Victim of Financial Fraud? Call Now
Home » Broker Blog » John Norberg Allegedly Executed Unauthorized Securities Transactions

John Norberg Allegedly Executed Unauthorized Securities Transactions

John Norberg (CRD #: 6952674), a broker registered with Edward Jones, has an investor dispute on his BrokerCheck record, as of April 10, 2022. Details of the allegations are provided below.

On April 10, 2022, an investor alleged that she did not authorize the purchase of Ave Maria Funds. She further alleged that John Norberg sold mutual funds in her account but did not disclose the capital gains tax implications before the sale, which allegedly led to an unexpected tax burden.

The dispute was denied, but investors should know that they can still recover losses following a denial.

FINRA Rules and Regulations

  • FINRA Rule 3260 prohibits unauthorized securities transactions. Brokers are only allowed to exercise trading discretion in accounts that the firm and the investor have approved for discretionary trading.
  • FINRA Rule 2010 requires brokers to uphold high standards of commercial honor and just and equitable principles of trade.
  • FINRA Rule 2020 prohibits brokers from omitting material information regarding securities transactions, including information about tax implications.

Background Information

John Norberg has passed the following exams:

  • Series 66 Uniform Combined State Law Examination
  • SIE – Securities Industry Essentials Examination
  • Series 7 General Securities Representative Examination

John Norberg is registered in all 50 states, Puerto Rico, the Virgin Islands, and Washington D.C. He is also a registered investment adviser in Maryland and Texas.

He has only ever registered with Edward Jones (CRD #: 250).

Kurta Law Can Help

If you worked with John Norberg 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. 

Recent Results

$16.75M

Million

Recovery for ARC NYC REIT Investors
Learn More
Kurta Law recovered millions of dollars for investors who purchased the speculative and unsuitable ARC NYC REIT. The arbitration settled for substantially more than the investor losses.

Recent Results

$9.3M

Million

Investors Receive Award for More than their Losses
Learn More
Jonathan Kurta was able to recover over $9.3 million for a group of defrauded investors. The claims were based upon the brokerage firm’s failure to supervise a stockbroker who stole client funds and then prepared and disseminated fake account statements for decades.

Recent Results

$7.1M

Million

Elderly Victims Recover After a Decade of Fraud
Learn More
Jonathan Kurta represented a group of elderly women who were the victims of a financial crime perpetrated by a rogue broker. The broker utilized forged documents to steal funds from the clients’ accounts over a decade.

Recent Results

$4.2M

Million

Investor vs. Royal Alliance
Learn More
Jonathan Kurta represented an investor who alleged that Royal Alliance Associates had not fulfilled their supervisory duties. This allegedly allowed brokers to engage in conversion and RICO violations. Read a copy of the award here.

Recent Results

$1M

Million

Utah Firm Executed Unnecessary Transaction
Learn More
A FINRA panel sided with Kurta Law and found that a Utah brokerage firm executed unnecessary transactions in order to generate more commissions. Read a copy of the award here.

Recent Results

$2M

Million

Arizona Investors Options Trading Scam
Learn More
Kurta Law negotiated a $2 million settlement on behalf of Arizona investors who were defrauded in an options trading scam.

Categories