Background Of Travis R. Nelson
Nelson first associated with a FINRA member firm in January 2012 and registered with
FINRA as a General Securities Representative (GSR) in February 2012. In June 2012,
Nelson associated with Charles Schwab & Co., Inc. and registered with FINRA as a
GSR. In June 2019, Schwab terminated Nelson’s registration with FINRA. Nelson has
not been registered or associated with any other FINRA member since June 2019.
Although Nelson is not currently associated or registered with a FINRA member firm,
FINRA retains jurisdiction over him pursuant to Article V, Section 4 of FINRA’s ByLaws.
Activity(s) Reported – Travis R. Nelson
This matter originated from a Form U5 filing by Schwab disclosing that Nelson had
created a letter and signed a customer’s signature without the customer’s authorization
Signing Customer Signature on a Firm Document
FINRA Rule 2010 provides that associated persons, in the conduct of their business, shall
observe high standards of commercial honor and just and equitable principles of trade. A
registered representative who signs a customer’s signature without the customer’s
authorization violates FINRA Rule 2010.
In April 2019, in an attempt to effect higher value transfers requested by a customer,
Nelson created a letter requesting an increased fund transfer limit, in accordance with
Schwab procedure. However, Nelson signed the customer’s signature on the letter
without the customer’s authorization and submitted it to Schwab. As a result, Nelson
violated FINRA Rule 2010.
Providing False Statement in Response to FINRA Staff
FINRA Rule 8210 requires member firms and associated persons to provide information
requested by FINRA during the course of an investigation. Inherent in the obligation to
provide information to FINRA is the obligation to provide truthful and accurate
information. Intentionally providing false or misleading information to FINRA Staff in
response to a FINRA Rule 8210 request violates FINRA Rules 8210 and 2010.
In the course of FINRA’s investigation regarding Nelson’s alleged signing of a
customer’s signature, Nelson provided false statements regarding his conduct in August
2019 and January 2020 responses to FINRA Rule 8210 requests. Nelson subsequently
recanted his false statements in a declaration provided to FINRA in September 2020.
Therefore, Nelson violated FINRA Rules FINRA Rules 8210 and 2010.
Penalties And Sanctions
a 19-month suspension from associating with any FINRA member in any capacity; and a $10,000 fine
Respondent understands that if he is barred or suspended from associating with any
FINRA member, he becomes subject to a statutory disqualification as that term is defined
in Article III, Section 4 of FINRA’s By-Laws, incorporating Section 3(a)(39) of the
Securities Exchange Act of 1934. Accordingly, he may not be associated with any
FINRA member in any capacity, including clerical or ministerial functions, during the
period of the bar or suspension. See FINRA Rules 8310 and 8311.
The fine shall be due and payable either immediately upon reassociation with a member
firm or prior to any application or request for relief from any statutory disqualification
resulting from this or any other event or proceeding, whichever is earlier.
Respondent specifically and voluntarily waives any right to claim an inability to pay, now
or at any time after the execution of this AWC, the monetary sanction imposed in this
Recent Activity(s)Of The Individual/Firm
In April 2019, Nelson signed a customer’s signature without the customer’s authorization
on a letter Nelson drafted to request an increased fund transfer limit for the customer, in
violation of FINRA Rule 2010. When FINRA investigated Nelson’s conduct, he provided
false statements to FINRA Staff in responses to FINRA Rule 8210 requests. As a result,
Nelson violated FINRA Rules 8210 and 2010.
How To Spot A Fraud Finance Advisor (Infographic)
Help For Victims Of Travis R. Nelson
If you have lost funds because of misrepresentation, unsuitable investment, or unsuitable investment strategy from Travis R. Nelson. Then you can take legal action and get justice. Fraud, Malpractice & dereliction of duty should not be taken lightly, especially in this industry. We highly suggest that you notify authorities or seek legal action if your financial advisor or brokerage firm fails to abide by FINRA’s rules are regulations.
Financial advisors are regulatory & legally obligated to suggest (recommend) the most suitable investments/investment strategies to their clients. Their suggestions should have their client’s best interests and should be appropriate for their client’s goals and needs. Similarly, the brokerage firm which hires financial advisors also has a regulatory & legal obligation to keep a close watch and supervise their Financial Advisors’ practices & behavior. They need to make sure that the financial advisor is not being manipulative or having an unreasonable bias towards certain investments. If the financial advisor and/or the brokerage firm breaches these duties, then the client/customer may be entitled to a full or partial recovery of their losses.
Financial advisors need to have the interest of their clients when giving suggestions related to investments and investment strategies. Reasonable basis suitability requires the advisor to do their best to analyze & identify the risks and rewards associated with their suggested investment and/or investment strategy.
Travis R. Nelson has been involved in fraudulent activities and is an unsafe professional entity. We strongly recommend you avoid any association with such a shady figure.
- Shady Activity
- Swindling Activity Reported By Clients
- Under Govt. Organization's Radar
- High Risk of Fraud