Erez Law is currently investigating former Northwestern Mutual Investment Services, LLC broker Joseph Cannon (CRD# 6341199) regarding unauthorized trades. He was registered with Northwestern Mutual Investment Services, LLC in Chicago, Illinois, from 2016 to 2024, when he was terminated regarding, “The Registered Representative was permitted to resign while under internal review for a series of questionable transactions associated with both his personal bank accounts and client investment accounts.”
In March 2025, FINRA barred him after he “consented to the sanction and to the entry of findings that he refused to appear for on-the-record testimony requested by FINRA in connection with its investigation of transactions in his personal bank accounts that were referenced in a Form U5 filed for him by his member firm. The findings stated that Cannon’s firm permitted him to resign while under internal review for a series of questionable transactions associated with both his personal bank accounts and client investment accounts.”
Joseph Cannon Customer Complaints
He has been the subject of one customer complaint, according to his CRD report:
November 2024. “Customers allege multiple unauthorized transfers from their accounts were made by Joseph Cannon, who was a representative on their accounts.” The customer is seeking $2,360,400 in damages, and the case is currently pending.
Pursuant to FINRA Rules, member firms are responsible for supervising a broker’s activities during the time the broker is registered with the firm. Therefore, Northwestern Mutual Investment Services, LLC may be liable for investment or other losses suffered by Joseph Cannon’s customers.
Erez Law represents investors in the United States for claims against brokers and brokerage firms for wrongdoing. If you have experienced investment losses, please call us at 888-840-1571 or complete our contact form for a free consultation. Erez Law is a nationally recognized law firm representing individuals, trusts, corporations and institutions in claims against brokerage firms, banks and insurance companies on a contingency fee basis.
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