Justin A. Parker (CRD #4671557) Has Regulatory and Customer Dispute Disclosures on FINRA BrokerCheck

Justin A. Parker (CRD #4671557) is associated with Ameriprise Financial Services, LLC and has disclosures on FINRA BrokerCheck. We reviewed his BrokerCheck report on February 4, 2026. It reflects one regulatory event and two customer disputes. If you invested with Justin A. Parker and have concerns, keep reading.

BrokerCheck link: BrokerCheck

BrokerCheck report: BrokerCheck Report (PDF)

Regulatory Action(s)

Justin Parker’s FINRA BrokerCheck report reflects one regulatory event. A summary is below:

On December 31, 2025, FINRA reported a regulatory event involving Justin Parker. The matter was resolved through an Acceptance, Waiver & Consent (AWC). FINRA found that Parker instructed a trader to effect 310 unauthorized transactions in 277 non-discretionary customer accounts. The transactions tendered customers’ shares to participate in a company’s modified “Dutch Auction” self-tender offer. FINRA stated Parker did not have discretionary authority over any of the accounts. FINRA imposed a censure, a $2,500 fine, and a 30-day suspension from all capacities from January 20, 2026 through February 18, 2026.

Investor Disputes / Customer Complaints

Justin Parker’s FINRA BrokerCheck report reflects two customer dispute disclosures. Summaries are below:

On September 28, 2009, a customer alleged that between August 2008 and September 2008, he directed the liquidation of equity and fixed-income positions, but the accounts were not liquidated. The customer alleged $156,000 in market losses and asserted claims that included unsuitability and misrepresentations. The matter settled on February 24, 2011 for $25,000, with no individual contribution listed for Parker.

On November 16, 2017, a customer alleged that he did not give permission to buy the mutual fund TFCVX in March 2014 and that the position later showed no value. The customer sought $16,977.87 in damages. The complaint was denied on November 27, 2017.

Rule Summary #1: FINRA Rule 2010 (Standards of Commercial Honor and Principles of Trade)

FINRA Rule 2010 requires firms and associated persons to observe high standards of commercial honor and just and equitable principles of trade. Unauthorized transactions can raise questions about whether a recommendation or trade was handled with proper care and customer consent.

Rule Summary #2: FINRA Rule 3260 (Discretionary Accounts)

FINRA Rule 3260 addresses the use of discretion in customer accounts. It requires prior written authorization before a broker or firm exercises discretionary power. Disputes about unauthorized activity often focus on whether the account was treated as discretionary without the required approval.

Why This Matters to Investors (Regulation Best Interest)

Regulation Best Interest (Reg BI) is a U.S. securities regulation. It strengthens the standard of conduct that broker-dealers owe to retail investors. It applies when they recommend securities transactions or investment strategies. The U.S. Securities and Exchange Commission adopted Reg BI. It became effective on June 30, 2020. Reg BI aims to protect investors while preserving access to brokerage products and services.

Reg BI requires broker-dealers and financial advisors to act in a retail customer’s best interest at the time of a recommendation. They must not place their own financial or other interests ahead of the customer’s. This standard is higher than the older “suitability” rule. Suitability meant a recommendation only had to be appropriate. It did not have to be the best option or free of conflicts.

Reg BI has four key obligations:

Disclosure Obligation – Broker-dealers must disclose material facts about the relationship and the recommendation. This includes fees, the scope of services, and conflicts of interest.

Care Obligation – Broker-dealers must use reasonable diligence, care, and skill. They must consider costs, risks, and alternatives when making a recommendation.

Conflict of Interest Obligation – Firms must identify conflicts of interest. They must disclose them and mitigate or eliminate them. This includes conflicts that create incentives to favor one product over another.

Compliance Obligation – Firms must maintain policies and procedures. Those policies should be designed to ensure compliance with Reg BI as a whole.

Reg BI applies to each recommendation. It is not a continuous duty like the fiduciary standard for registered investment advisers. Even so, it narrows the gap. It puts more focus on costs, conflicts, and investor-focused decision-making.

Overall, Regulation Best Interest promotes transparency. It also aims to improve the quality of investment recommendations. It is designed to reinforce trust between retail investors and broker-dealers in the U.S. securities markets.

Background Information (from BrokerCheck)

Based on His FINRA BrokerCheck report, Justin Parker:

Is employed by Ameriprise Financial Services, LLC. His FINRA registration status is suspended effective January 20, 2026.

Has been registered with Ameriprise Financial Services, LLC since January 15, 2009.

Has one regulatory event and two customer disputes disclosed on BrokerCheck.

Kurta Law Can Help

If you have worked with Justin Parker and you have concerns about his activity, Kurta Law may be able to help you evaluate your legal options. To speak with Kurta Law, call 877-600-0098 or email info@kurtalawfirm.com.

Helpful resources: Unsuitable Investments | Securities Fraud

For nearly 20 years, Kurta Law has advocated for investors and helped hold financial professionals accountable. Our firm represents clients nationwide in securities arbitration and related disputes. If you believe a broker or firm mishandled your account, an attorney can review the facts and explain possible next steps.