Financial Advisor Brian Court Suspended by FINRA

• June 26, 2025
• Aegis Capital Corp

Brian Kenneth Court (CRD#: 2591547) was a previously registered broker.

Broker’s History

He entered the securities industry in 1995 and previously worked with Royce Investment Group, Inc.; Investec Ernst & Company; Gunnallen Financial, Inc.; J.P Turner & Company, LLC; and Aegis Capital Corp.

Brian Court

According to publicly available records released by the Financial Industry Regulatory Authority (FINRA), in May of 2025, without admitting or denying the findings, Court consented to the sanction and to the entry of findings that he exercised discretion without written authorization in connection with trades in 10 customers’ accounts. The findings stated that although the customers understood that Court was placing trades in their accounts, none had given him prior written authorization to exercise discretion in their accounts and Court’s member firm did not accept any of the customers’ accounts as discretionary.

As a result, Respondent also consented to the imposition of the following sanctions:

• A one-month suspension from associating with any FINRA member in all capacities.

For a copy of the FINRA Disciplinary Action Details, click here.

In addition, Brian Court has been the subject of eight other FINRA disclosures:

• November 2023—“ Time frame: 2016 – 2022. Claimants allege negligence, failure to conduct adequate due diligence, excessive trading, unauthorized trading, misrepresentation and omission of material facts, breach of fiduciary duty.” The damage amount requested was $100,000 and the customer dispute settled for $40,000.
• November 2023—“ Time frame: 2015 – present. Claimants allege unsuitable recommendation, overconcentration and, misrepresentation and omissions.” The customer dispute settled for $150,000.
• March 2023—“Bankruptcy.”
• July 2021—“ Time frame: May 2014 – March 2021. Claimant alleges unsuitability, churning, breach of fiduciary duty and, negligence.” The damage amount requested was $110,000.00 and the customer dispute settled for $34,500.00
• February 2017—“ TIME FRAME: JUNE 2015 – NOVEMBER 2016. CLIENT ALLEGES UNAUTHORIZED TRADING, UNSUITABLE TRANSACTIONS, AND CHURNING.” The damage amount requested was $65,451.00 and the customer dispute settled for $35,000.00.
• April 2011—“ MISREPRESENTATION AND UNSUITABLE INVESTMENT.” The customer dispute was closed-no action.
• January 2010—“ CLAIMANT ALLEGES UNAUTHORIZED TRADING, UNSUITABLE INVESTMENT PURCHASES, AND CHURNING.” The damage amount requested was $690,381.00 and the customer dispute settled for $67,000.00
• August 2009—“ CUSTOMER ALLEGES FAILURE TO FOLLOW INSTRUCTION TO SELL ACCENTIA.” The customer dispute was closed-no action.

For a copy of Brian Court’s FINRA BrokerCheck, click here.

We Help Investors Recover Investment Losses

FINRA regulations require that a customer’s written authorization is required before a broker-dealer can carry out transactions in the customer’s account. In addition, the broker-dealer’s member firm needs to approve the broker-dealer’s authorization. These measures are intended to protect the customer. Discretionary trading allows the broker-dealer to unilaterally decide to buy or sell securities at any price and not have to check with the client first. Exercising discretion without authorization can be costly to investors, and broker-dealers and their member firms, too.

In addition, to the extent a Financial Advisor converts client assets during the course and scope of his employment and/or registration with the brokerage firm, that brokerage firm may be held liable for any attendant losses.

The Wolper Law Firm represents investors nationwide in securities litigation and arbitration on a contingency fee basis. Matt Wolper, the Managing Principal of the Wolper Law Firm, is a trial lawyer who has handled hundreds of securities cases during his career involving a wide range of products, strategies and securities. Prior to representing investors, he was a partner with a national law firm, where he represented some of the largest banks and brokerage firms in the world in securities matters. We can be reached at (800) 931-8452 or by email at mwolper@wolperlawfirm.com.