Stephen Swensen Fired from Wealth Navigation Advisors

Stephen Swensen (CRD #: 2885578), a broker formerly registered with J.W. Cole Financial, was recently fired from another firm, according to his BrokerCheck record, accessed on July 30, 2022. If you have questions about Stephen Swensen’s conduct as a broker, read on.

Discharge from Wealth Navigation Advisors

On June 6, 2022, Stephen Swensen was fired from Wealth Navigation Advisors for allegedly failing to disclose an outside business activity.

FINRA Rule 3270

FINRA Rule 3270 requires brokers to disclose any business they participate in outside of their firm, including what role they will play in the transaction and what compensation they expect to receive.

Violations of this and other FINRA Rules frequently qualify as automatic violations of FINRA Rule 2010, which requires brokers to uphold high standards of commercial honor and just and equitable principles of trade.

Other business activities

Stephen Swensen’s detailed BrokerCheck report lists the following outside business activities:

• Navigation Capital Group, an entity used for tax purposes.
• Four Buckets, a retirement and planning software service company whose services are used by investment advisors.
• The Swensen Group, another entity used for tax purposes.

If you invested in any of Stephen Swensen’s outside business activities, contact our securities lawyers today. 

Background Information

Stephen Swensen 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 6 – Investment Company Products/Variable Contracts Representative Examination 

He has also worked for the following firms:

• J.W. Cole Financial (CRD#:124583)
• Allegis Investment Services (CRD#:168557)
• Summit Brokerage Services (CRD#:34643)
• Commonwealth Financial Network (CRD#:8032)
• Securian Financial Services (CRD#:15296)
• Park Avenue Securities (CRD#:46173)
• Northwestern Mutual Investment Services (CRD#:2881)
• Robert W. Baird & Company (CRD#:8158)

Kurta Law Can Help

If you worked with Stephen Swensen 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.