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John Coleman Allegedly Invested Client’s Funds Without Authorization

Feb 14, 2023 Unauthorized Trading

John Coleman (CRD #: 2915050), a broker registered with Janney Montgomery Scott, allegedly made unauthorized investments, according to his BrokerCheck record, accessed on February 7, 2023. Keep reading if you have questions about his alleged conduct as a broker.

Investor Dispute

On October 5, 2022, an investor alleged that John Coleman invested their funds in the stock market without their authorization between September 2021 and October 2022. This dispute is currently pending.

FINRA Rule 3260

Unauthorized trading violates FINRA Rule 3260, which restricts brokers from engaging in discretionary trading outside of pre-approved discretionary accounts. Both the firm and the client must approve an account before discretionary trading can occur.

Background Information

John Coleman has passed the following exams:

  • Series 66 – Uniform Combined State Law Examination
  • Series 63 – Uniform Securities Agent State Law Examination
  • SIE – Securities Industry Essentials Examination
  • Series 7 – General Securities Representative Examination
  • Series 10 – General Securities Sales Supervisor – General Module Examination
  • Series 9 – General Securities Sales Supervisor – Options Module Examination

John Coleman is a registered broker in 34 states and the District of Columbia. He is also a registered investment adviser in California, North Carolina, Ohio, Pennsylvania, and Texas.

He previously worked for Parker/Hunter (CRD#:7324).

Kurta Law Can Help

If you worked with John Coleman 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. 

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