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Parker Brean is the Subject of Excessive Trading Allegations

Parker Brean (CRD #: 5507026), a broker registered with Hilltop Securities, is the subject of an investor dispute. This disclosure appears on his BrokerCheck record, accessed on June 19, 2024. Keep reading if you have questions regarding his alleged conduct. 

Investor Allegations 

On April 22, 2024, an investor alleged that Parker Brean executed excessive trades, commissions, and fees. The dispute has since been denied. Investors should know, however, that firms can deny disputes without an external review. Investors can still recover their losses following a denial. 

On May 7, 2019, an investor alleged that Parker Brean engaged in unauthorized trading. The investor is seeking $95,000 but this dispute was also denied. 

Excessive Trading

FINRA Rule 2111, a.k.a. The Suitability Rule, requires brokers to tailor their investment recommendations to suit investors’ needs. Trades must be quantitatively suitable, meaning the number of trades must suit an investor’s needs. Each trade comes with a transaction fee, so too many transactions will result in excessive fees for the investor. Excessive trading is also known as “churning.” 

Background Information 

Parker Brean has passed the following exams:

  • Series 66 – Uniform Combined State Law Examination 
  • SIE – Securities Industry Essentials Examination 
  • Series 7 General Securities Representative Examination 
  • Series 9 General Securities Sales Supervisor – Options Module Examination 
  • Series 10 General Securities Sales Supervisor – General Module Examination 

He is a registered broker in 50 states, D.C., Puerto Rico, and the Virgin Islands. He is also a registered investment adviser in Colorado, Florida, Kentucky, Michigan, Nevada, New York, and Oregon. 

Parker Brean has registered with two firms: Hilltop Securities (CRD #: 6220) and M.L. Stern & Co. (CRD #: 8327). 

Kurta Law Can Help 

If you have worked with Parker Brean and have concerns about your investments, do not hesitate to contact us at 877-600-0098 or email 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.