Justin Bjerke Subject of Iowa Regulatory Action

Justin Bjerke (CRD #: 5870149), a broker registered with Edward Jones, was fined by the Iowa Insurance Division, according to his BrokerCheck record, accessed on April 15, 2025. Keep reading if you want to know more about his alleged conduct as a broker.

Iowa Regulatory Action

On January 29, 2025, the Iowa Insurance Division alleged that Justin Bjerke executed unauthorized purchases of shares in two mutual funds.

The Iowa Insurance Division alleged that Justin Bjerke’s misconduct violated Iowa Code Section 502.412(4)(m) and Iowa Administrative Rule 191-50.16(1)(d) and ordered him to cease and desist from violations of these rules.

The Iowa Insurance Division also ordered Justin Bjerke to pay a $10,000 fine and additional monetary sanction of $1,644.50, and to undergo heightened supervision.

Iowa Code

Iowa Code Section 502.412(4)(m) states that engaging in dishonest or unethical practices in the securities, banking, finance, insurance, and other businesses qualifies a broker for disciplinary action.

Iowa Administrative Rules

Iowa Administrative Rule 191-50.16(1)(d) states that executing transactions without customer authorization constitutes a dishonest or unethical practice in the securities business.

FINRA Rule 3260

FINRA Rule 3260 requires brokers to receive written authorization from their clients before engaging in discretionary trading. The firm must also approve the designation of an account as discretionary before this trading can occur.

Background Information

Justin Bjerke has passed the following exams:

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

Justin Bjerke is a registered broker in 26 states and a registered investment adviser in Iowa and Texas.

Kurta Law Can Help

If you worked with Justin Bjerke 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 that 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.