Curtis Arthur Borden (CRD #3013302) Has a Regulatory Disclosure on FINRA BrokerCheck

Curtis Arthur Borden (CRD #3013302) was previously registered as a broker and has a regulatory disclosure on FINRA BrokerCheck. We reviewed his BrokerCheck report on February 25, 2026. It reflects one regulatory event. If you invested with Curtis Borden and have concerns, keep reading.

BrokerCheck link: BrokerCheck

BrokerCheck report: BrokerCheck Report (PDF)

Regulatory Action(s)

Curtis Arthur Borden’s FINRA BrokerCheck Report reflects one regulatory event disclosure. A summary of the event is below:

On November 6, 2025, the Pennsylvania Department of Banking and Securities issued a consent agreement and order involving Borden Portfolio Management and Curtis Borden. The order stated that from about April 2025 through October 2025, Borden Portfolio Management received compensation while transacting business in Pennsylvania as an investment adviser. During that period, the firm was neither registered nor exempt from registration. FINRA BrokerCheck reports an $8,000 administrative assessment. It states that Borden Portfolio Management and Curtis Borden are jointly and severally liable for payment. The assessment is payable in 24 equal monthly installments. Borden’s statement says the issue was an administrative oversight after moving from Georgia to Pennsylvania.

Rule Summary #1: FINRA Rule 3270 (Outside Business Activities of Registered Persons)

FINRA Rule 3270 requires a registered person to give prior written notice to their firm before engaging in a compensated outside business activity. It helps firms review conflicts and decide whether the activity should be limited or supervised.

Rule Summary #2: FINRA Rule 2010 (Standards of Commercial Honor and Principles of Trade)

FINRA Rule 2010 is a broad ethics rule. Regulatory findings and customer complaints often reference whether conduct met basic standards of fairness and integrity.

Why This Matters to Investors (Regulation Best Interest)

Regulation Best Interest (Reg BI) is a U.S. securities regulation. It strengthens the standard of conduct that broker-dealers owe to retail investors. It applies when they recommend securities transactions or investment strategies. The U.S. Securities and Exchange Commission adopted Reg BI. It became effective on June 30, 2020. Reg BI aims to protect investors while preserving access to brokerage products and services.

Reg BI requires broker-dealers and financial advisors to act in a retail customer’s best interest at the time of a recommendation. They must not place their own financial or other interests ahead of the customer’s. This standard is higher than the older “suitability” rule. Suitability meant a recommendation only had to be appropriate. It did not have to be the best option or free of conflicts.

Reg BI has four key obligations:

Disclosure Obligation – Broker-dealers must disclose material facts about the relationship and the recommendation. This includes fees, the scope of services, and conflicts of interest.

Care Obligation – Broker-dealers must use reasonable diligence, care, and skill. They must consider costs, risks, and alternatives when making a recommendation.

Conflict of Interest Obligation – Firms must identify conflicts of interest. They must disclose them and mitigate or eliminate them. This includes conflicts that create incentives to favor one product over another.

Compliance Obligation – Firms must maintain policies and procedures. Those policies should be designed to ensure compliance with Reg BI as a whole.

Reg BI applies to each recommendation. It is not a continuous duty like the fiduciary standard for registered investment advisers. Even so, it narrows the gap. It puts more focus on costs, conflicts, and investor-focused decision-making.

Overall, Regulation Best Interest promotes transparency. It also aims to improve the quality of investment recommendations. It is designed to reinforce trust between retail investors and broker-dealers in the U.S. securities markets.

Background Information (from BrokerCheck)

Based on His FINRA BrokerCheck report, Curtis Arthur Borden:

Is not currently registered as a broker.

Has passed Series 7 and Series 66.

Was previously registered with Northeast Securities, Inc. from May 1998 to November 1999.

Reports employment as Owner/Sole Proprietor of Borden Portfolio Management since December 1999.

Kurta Law Can Help

If you have worked with Curtis Borden and you have concerns about his activity, Kurta Law may be able to help you evaluate your legal options. To speak with Kurta Law, call 877-600-0098 or email info@kurtalawfirm.com.

Helpful resources: Securities Attorney | Security Fraud

For nearly 20 years, Kurta Law has advocated for investors and helped hold financial professionals accountable. Our firm represents clients nationwide in securities arbitration and related disputes. If you believe a broker or firm mishandled your account, an attorney can review the facts and explain possible next steps.