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Russel Martin Fired for Allegedly Failing to Follow Reg-BI

Mar 30, 2022 Fired Brokers

Russell Martin (CRD # 5236382) has been fired by CUNA Brokerage Services, Inc., according to his BrokerCheck, accessed on March 20, 2022. The firm alleged that he failed to adequately follow Regulation Best Interest policies when selling securities to client investors.

Russell Martin was terminated on February 16, 2022. If you have concerns regarding Russel Martin’s conduct record, please continue to read this blog entry.

Regulation Best Interest

Regulation Best Interest, or “Reg BI,” expands on FINRA’s suitability rule and requires firms to disclose any conflicts of interest as well as any past disciplinary history. In the event that a broker fails to disclose potential conflicts of interest, they could be subject to liability in claims from their customers.

Background Information

Russell Martin 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 26 – Investment Company Products/Variable Contracts Principal Examination

Russell Martin has worked for the following firms:

  • CUNA Brokerage Services, Inc. (CRD # 13941)
  • M&T Securities, Inc. (CRD # 17358)
  • HSBC Securities (USA) Inc. (CRD # 19585)

Kurta Law Can Help

If you worked with Russell Martin and have concerns about your investments, please contact us today at 877-600-0098 or info@kurtalawfirm.com for a free consultation.

For nearly 20 years, Kurta Law has advocated on behalf of investors recovering their investment losses from stockbrokers and brokerage firms. Kurta Law is a nationally recognized law firm that exclusively represents investors. We work on a contingency basis, which means that the firm only earns a fee if our securities attorneys recover money on your behalf. Reach out and we can tell you what steps to take to restore your lost funds.