The Logan Group Securities [CRD: 40259, Roseville, California] was censured and fined $70,000 in a FINRA disciplinary action, according to FINRA's Disciplinary and Other FINRA Actions report for September 2026. FINRA found that the firm, listed in the report as Logan, Kevin Christopher dba The Logan Group Securities, willfully violated Reg BI and Form CRS requirements. The firm consented to the sanctions and to the entry of findings without admitting or denying them, according to the Letter of Acceptance, Waiver and Consent (AWC) issued July 27, 2026.
FINRA Fines The Logan Group Securities $70,000 For Reg BI Violations
According to the AWC, The Logan Group willfully violated Reg BI by failing 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. FINRA found that the firm initially had no written policies and procedures, including WSPs, addressing Reg BI at all.
The findings stated that the firm's WSPs were later updated but provided only general information and did not describe how to prevent, detect, or promptly correct violations of Reg BI. FINRA also found that the WSPs were not reasonably designed to consistently obtain and analyze enough customer information to have a reasonable basis to believe that recommendations to purchase or exchange variable annuities were in the best interest of the particular retail customer. As a result, FINRA found that the firm failed to collect and consider customer profile information in connection with certain recommended deferred variable annuity purchases or exchanges.
Form CRS Failures At The Logan Group Securities
FINRA also 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 (CRS) requirements and failing to establish and maintain a supervisory system reasonably designed to comply with Form CRS. According to the findings, the firm was required to file a Form CRS with the SEC by June 30, 2020, but did not first file it until October 2020, and did not deliver it to 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. FINRA found that the firm did not update its Form CRS to disclose its disciplinary history until July 14, 2023. The findings also stated that the firm's Form CRS WSPs did not include procedures describing how the firm should supervise the preparation, filing, delivery, and updating of its Form CRS. The firm later updated its WSPs to include these procedures.
Supervision Of Variable Annuity Recommendations
FINRA's findings also included that the firm failed to reasonably supervise recommendations of deferred variable annuity purchases and exchanges. According to the AWC, the firm adopted WSPs requiring registered representatives to use a client account form to document disclosure and suitability determinations for recommendations to purchase or exchange deferred variable annuities. FINRA found that the form did not detail features of the recommended deferred variable annuities.
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Questions About An Account Handled By The Logan Group Securities?
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This post summarizes public records published by FINRA, including BrokerCheck, as of September 25, 2026. Allegations in customer complaints and arbitrations are claims, not findings, and a settlement is not an admission of wrongdoing. The records may be updated or corrected after this date.
