Noel Bragg Named in Dispute Alleging Violation of Regulation Best Interest

Noel Bragg (CRD #: 1175231), a broker registered with American Trust Investment Services, is involved in a pending investor dispute, according to his BrokerCheck record, accessed on June 13, 2023. If you have questions about his alleged conduct as a broker, keep reading.

Investor Dispute

On May 16, 2023, an investor named Noel Bragg in a dispute alleging breach of contract, failure to supervise, violation of Regulation Best Interest, negligent misrepresentation, and other negligence. The client seeks $50,000 in this pending dispute.

FINRA Rule 2010

FINRA Rule 2010 holds brokers to high standards of commercial honor and just and equitable principles of trade.

FINRA Rule 3110

FINRA Rule 3110 requires that firms establish supervisory systems over their employees in order to identify and prevent violations of securities regulations. Firms must appoint supervisors and provide them with Written Supervisory Procedures (WSPs) to follow.

Regulation Best Interest

Regulation Best Interest (Reg-BI) is an SEC regulation that requires brokerage firms to put their clients’ best interests first. For example, firms must conduct reasonable due diligence when researching investments to ensure their recommendations are suitable for the investor.

FINRA Rule 2020

FINRA Rule 2020 forbids the use of deception, manipulation, and other fraudulent tactics to influence investors’ decisions. Misrepresenting an investment’s requirements, potential returns, or other relevant information violates this rule.

What is broker negligence?

Brokers may act in many negligent ways, including executing unauthorized trades, misrepresenting material facts, or failing to supervise other brokers.

Investors who feel their losses are the result of broker negligence may be able to recover their funds by pursuing FINRA arbitration. 

Background Information

Noel Bragg 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 7 – General Securities Representative Examination
• Series 6 – Investment Company Products/Variable Contracts Representative Examination
• Series 22 – Direct Participation Programs Representative Examination

Noel Bragg is a registered broker in Arkansas, California, Hawaii, Oregon, and Washington.

He has also worked for the following firms:

• Landolt Securities (CRD#:28352)
• WestPark Capital (CRD#:39914)
• Newport Coast Securities (CRD#:16944)
• National Securities Corporation (CRD#:7569)
• Brookstreet Securities Corporation (CRD#:14667)
• Consolidated Investment Services (CRD#:7929)
• Titan/Value Equities Group (CRD#:6359)
• Derand/Pennington/Bass. (CRD#:4679)
• IFG Network Securities (CRD#:19948)
• E. A. Buck Company (CRD#:8587)

Kurta Law Can Help

If you worked with Noel Bragg 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 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.