CDP Financial’s Brian Perkins: $120K Investor Complaint

Brian Perkins (CRD# 5630932), a financial advisor based in Littleton, Colorado, recently received an investor complaint alleging multiple forms of misconduct. Financial Industry Regulatory Authority records show that he is a broker with Emerson Equity and an investment advisor with CDP Financial Group. 

Mr. Perkins’ BrokerCheck report discloses one investor complaint. Filed in July 2022, it allege that as a representative of Colorado Financial Service Corporation, he violated the Colorado Securities Act, breached his fiduciary duty, negligently misrepresented material facts relating to a corporate bond investment, breached contract, and violated FINRA Rules 2010, 2120, and 2111. The pending complaint alleges damages of $120,000.

For reference, FINRA Rule 2010 requires brokers like Mr. Perkins to “observe high standards of commercial honor and just and equitable principles of trade.” FINRA Rule 2120, meanwhile, concerns the use of commissions, mark-ups, and charges. One of FINRA’s most important standards, Rule 2111 stipulates that registered representatives “must have a reasonable basis to believe that a recommended transaction or investment strategy involving a security or securities is suitable for the customer,” based on reasonable diligence into the customer’s background and objectives.

According to the Financial Industry Regulatory Authority, Brian Perkins holds eight years of securities industry experience. Based in San Mateo, California and Littleton, Colorado, he has been a broker with Emerson Equity since 2020 and an investment advisor with CDP Financial Group since 2016. His past registrations include Colorado Financial Service Corporation (Centennial, Colorado; 2016-2020) and MCL Financial Group (Littleton, Colorado; 2009-2010). His credentials include the passage of four securities industry qualifying exams: the General Securities Representative Examination, or Series 7; the Securities Industry Essentials Examination, or SIE; the Uniform Investment Adviser Law Examination, or Series 65; and the Uniform Combined State Law Examination, or Series 66. He is licensed in Arizona, California, Colorado, Illinois, New Mexico, Pennsylvania, and Tennessee. (Information current as of December 15, 2022.)

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