John Nelson Faces Second FINRA Suspension

John Nelson (CRD #: 6900776), a broker formerly registered with Pruco Securities, has been suspended by FINRA for a second time, according to his BrokerCheck record, accessed on August 10, 2025. If you have questions about his alleged conduct as a broker, keep reading.

2025 FINRA Suspension

On April 10, 2025, John Nelson received a Letter of Suspension from FINRA alleging that he failed to comply with an arbitration award or settlement agreement or to adequately respond to a request for information about the status of his compliance.

These allegations were made in relation to a dispute filed by Equitable Advisors and Equitable Network. In that dispute, the firms alleged that they entered into a promissory note with John Nelson on December 4, 2019, and that there was an outstanding principal balance on the note as well as an unpaid balance for other services (“Other Debt”). John Nelson allegedly refused to pay the amount owed on the note.

An arbitration award made John Nelson liable for $30,730.00 in outstanding principal and accrued interest, interest on this sum of 5.75%, and $9,863.51 for the Other Debt. You can read the award here.

His suspension by FINRA will continue until the required payment is made or the debt discharged.

Article VI, Section 3 of FINRA By-Laws

Article VI, Section 3 of FINRA By-Laws allows FINRA to suspend or cancel the membership of any member who fails to comply with arbitration awards or settlement agreements.

FINRA Rule 9554

FINRA Rule 9554 penalizes brokers who fail to comply with arbitration awards or settlements by suspending or canceling their registration. Brokers have 21 days to request a hearing before their suspension or cancellation becomes final.

Termination from Pruco Securities

On December 7, 2022, John Nelson was fired from Pruco Securities following his suspension by FINRA and alleged failures to disclose an arbitration on his Uniform Application for Securities Industry Registration or Transfer (Form U4) and to complete his annual Form U4 attestation.

FINRA Rule 2010

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

2022 FINRA Suspension

On November 29, 2022, FINRA suspended John Nelson for his alleged failure to comply with an arbitration award/settlement or to provide FINRA with a satisfactory response as to the status of his compliance.

On September 6, 2022, Lincoln Financial Advisors entered into an arbitration agreement with John Nelson. In the initial arbitration, Lincoln Financial Advisors alleged that he breached a promissory note that became due and owing upon the end of his employment with the firm.

Lincoln Financial Advisors was awarded $18,745.50 in compensatory damages, as well as interest and fees.

Sanctions

John Nelson was indefinitely suspended by FINRA starting November 29, 2022. His suspension will end when the required payment is received or discharged.

You can read a copy of the arbitration agreement here.

Background Information

John Nelson has passed the following exams:

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

He previously worked for the following firms:

• Pruco Securities (CRD#:5685)
• Lincoln Financial Advisors (CRD#:3978)
• Equitable Advisors (CRD#:6627)
• Edward Jones (CRD#:250)
• Citizens Securities (CRD#:39550)

Kurta Law Can Help

If you worked with John 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.