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Joshua Nix Allegedly Mismanaged Client’s VUL Subaccounts

Joshua Nix (CRD #: 5648898), a broker registered with Edward Jones, allegedly mismanaged a client’s investments, according to his BrokerCheck record, accessed on May 5, 2023. If you want to know more about his alleged conduct as a broker, read on.

Investor Dispute

On January 22, 2020, an investor filed a dispute alleging that Joshua Nix mismanaged a Thrift Savings Plan and the subaccounts of a Variable Universal Life insurance policy (VUL). The client received a settlement of $145,000.

FINRA Rule 2010

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

What are VULs?

Variable Universal Life insurance policies (VULs) differ from other forms of life insurance because they invest a portion of investors’ premiums. Whether a VUL increases or decreases in value depends on the performance of its investments, so your returns are not guaranteed.

Background Information

Joshua Nix has passed the following exams:

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

Joshua Nix is a registered broker in 20 states and a registered investment adviser in Indiana and Texas.

He has also worked for the following firms:

  • Larson Financial Securities (CRD#:152517)
  • Larson Financial Group (CRD#:140599)
  • Financial Network Investment Corporation (CRD#:13572)

Kurta Law Can Help

If you worked with Joshua Nix and you have concerns about your investments, please contact us today at 877-600-0098 or 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.