Brian Kenneth Edwards (CRD #6011762, Warren, Michigan)
was assessed a deferred fine of $5,000 and suspended by FINRA for 14 months for allegedly permitting his insurance agency to enter into a client referral relationship with an individual who was unlicensed to sell insurance. This violated Michigan law and the policies of Edwards’ member firm and allowed an unlicensed individual to misappropriate over $6,900 from the insurance affiliate’s clients that were intended to pay insurance premiums.
FINRA’s findings stated that despite discovering the individual’s misconduct, Edwards failed to report it to the insurance affiliate, and did not terminate his agency’s relationship with this individual until a month later.
Edwards’ suspension is in effect from June 1, 2015, through July 31, 2016.
(FINRA Case #2013037999901)
Brian Kenneth Edwards was previously registered with the following firm:
01/2012 – 08/2013 STATE FARM VP MANAGEMENT CORP. (CRD# 43036) – BLOOMINGTON, IL
The summation from FINRA’s July 2015 Disciplinary Report ends here.
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