John Nelson Fired from Pruco Securities Following FINRA Suspension
John Nelson (CRD #: 6900776), a broker formerly registered with Pruco Securities, has been suspended by FINRA, according to his BrokerCheck record, accessed on January 5, 2023. If you have questions about his alleged conduct as a broker, keep reading.
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.
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.
Loading...
Reload document 
Open in new tab