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Nancy Cole is Under Investigation by the SEC 

Nancy Cole (CRD #:2900724), a broker and investment advisor registered with Western International Securities, is the subject of an SEC investigation, according to her BrokerCheck record, accessed on April 5, 2022.

SEC Allegations 

On February 10, 2022, Nancy Cole was the subject of a United States Securities And Exchange Commission investigation alleging violations of certain provisions of the federal securities laws, including Rule 15l-1(a)(1), Rule 15l-1(a)(2) and Section 20(a) of the Securities Exchange Act of 1934 (“Exchange Act”).

  • Rule 15l-1(a)(1) is part of “Regulation Best Interest” which requires brokerage firms to act in their customers’ best interests. 
  • Rule 15l-1(a)(2) states that brokers must provide fair disclosures of all material facts related to the scope and terms of the relationship with the customer. This includes facts about the fees associated with securities transactions, as well as any conflicts of interest. 

Investor Dispute

On September 26, 2021, an investor alleged that Nancy Cole recommended an unsuitable investment. FINRA Rule 2111 requires brokers to only recommend investments that fit their customer’s risk tolerance and financial goals. 

Background Information

Nancy Cole has passed the following exams:

  • Series 65 – Uniform Investment Adviser Law Examination
  • Series 63 – Uniform Securities Agent State Law Examination
  • SIE – Securities Industry Essentials Examination
  • Series 31 – Futures Managed Funds Examination
  • Series 7 – General Securities Representative Examination

Nancy Cole is a registered broker in California, Oregon, and Texas. She is also a registered investment advisor in Alabama and California.

Besides Western International Securities, Nancy Cole has also worked with the following firms:

  • First Allied Securities (CRD#:32444)
  • Investors Resources Group (CRD#:45752)
  • Sterling Financial Investment Group (CRD#:41506)
  • Morgan Stanley (CRD#:7556)

Kurta Law Can Help

If you have worked with Nancy Cole and have concerns about your investments, don’t hesitate to contact us today at 877-600-0098 or for a free consultation.

For nearly 20 years, Kurta Law has advocated for investors 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.