Joseph Michael Cannon

FINRA has permanently barred former Northwestern Mutual Investment Services broker Joseph Michael Cannon (CRD No. 6341199) after he refused to provide testimony in an investigation into questionable transactions involving his personal and client investment accounts. Cannon, who had been registered with FINRA since 2016, was permitted to resign from Northwestern Mutual in September 2024 while under internal review for these transactions.

Following his resignation, FINRA requested on-the-record testimony from Cannon regarding the flagged transactions. Despite acknowledging the request, Cannon refused to appear, violating FINRA Rules 8210 and 2010, which mandate cooperation with regulatory investigations and adherence to high ethical standards. As a result, he has been barred from associating with any FINRA member, effectively ending his career in the securities industry.

While Cannon is no longer a registered broker, FINRA retains jurisdiction over former brokers for misconduct that occurred during their registration. Although this action removes him from the industry, it does not provide restitution for affected investors. If you invested with Cannon or Northwestern Mutual and believe you suffered financial harm, you may have legal options to recover your losses. Contact ChapmanAlbin today for a free consultation.