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Donald Nelson Suspended Following Alleged Failure to Respond to FINRA Requests

Nov 15, 2022 FINRA Suspension

Donald Nelson (CRD #: 2473307), a broker formerly registered with Wedbush Securities, has been suspended by FINRA, according to his BrokerCheck record, accessed on October 23, 2022. If you want to know more about his conduct as a broker, keep reading.

FINRA Suspension

On August 2, 2022, Donald Nelson was served a Letter of Suspension alleging that he failed to respond to FINRA requests for information.

FINRA suspended Donald Nelson indefinitely starting on August 26, 2022. The suspension will continue until FINRA receives the requested information or the suspension converts to a bar.

FINRA Rule 9552

FINRA Rule 9552 states that members who fail to provide requested information, documents, or testimony will be suspended. Members must request an end to their suspension within three months or else become permanently barred.

Background Information

Donald Nelson has passed the following exams:

  • Series 65 – Uniform Investment Adviser Law Examination
  • Series 63 – Uniform Securities Agent State Law Examination
  • SIE – Securities Industry Essentials Examination
  • Series 7 – General Securities Representative Examination
  • Series 24 – General Securities Principal Examination

He previously worked for the following firms:

  • Wedbush Securities (CRD#:877)
  • First Wall Street Corporation (CRD#:13024)
  • PaineWebber (CRD#:8174)
  • Sutro & Company (CRD#:801)

Kurta Law Can Help

If you worked with Donald Nelson and you have concerns about your investments, please contact us today at 877-600-0098 or info@kurtalawfirm.com for a free consultation.

For over 20 years, Kurta Law has advocated on behalf of investors who want to recover their investment losses from brokers and brokerage firms. Kurta Law is a nationally recognized law firm and exclusively represents investors against brokers and brokerage firms on a contingency basis. This means that the firm only earns a fee if our securities attorneys recover money on your behalf.