Luke Lannister (CRD #6317373) Has Regulatory and Customer Dispute Disclosures on FINRA BrokerCheck

Luke Lannister (CRD #6317373) was previously registered as a broker. We reviewed his BrokerCheck report on February 4, 2026. It reflects two regulatory events, three customer disputes, and one employment separation. If you invested with Luke Lannister and have concerns, keep reading.

BrokerCheck link: BrokerCheck

BrokerCheck report: BrokerCheck Report (PDF)

Regulatory Action(s)

Luke Lannister’s FINRA BrokerCheck Report reflects two regulatory event disclosures. Summaries are below:

On January 29, 2026, FINRA issued a suspension of Luke Lannister in all capacities. FINRA stated the suspension was for a failure to comply with an arbitration award or settlement agreement, or for a failure to respond to a FINRA request about compliance status. The suspension is indefinite and continues until the required payment is made or discharged. Related document: Arbitration Award Search

On September 30, 2025, FINRA entered an Acceptance, Waiver & Consent with Luke Lannister. FINRA found he exercised discretion without written authorization in accounts held by two customers. FINRA also found he inaccurately stated in annual firm compliance questionnaires that he had not exercised discretion without firm approval. FINRA imposed a $5,000 fine and a two-month suspension from October 6, 2025 through December 5, 2025. AWC: AWC (PDF)

Employment Separation

Luke Lannister’s FINRA BrokerCheck Report reflects one employment separation after allegations. A summary is below:

On November 28, 2023, Grove Point Investments, LLC discharged Luke Lannister. The firm stated its investigation determined he charged excessive commissions and engaged in unapproved discretionary trading.

Investor Disputes / Customer Complaints

Luke Lannister’s FINRA BrokerCheck Report reflects three customer dispute disclosures. We summarize two examples below and note there is one additional customer dispute listed in this category.

On August 29, 2023, a customer alleged Luke Lannister misrepresented compensation, placed discretionary trades without permission, and churned the account. The customer sought $150,000 in damages. FINRA BrokerCheck lists the product type as listed equity securities. The matter settled for $41,850.18 on November 29, 2023.

On November 8, 2022, customers alleged their former representative incorrectly explained a guaranteed minimum withdrawal benefit rider tied to a variable annuity investment. They sought $38,000 in damages. FINRA BrokerCheck lists the product type as a variable annuity. The dispute settled for $38,955.68 with a status date of May 21, 2024.

Rule Summary #1: FINRA Rule 9554 (Failure to Comply with an Arbitration Award or Related Settlement)

FINRA Rule 9554 sets an expedited process for suspending a broker who does not comply with a FINRA arbitration award or settlement. It can also apply when a broker does not provide required information about compliance. You can review the rule here: FINRA Rule 9554

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

FINRA Rule 3260 limits discretionary trading to accounts that have written customer authorization and written firm acceptance. Disputes about unauthorized discretion often focus on whether the account was properly approved and supervised. You can review the rule here: FINRA Rule 3260

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, Luke Lannister:

Is not currently registered.

Has passed the Securities Industry Essentials (SIE) exam. Luke Lannister has also passed Series 7, Series 63, and Series 65.

Was previously registered with firms that include Grove Point Investments, LLC; CUSO Financial Services, L.P.; Capital One Investing, LLC; and NFP Advisor Services, LLC.

Kurta Law Can Help

If you have worked with Luke Lannister 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: Unauthorized Trading | Account Churning

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.