Former Roseville, California financial advisor Phillip Anderson (CRD# 814936) was recently suspended and fined in connection with alleged rule violations....
Read MoreBrian Nelson: $500K Complaint Against Emerson/Versity Advisor
Multiple investor complaints allege that Mission Viejo, California financial advisor Brian Nelson (CRD# 5065593) violated securities industry rules and regulations. Financial Industry Regulatory Authority records show that he is registered as a broker with Emerson Equity, and that he is the president of Versity Investments, formerly known as NB Private Capital.
Mr. Nelson’s BrokerCheck report discloses three investor complaints. The most recent, filed in July 2024, alleges that as a representative of Emerson Equity, he breached his fiduciary duty, violated industry rules, breached contract, acted negligently, committed elder abuse, and engaged in unjust enrichment in connection with a real estate investment. The pending complaint alleges damages of $500,000.
A second investor complaint, filed in May 2024, similarly alleges that as a representative of Emerson Equity, he violated state and federal securities laws, engaged in unlawful and fraudulent business practices, breached contract, committed common law fraud, breached his fiduciary duty, and acted negligently. The pending complaint alleges unspecified damages.
A third investor complaint, filed in 2010, alleged that as a representative of White Pacific Securities, he breached his fiduciary duty, misrepresented a real estate investment, acted negligently, and breached contract. In 2013 the complaint, from which he was dismissed, reached a settlement of $45,000.
According to the Financial Industry Regulatory Authority, Brian Nelson holds 17 years of securities industry experience. Based in Mission Viejo, California, he has been registered as a broker with Emerson Equity since 2013. His past registrations include ARI Financial Services, XNergy Financial, Dimirak Securities Corporation, NelsonReid, Steven L. Falk & Associates, and White Pacific Securities. His credentials include the passage of three securities industry qualifying exams: the General Securities Representative Examination, or Series 7; the Securities Industry Essentials Examination, or SIE; and the Uniform Securities Agent State Law Examination, or Series 63. He holds 28 state licenses. (Information current as of August 5, 2024.)
Carlson Law represents investors throughout the United States in claims against financial advisors and investment firms. If you or a loved one have suffered investment losses, please call us at 888-976-6111 or complete our contact form for a free and confidential consultation.
