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Read MoreBrian Nelson: $180K REIT Complaint Against StoneX Advisor
A recent investor complaint against Youngstown, Ohio financial advisor Brian Nelson (CRD# 3026585) alleges that his conduct resulted in six-figure damages. Financial Industry Regulatory Authority records show that he is registered as a broker and an investment advisor with StoneX Securities and StoneX Advisors, respectively.
Mr. Nelson’s BrokerCheck report discloses one recent investor complaint. Filed in August 2024, it alleges that as a representative of StoneX Securities and WRP Investments, he sold “high-commission, complex, risky alternative investment and illiquid investment products,” including variable annuity and non-traded REIT products, that resulted in losses. The pending complaint alleges damages of $180,000.
Other disclosures on Mr. Nelson’s BrokerCheck report concern regulatory sanctions against him. In 2001, the National Association of Securities Dealers suspended him in connection with allegations that he made negligent misrepresentations in connection with the sale of shares of IPOs. In 2002, the state of Illinois revoked his registration in connection with the NASD sanction.
According to the Financial Industry Regulatory Authority, Brian Nelson holds 26 years of securities industry experience. Based in Youngstown, Ohio, he has been registered as a broker with StoneX Securities since 2014 and an investment advisor and StoneX Advisors since 2015. His past registrations include Sterne Agee Investment Advisor Services (Youngstown, Ohio; 2001-2015), WRP Investments (Youngstown, Ohio; 2001-2014), IAR Securities Corporation (New York, New York; 2000-2001), AC Financial (Palm Harbor, Florida; 1999-2000), and Fairchild Financial Group (New York, New York; 1998-1999). His credentials include the passage of four securities industry qualifying exams: the General Securities Principal Examination, or Series 24; 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 26 state licenses. (Information current as of September 29, 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.
