Seth Andrew Nannini (CRD #4406510) Has Regulatory Events and Customer Disputes on FINRA BrokerCheck

Seth Andrew Nannini (CRD #4406510) is a broker with regulatory events and customer disputes on FINRA BrokerCheck. We reviewed his BrokerCheck report on March 11, 2026. It reflects two regulatory events and 10 customer disputes. If you invested with Seth Andrew Nannini and have concerns, keep reading.

BrokerCheck link: BrokerCheck

BrokerCheck report: BrokerCheck Report (PDF)

Regulatory Actions / Disciplinary Actions

Seth Nannini’s FINRA BrokerCheck Report reflects two regulatory disclosure events. Summaries of the disclosures are below:

On October 18, 2019, the North Carolina Department of Insurance censured Seth Nannini and imposed a $250 fine. Seth Nannini’s FINRA BrokerCheck report says the matter involved a failure to timely report the December 21, 2018 FINRA administrative action. FINRA BrokerCheck lists the product as insurance. Nannini’s statement says the reporting deadline was accidentally calendared from the disposition date rather than the initial filing date.

On December 21, 2018, FINRA accepted a Letter of Acceptance, Waiver and Consent with Seth Nannini. Seth Nannini’s FINRA BrokerCheck report says he participated in private securities transactions totaling $291,500 without written notice to or approval from his firm. FINRA BrokerCheck says two customers invested in a biotech manufacturing company, one customer invested in a social media company, and another customer invested in a technology company. The matter resulted in a six-month suspension and a $5,000 fine. The related document is available here: AWC

Investor Disputes / Customer Complaints

Seth Nannini’s FINRA BrokerCheck report reflects 10 customer dispute disclosures. Two examples are below. Eight additional customer dispute disclosures remain listed on BrokerCheck:

A customer dispute received on January 22, 2026 alleged clients invested in GWG Holdings L-Bonds and that the bonds should not have been recommended to elderly retirees seeking safe income and capital preservation. Seth Nannini’s FINRA BrokerCheck report lists $50,000 in requested damages and a $25,000 settlement.

Another customer dispute received on May 30, 2025 involved GWG Holdings L-Bonds after GWG Holdings, Inc. filed Chapter 11 bankruptcy on April 20, 2022. Seth Nannini’s FINRA BrokerCheck report lists $80,000 in requested damages and a $40,000 settlement.

Rule Summary #1: FINRA Rule 3280 (Private Securities Transactions of an Associated Person)

FINRA Rule 3280 requires associated persons to give written notice before taking part in a private securities transaction. The 2018 AWC described participation in private securities transactions without written notice or firm approval.

Rule Summary #2: FINRA Rule 2111 (Suitability)

FINRA Rule 2111 requires a reasonable basis to believe a recommendation fits the customer’s investment profile. Customer disputes tied to GWG L-Bonds can raise questions about risk tolerance, liquidity needs, and whether the recommendation fit the investor.

Why This Matters to Investors (Regulation Best Interest)

Regulation Best Interest (Reg BI) is a U.S. securities regulation. It strengthens the standard of conduct that broker-dealers owe to retail investors. It applies when they recommend securities transactions or investment strategies. The U.S. Securities and Exchange Commission adopted Reg BI. It became effective on June 30, 2020. Reg BI aims to protect investors while preserving access to brokerage products and services.

Reg BI requires broker-dealers and financial advisors to act in a retail customer’s best interest at the time of a recommendation. They must not place their own financial or other interests ahead of the customer’s. This standard is higher than the older “suitability” rule. Suitability meant a recommendation only had to be appropriate. It did not have to be the best option or free of conflicts.

Reg BI has four key obligations:

Disclosure Obligation – Broker-dealers must disclose material facts about the relationship and the recommendation. This includes fees, the scope of services, and conflicts of interest.

Care Obligation – Broker-dealers must use reasonable diligence, care, and skill. They must consider costs, risks, and alternatives when making a recommendation.

Conflict of Interest Obligation – Firms must identify conflicts of interest. They must disclose them and mitigate or eliminate them. This includes conflicts that create incentives to favor one product over another.

Compliance Obligation – Firms must maintain policies and procedures. Those policies should be designed to ensure compliance with Reg BI as a whole.

Reg BI applies to each recommendation. It is not a continuous duty like the fiduciary standard for registered investment advisers. Even so, it narrows the gap. It puts more focus on costs, conflicts, and investor-focused decision-making.

Overall, Regulation Best Interest promotes transparency. It also aims to improve the quality of investment recommendations. It is designed to reinforce trust between retail investors and broker-dealers in the U.S. securities markets.

Background Information (from BrokerCheck)

Based on his FINRA BrokerCheck report, Seth Nannini:

Is currently registered with Capital Investment Group, Inc.

Has passed the Securities Industry Essentials (SIE) exam. Seth Nannini has passed Series 31 and Series 7. He has also passed Series 66.

Was previously registered with firms that include MML Investors Services, Inc., Equity Services, Inc., Veravest Investments, Inc., Morgan Stanley, and Morgan Stanley DW Inc.

Kurta Law Can Help

If you have worked with Seth Nannini and you have concerns about the handling of your account, Kurta Law may be able to help you evaluate your legal options. To speak with Kurta Law, call 877-600-0098 or email info@kurtalawfirm.com.

Helpful resources: Securities Attorney | Security Fraud

For nearly 20 years, Kurta Law has advocated for investors and helped hold financial professionals accountable. The firm represents clients nationwide in securities arbitration and related disputes. If you believe a broker or firm mishandled your account, an attorney can review the facts and explain the next steps.