Johnathan Norton Suspended by FINRA
Johnathan Norton (CRD #: 4662779), a broker registered with PFS Investments, has been suspended by FINRA, according to his BrokerCheck record, accessed on May 17, 2023. Keep reading if you have questions about his alleged conduct as a broker.
FINRA Suspension
On April 19, 2023, Johnathan Norton consented to the entry of findings that he allegedly failed to provide prior notice to PFS Investments before engaging in six private securities transactions.
A Letter of Acceptance, Waiver & Consent (AWC) alleged that Johnathan Norton invested approximately $110,000 in investment contracts offered and sold by Company A between January and April 2021. Company A allegedly purported to be an invoice factoring company providing cash to companies in exchange for their accounts receivable.
The AWC alleges that Johnathan Norton entered into six “Funding Partner” agreements with Company A under which the company would acquire accounts receivable for his account and generate 15-25% returns on his investments.
He allegedly failed to provide written notice to PFS Investments before engaging in these transactions, in violation of firm policy.
The AWC concludes that these allegations violated FINRA Rules 3280 and 2010.
FINRA Rule 3280
FINRA Rule 3280 requires brokers to provide written notice to their firm before engaging in private securities transactions.
FINRA Rule 2010
FINRA Rule 2010 holds brokers to high standards of commercial honor and just and equitable principles of trade.
Sanctions
Johnathan Norton consented to a 30-day calendar day suspension. His suspension began on May 15, 2023, and will end on June 13, 2023.
You can read a copy of the AWC here.
Background Information
Johnathan Norton 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
- Series 26 – Investment Company Products/Variable Contracts Principal Examination
Johnathan Norton is a registered broker in six states.
Kurta Law Can Help
If you worked with Johnathan Norton 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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