Brett Rutherford – Capital Investment Group- Barred after Allegations
According to public records on February 28th, 2025, Financial Industry Regulatory Authority (FINRA), the securities regulator, has barred financial advisor Brett Rutherford (CRD#: 4001310) from working as a broker. Rutherford allegedly failed to provide documents and information requested by FINRA in connection with its investigation into the circumstances giving rise to a customer arbitration.
According to his broker record, Rutherford has two recent complaints filed against him are in connection with an alleged purchase of GWG L-Bonds by the clients. GWG Holdings, Inc. filed Chapter 11 bankruptcy on April 20, 2022. Relative to specific investments made by clients, claims include violations of breach of fiduciary duty, negligence and negligent misrepresentation, breach of contract, failure to supervise and, negligence – violations of Regulation Best Interest.
FINRA BrokerCheck: Brett Rutherford
The FINRA BrokerCheck tool is a free online tool that allows investors to research and verify the background and credentials of financial brokers, brokerage firms, and investment advisors registered with FINRA.
Brett Rutherford reportedly has five customer complaints on his broker record. Allegations include breach of fiduciary of duty, negligence, negligent misrepresentation, negligent supervision, breach of contract, and fraud and deceit, among others.
Rutherford was reportedly registered with the following firms among others:
09/18/2015 – 12/06/2024 CAPITAL INVESTMENT GROUP, INC. (CRD#:14752) MOREHEAD CITY, NC
09/15/2011 – 09/18/2015 CAPE FEAR SECURITIES, INC. (CRD#:156359) MOOREHEAD, NC
Red Flags and Failure to Supervise
When financial advisors engage in unethical or fraudulent practices, such as misrepresenting investments, unauthorized trading, or misusing client funds they can be held responsible for investment losses. FINRA-registered broker-dealers have a duty to supervise their brokers to prevent such misconduct. If the firm fails to supervise its brokers properly, it can be held liable through FINRA arbitration.
Class Action Lawsuit vs. Individual FINRA Arbitration Lawsuit
You may wonder whether a large class action lawsuit is a better litigation option than an individual FINRA arbitration case. The answer depends on many factors, but typically if the loss sustained is large (say larger than $100,000), an individual arbitration claim is likely a better option. Class actions as a recovery option are more appropriate for grouping large numbers of individuals who have small claims – too small to generally pursue individually.
FINRA Lawsuits
If you have suffered investment losses with Brett Rutherford, the securities attorneys at the White Law Group may be able to help you by filing a FINRA lawsuit. Please call our offices at (888) 637-5510 for a free consultation. We take cases in all 50 states including North Carolina.
National Securities Attorneys
The White Law Group, LLC is a national law firm in securities fraud, securities arbitration, investor protection, and securities regulation and compliance. With offices in Chicago, Illinois and Seattle, Washington, the firm is dedicated to assisting investors across all 50 states with claims against their brokerage firms. Since its founding in 2010, The White Law Group has handled over 800 FINRA arbitration cases.
Last modified: April 9, 2025
