Former Chicago, Illinois financial advisor Joseph Cannon (CRD# 6341199) was recently sanctioned and barred in connection with alleged rule violations....
Read MoreSteve Bransburg: Gradient Advisor Fired by AllState
Conroe, Texas financial advisor Steve Bransburg (CRD# 1003470) was recently terminated by a former member firm in connection with alleged rule violations. Financial Industry Regulatory Authority records show that the former AllState Financial Services representative is currently registered as a broker with Gradient Securities.
Mr. Bransburg’s BrokerCheck report discloses his termination from AllState Financial Services. Filed in November 2024, it states that the firm fired him in connection with allegations that he submitted annuity transactions directly to insurance companies “after the recommendations were rejected by the firm’s suitability and best interest review process.
A second disclosure on his BrokerCheck report concerns an investor complaint against him. Filed in 1998, it alleged that as a Prudential representative, he misrepresented a variable universal life insurance policy. The complaint reached a settlement of $2,400.
Gradient Securities’ website includes a page describing the firm’s philosophy and commitment to its clients. “When your objective is establishing and achieving important financial milestones, like retirement planning, you need a partner to scout ahead and prepare the map for you,” it explains. “Whatever your destination, whatever your preferred method of travel, our representatives can provide a detailed plan on how to get there.”
According to the Financial Industry Regulatory Authority, Steve Bransburg holds 42 years of securities industry experience. Based in Conroe, Texas, he has been registered as a broker with Gradient Securities since January 2025. His past registrations include AllState Financial Services (2010-2024 and 2004-2007), MetLife Securities (2007-2010), NYLife Securities (2002-2004), Pruco Securities (1982-2002), and the Prudential Insurance Company of America (1982-1993). His credentials include the passage of three securities industry qualifying exams: the Securities Industry Essentials Examination, or SIE; the Investment Company Products/Variable Contracts Representative Examination, or Series 6; and the Uniform Securities Agent State Law Examination, or Series 63. (Information current as of February 17, 2025.)
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