Wayne Oral Coleman Jr (CRD #6856698) Was Disciplined by a Regulator
Wayne Oral Coleman Jr (CRD #6856698) has been the subject of disclosure events reported on Wayne Oral Coleman Jr’s FINRA BrokerCheck. According to Wayne Oral Coleman Jr’s FINRA BrokerCheck report accessed on January 14, 2026, Wayne Oral Coleman Jr has been the subject of one regulatory disclosure. If you invested with Wayne Oral Coleman Jr and you have concerns about his activity, keep reading.
BrokerCheck link: BrokerCheck
BrokerCheck report: BrokerCheck Report (PDF)
Regulatory action
Wayne Coleman FINRA BrokerCheck report reflects a regulatory disclosure classified as “Regulatory – Final.” The disclosure states that the Wisconsin Office of the Commissioner of Insurance initiated the action on December 3, 2025 (docket/case number 25-C46701), and that Wayne Coleman’s insurance license was revoked under Section 628.10(2)(cm) of Wisconsin Statutes due to failure to pay delinquent taxes. The report lists the matter as final, with a resolution of an order and a sanction of revocation, with a resolution date of December 3, 2025.
Rule summary #1: FINRA Rule 2010
FINRA Rule 2010 is a broad, principles-based rule requiring high standards of commercial honor and just and equitable principles of trade. FINRA often references Rule 2010 when it alleges conduct falls below expected ethical standards.
Rule summary #2: FINRA Rule 3270 (Outside Business Activities of Registered Persons)
FINRA Rule 3270 requires registered persons to provide prior written notice to their member firm before engaging in business activities outside the scope of their relationship with the firm, so the firm can evaluate and supervise those activities. Where a broker is involved in outside business (including insurance-related work), the rule is intended to help ensure the firm is aware of and can address related risks and conflicts.
Why this matters to investors (Regulation Best Interest)
Regulation Best Interest (Reg BI) is a U.S. securities regulation designed to strengthen the standard of conduct that broker-dealers owe to retail investors when making recommendations about securities transactions or investment strategies. Adopted by the U.S. Securities and Exchange Commission and effective as of June 30, 2020, Reg BI aims to enhance investor protection while preserving investor access to brokerage products and services.
Reg BI requires broker-dealers and financial advisors to act in the best interest of the retail customer at the time a recommendation is made, and not to place their own financial or other interests ahead of the customer’s. This represents a higher standard than the historical “suitability” requirement, which only required that recommendations be suitable, not necessarily optimal or conflict-free.
Reg BI is built around four key obligations:
- Disclosure Obligation – Broker-dealers must disclose material facts about the relationship and recommendations, including fees, scope of services, and conflicts of interest.
- Care Obligation – Recommendations must be made with reasonable diligence, care, and skill, considering costs, risks, and alternatives.
- Conflict of Interest Obligation – Firms must identify, disclose, and mitigate or eliminate conflicts, particularly those that create incentives to favor one product over another.
- Compliance Obligation – Firms must establish policies and procedures designed to ensure compliance with Reg BI as a whole.
Importantly, Reg BI applies at the recommendation level, not as a continuous duty like the fiduciary standard applicable to registered investment advisers. Still, it significantly narrows the gap by emphasizing cost considerations, conflict management, and investor-focused decision-making.
Overall, Regulation Best Interest seeks to promote transparency, improve the quality of investment recommendations, and reinforce trust between retail investors and broker-dealers in the U.S. securities markets.
Background information (from BrokerCheck)
Based on his BrokerCheck Report, Wayne Coleman reportedly:
- Is currently employed by and registered with MML Investors Services, LLC (registered with the firm since July 25, 2022).
- Has passed the Series 6, Securities Industry Essentials (SIE), and Series 63 exams.
- Was previously registered with Northwestern Mutual Investment Services, LLC.
Kurta Law Can Help
If you have worked with Wayne Coleman and you have concerns about his activity, Kurta Law may be able to help you evaluate potential recovery options. You may be entitled to pursue a claim through FINRA arbitration, depending on the facts of your situation and the investments involved. Contact Kurta Law at 877-600-0098 or info@kurtalawfirm.com for a free consultation.
Helpful resources: Selling Away | Securities Fraud
For nearly 20 years, Kurta Law has advocated for investors and helped hold financial professionals accountable—because investors should not have to sit quietly while alleged misconduct and securities fraud go unchecked. Start your recovery process today.