Monique Russell (CRD #6274243) Has Regulatory Actions on FINRA BrokerCheck

Monique Russell (CRD #6274243) is a broker with regulatory actions on FINRA BrokerCheck. We reviewed her BrokerCheck report on April 11, 2026. It reflects two regulatory actions. If you invested with Monique Russell and have concerns, keep reading.

BrokerCheck link: BrokerCheck

BrokerCheck report: BrokerCheck Report (PDF)

Regulatory Actions

Monique Russell’s FINRA BrokerCheck Report reflects two regulatory action disclosures. Summaries of those matters are below:

On February 3, 2026, the New York State Department of Financial Services entered a stipulation and consent matter against Monique Russell. Monique Russell’s FINRA BrokerCheck Report says she certified and submitted a renewal application with false or inaccurate information about completing 15 hours of continuing education when she had not taken the required courses. BrokerCheck shows a $7,500 fine, with the matter listed as final.

A separate FINRA matter became final on September 16, 2024. Monique Russell’s FINRA BrokerCheck Report says she certified to New York that she had personally completed 15 hours of continuing education required to renew her state insurance license, when another person had completed that education on her behalf. FINRA imposed a $5,000 fine and a one-month suspension from October 21, 2024 through November 20, 2024. See the AWC link.

Rule Summary #1: FINRA Rule 1122 (Filing of Misleading Information as to Membership or Registration)

FINRA Rule 1122 bars associated persons from filing incomplete or inaccurate registration information that could mislead. A case involving false certification on a licensing renewal fits that concern.

Rule Summary #2: FINRA Rule 2010 (Standards of Commercial Honor and Principles of Trade)

FINRA Rule 2010 requires brokers and firms to observe high standards of commercial honor. Conduct involving false certifications can raise issues under that broad ethics rule.

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 Her FINRA BrokerCheck report, Monique Russell:

Is currently registered with PFS Investments Inc.

Has passed the Securities Industry Essentials (SIE) exam. Monique Russell has also passed Series 6 and Series 63.

Has no prior securities firm registrations listed on BrokerCheck.

Kurta Law Can Help

If you have worked with Monique Russell and you have concerns about her 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: Securities Attorney | Investment 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.