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John Norberg Allegedly Executed Unauthorized Securities Transactions

Jun 29, 2022 Unauthorized Trading

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.