According to FINRA’s Disciplinary and Other FINRA Actions publication, Brian Kenneth Edwards (CRD #6011762) was fined $5,000 and suspended by FINRA for fourteen (14) months for violating Michigan law and his member firm policies by allegedly permitting his insurance agency to enter into a client referral relationship with an individual who was not licensed to sell insurance. FINRA further alleged that Edwards created circumstances which allowed the unlicensed individual to misappropriate over $6,900 in funds from customers that were intended to pay insurance premiums. Despite discovering such misconduct, FINRA alleged that Edwards failed to report the misconduct to the insurance affiliate, and did not terminate his agency’s relationship with the individual until one (1) month later. (See FINRA AWC No. 2013037999901)
According to FINRA’s Broker Check, Brian Kenneth Edwards is not currently licensed to act as a broker or as an investment adviser. Edwards has been registered in the securities industry for one (1) year with the following firm(s):
STATE FARM VP MANAGEMENT CORP.
CRD #43046
BLOOMINGTON, IL
01/2012 – 08/2013
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