Investors Allege Joe Nelson Violated Multiple FINRA Rules

Joe Nelson (CRD #: 2180626), a broker registered with JRL Capital Corporation, allegedly committed several FINRA violations, according to his BrokerCheck record, accessed on August 27, 2022. Investors may have also worked with him through Capstone Wealth Planning. Keep reading to learn more about Joe Nelson’s conduct as a broker.

Investor Dispute

On July 5, 2022, multiple investors filed a dispute alleging that Joseph Nelson made fraudulent or negligent misrepresentations and omissions of material fact, breached his contract, committed unspecified violations of suitability, and violated FINRA Rules 2010, 2020, and IM-2310-2. This dispute is currently pending.

FINRA Rules 2020 and 2010

FINRA Rule 2020 forbids the use of manipulation, deception, and other fraudulent means of influencing the purchase and sale of securities. This includes the misrepresentation or omission of investments, including their risks, requirements, or limitations.

FINRA Rule 2010 requires brokers to uphold high standards of commercial honor and just and equitable principles of trade.

FINRA Rule 2111

FINRA Rule 2111 requires brokers to recommend securities that sufficiently suit their client’s financial goals. Brokers must use the information contained in an investor’s profile, such as their tax status, age, and risk tolerance when making recommendations.

Brokers also have an obligation towards fair dealing and ethical practices as part of this rule.

Investors who believe they have lost money due to unsuitable investment recommendations may be able to recover their funds through FINRA arbitration.

Background Information

Joe Nelson has passed the following exams:

• Series 63 – Uniform Securities Agent State Law Examination
• SIE – Securities Industry Essentials Examination
• Series 7 – General Securities Representative Examination
• Series 6 – Investment Company Products/Variable Contracts Representative Examination

Joe Nelson is a registered broker in Arizona, California, Florida, Oregon, and Utah.

He has also worked for the following firms:

• WestPark Capital (CRD#:39914)
• Newport Coast Securities (CRD#:16944)
• Investors Capital Corporation (CRD#:30613)
• Brookstreet Securities (CRD#:14667)
• AIG Financial Advisors (CRD#:133763)
• SunAmerica Securities (CRD#:20068)
• Royal Alliance Associates (CRD#:23131)
• FMN Capital (CRD#:38105)
• Great Western Financial Securities Corporation (CRD#:14229)
• Financial Network Investment Corporation (CRD#:13572)
• Titan/Value Equities Group (CRD#:6359)

Kurta Law Can Help

If you worked with Joe 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.