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Parker Austin Fired by January Capital Advisors

Parker Austin (CRD #: 6270114), an investment adviser registered with Embarcadero Capital Advisors, has been terminated by January Capital Advisors. This is according to his BrokerCheck record, accessed on January 12, 2024. Keep reading if you have questions about his alleged conduct. 

On December 4, 2023, January Capital Advisors fired Parker Austin following allegations that he violated firm policies related to the safekeeping of client records. He also allegedly violated his fiduciary duty. 

Fiduciary Duties

A fiduciary duty is a duty to work in a client’s best interest. Brokers are not fiduciaries, but they must follow the rules set forth by FINRA Rule 2111 and Regulation Best Interest. Registered Investment Advisers (RIAs) are fiduciaries, and brokers are often dually registered as RIAs.  (To learn more about the differences between brokers and Registered Investment Advisers, click here.) 

Background Information

Parker Austin has passed the following exams:  

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

During his eight years of experience, Parker Austin has registered with two firms: LPL Financial (CRD #: 6413) and Edward Jones (CRD #: 250). 

Kurta Law Can Help 

If you have worked with Parker Austin and have concerns about your investments, do not hesitate to contact us at 877-600-0098 or info@kurtalawfirm.com 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 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. Do not let securities fraud go unchecked. Start your recovery process today.

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