When communicating online or investing with any professional, make sure you know who you’re dealing with. Imposters might link to sites like BrokerCheck from phishing or similar scam websites, or through social media , trying to steal your personal information or your money. Please contact FINRA with any concerns.
NASD RULES 2110, 3040: NELSON PARTICIPATED IN SECURITIES TRANSACTIONS, INVOLVING THE PURCHASING OF COMMERCIAL AND RESIDENTIAL RENTAL PROPERTIES, THROUGH INVESTING AND LOANING OF INVESTORS' FUNDS IN COMPANIES HE CONTROLLED. NELSON DID NOT GIVE PRIOR WRITTEN NOTICE TO, OR RECEIVE ANY WRITTEN APPROVAL FROM THE FIRM WHEN THE INVESTORS INVESTED THE FUNDS WITH HIM. NELSON COMPLETED HIS MEMBER FIRM'S COMPLIANCE QUESTIONNAIRES AND IN RESPONSE TO THE QUESTION "I HAVE ONLY OFFERED FOR SALE SECURITIES AND NON-SECURITIES INVESTMENTS, WHICH AT SUCH TIME WERE AUTHORIZED BY THE FIRM IN WRITING," NELSON FALSELY ANSWERED "YES."
Resolution
Acceptance, Waiver & Consent(AWC)
Sanctions
Civil and Administrative Penalty(ies)/Fine(s)
Amount
$5,000.00
Sanctions
Suspension
Registration Capacities Affected
ALL CAPACITIES
Duration
ONE YEAR
Start Date
4/19/2010
End Date
4/18/2011
Sanctions
Undertaking
Regulator Statement
WITHOUT ADMITTING OR DENYING THE FINDINGS, NELSON CONSENTED TO THE DESCRIBED SANCTIONS AND TO THE ENTRY OF FINDINGS; THEREFORE, HE IS FINED $5,000 AND SUSPENDED FROM ASSOCIATION WITH ANY FINRA MEMBER IN ANY CAPACITY FOR ONE YEAR. THE FINE IS DUE AND PAYABLE EITHER IMMEDIATELY UPON RE-ASSOCIATION WITH A MEMBER FIRM FOLLOWING HIS SUSPENSION OR PRIOR TO ANY REQUEST FOR RELIEF FROM ANY STATUTORY DISQUALIFICATION RESULTING FROM THIS OR ANY OTHER EVENT OR PROCEEDING, WHICHEVER IS EARLIER. NELSON REPRESENTS THAT HE IS CURRENTLY IN FULL COMPLIANCE WITH THE TERMS OF THE AUGUST 13, 2009 AGREEMENT WITH THE MISSOURI ATTORNEY GENERAL'S OFFICE. NELSON SHALL PROVIDE PROOF THAT HE IS IN FULL COMPLIANCE WITH ANY CURRENT AGREEMENT HE HAS ENTERED INTO WITH THE MISSOURI ATTORNEY GENERAL'S OFFICE EITHER PRIOR TO REASSOCIATION WITH A MEMBER FIRM OR PRIOR TO ANY APPLICATION OR REQUEST FOR RELIEF FROM ANY STATUTORY DISQUALIFICATION RESULTING FROM THIS OR ANY OTHER EVENT OR PROCEEDING, WHICHEVER IS EARLIER. THE SUSPENSION IS IN EFFECT FROM APRIL 19, 2010, THROUGH APRIL 18, 2011.
8/5/2009
Regulatory
Final
Initiated By
MISSOURI
Allegations
THE ENFORCEMENT SECTION OF THE SECURITIES DIVISION OF THE OFFICE OF SECRETARY OF STATE ALLEGES THAT MAX SEAN NELSON VIOLATED SECTIONS 409.5-501(2) AND 405.5-502(A)(2) OF THE MISSOURI SECURITIES ACT OF 2003.
Resolution
Consent
Sanctions
Civil and Administrative Penalty(ies)/Fine(s)
Amount
$3,000.00
Sanctions
Suspension
Registration Capacities Affected
INVESTMENT ADVISER REPRESENTATIVE
Duration
1 YEAR
Start Date
8/5/2009
End Date
8/5/2010
Sanctions
RESPONDENT SHALL COMPLY WITH THE COMPLAINT RESOLUTION ENTERED ON MARCH 20, 2009 WITH THE ATTORNEY GENERAL OF MISSOURI AND ANY VIOLATION OF THIS RESOLUTION WILL CONSTITUTE A VIOLATION OF THIS CONSENT ORDER. RESPONDENT'S REGISTRATION AS AN INVESTMENT ADVISER REPRESENTATIVE SHALL BE SUSPENDED FOR 1 YEAR BEGINNING THE EFFECTIVE DATE OF THIS ORDER. RESPONDENT SHALL PAY $3,000 TO THE MISSOURI SECRETARY OF STATE'S INVESTOR EDUCATION AND PROTECTION FUND. RESPONDENT SHALL PAY HIS OWN COSTS AND ATTORNEYS FEES WITH RESPECT TO THIS MATTER.
Disclosures can be customer complaints or arbitrations, regulatory actions, employment terminations, bankruptcy filings and certain civil or criminal proceedings that they were a part of.
Loading...
Disclosures can be customer complaints or arbitrations, regulatory actions, employment terminations, bankruptcy filings and certain civil or criminal proceedings that they were a part of.