Nex Systems
Type not stated

Brian Moran

Regulator action

United States. Named in 1 sanctions listing.

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Sanctions and listings1

  • Official designation

    Financial Industry Regulatory AuthorityUS FINRA Enforcement ActionsUnited States

    10/09/2025: Moran, as FinOp for StartEngine, allowed the firm to conduct a securities business while failing to maintain its minimum required net capital and failed to file timely notifications of the firm 's net capital deficiencies between August 2021 and December 2021. Moran also caused the firm to inaccurately calculate its customer reserve amounts and not maintain a sufficient balance in its customer reserve account between April 8, 2022 and July 22, 2022. During these time periods, Moran additionally prepared and caused the firm to file three inaccurate FOCUS reports of the firm's net capital and two inaccurate FOCUS reports of the firm's customer reserves. Consequently, Moran violated FINRA Rules 41 l0(b), 4511, and 2010. Moran is suspended for three months as a FinOP, required to requaulify by examination before he can act as a FinOP, and fined $10,000.

    Reference 2022073912801finra.orgdata-portal.finra.org

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