The Logan Group Securities Fined $70,000 By FINRA Over Reg BI And Form CRS Failures

The Logan Group Securities [CRD: 40259, Roseville, California] was sanctioned in a FINRA Letter of Acceptance, Waiver and Consent issued on July 27, 2026. The record names the firm as Logan, Kevin Christopher dba The Logan Group Securities. The AWC appears in FINRA's Disciplinary and Other FINRA Actions report for September 2026.

According to the AWC, the firm consented to the sanctions and to the entry of findings without admitting or denying them. FINRA found that the firm willfully violated Reg BI. The firm failed to establish, maintain, and enforce written policies and procedures, and a supervisory system, reasonably designed to achieve compliance with the Compliance Obligation of Reg BI.

The Logan Group Securities Reg BI Findings

The findings stated that initially the firm had no written policies and procedures, including written supervisory procedures, addressing Reg BI. The firm's later procedures provided only general information. They did not describe how to prevent, detect, or promptly correct violations of Reg BI, or how to otherwise achieve compliance with it.

According to the findings, the procedures were not reasonably designed to consistently obtain and analyze enough customer information. The firm needed that information to have a reasonable basis to believe that recommended variable annuity purchases or exchanges were in the best interest of the particular retail customer. As a result, the firm failed to collect and consider customer profile information in connection with certain recommended deferred variable annuity purchases or exchanges.

Form CRS Findings

FINRA found that the firm willfully violated Section 17(a)(1) of the Exchange Act and Exchange Act Rule 17a-14 by violating Form Customer Relationship Summary requirements. The firm also failed to establish and maintain a supervisory system reasonably designed to comply with Form CRS. The firm was required to file a Form CRS with the Securities and Exchange Commission by June 30, 2020. It first filed its Form CRS in October 2020 and did not deliver Form CRS to its retail investors until September 2021.

The findings stated that the firm's Form CRS omitted required information. Despite the firm's disciplinary history, including an AWC with FINRA, its Form CRS stated that neither the firm nor anyone in the firm had any legal or disciplinary history. The firm did not update its Form CRS to disclose that history until July 14, 2023. Its procedures also did not describe how the firm should supervise the preparation, filing, delivery, and updating of its Form CRS.

Prior Matter And Sanctions Imposed

BrokerCheck shows an earlier regulatory matter dated March 17, 2021. In that matter, the firm consented to findings without admitting or denying them, per the disclosure. The findings concerned written supervisory procedures for investment recommendations of multi share class variable annuities.

FINRA also found that the firm failed to reasonably supervise recommendations of deferred variable annuity purchases and exchanges. In the July 27, 2026 AWC, the firm was censured, fined $70,000, and required to comply with the undertaking enumerated in the AWC.

What Regulation Best Interest Requires

Regulation Best Interest is an SEC rule, in effect since June 2020, that requires a broker dealer making a recommendation to a retail customer to act in the customer's best interest at the time of the recommendation, without placing the financial or other interest of the firm or its representative ahead of the customer's.

Questions About An Account Handled By The Logan Group Securities?

FINRA member firms are responsible for supervising the activities of their registered representatives. If you have questions about an account handled by The Logan Group Securities, you can contact Soreide Law Group at (888) 760-6552 or online to speak with a securities attorney. Our securities lawyers handle FINRA arbitration claims on a contingency fee basis. Learn how FINRA arbitration works.

Sources

• FINRA, Disciplinary and Other FINRA Actions, September 2026, page 4
• FINRA BrokerCheck report for Logan, Kevin Christopher dba The Logan Group Securities (CRD 40259)

This post summarizes public records published by FINRA, including BrokerCheck, as of September 28, 2026. Findings in a FINRA Letter of Acceptance, Waiver and Consent are made in a settlement in which the respondent neither admits nor denies them. The records may be updated or corrected after this date.