Investor Alleges Curtis Wilson’s Options Strategy Led to Losses
Curtis Wilson (CRD #: 1517272), a broker formerly registered with Securities America, allegedly executed an unsuitable investment strategy, according to his BrokerCheck record, accessed on June 2, 2023. If you have questions about his alleged conduct as a broker, read on.
Investor Dispute
On March 2, 2023, an investor alleged that Curtis Wilson executed an unsuitable option-based trading strategy that resulted in losses. They further alleged that Curtis Wilson failed to adequately disclose the risks associated with options trading.
The client seeks $484,905.26 in damages in this pending dispute.
FINRA Rule 2111
FINRA Rule 2111 requires that brokers tailor their investment recommendations to an investor’s profile, which describes characteristics such as their tax status, age, and risk tolerance.
Investment strategies must also meet the requirements of suitability. For example, overconcentration is a strategy that can increase the risk for an investor beyond what is appropriate for their financial goals.
Investors who rely on their broker for recommendations may be able to recoup their losses through FINRA arbitration.
FINRA Rule 2020
FINRA Rule 2020 bans the use of deception, manipulation, and other fraudulent means of influencing investors’ decisions. Misrepresenting or omitting information about an investment’s risks, requirements, or other features violates this rule.
Background Information
Curtis Wilson has passed the following exams:
- Series 63 – Uniform Securities Agent State Law Examination
- Series 65 – Uniform Investment Adviser Law Examination
- SIE – Securities Industry Essentials Examination
- Series 7 – General Securities Representative Examination
- Series 31 – Futures Managed Funds Examination
He previously worked for the following firms:
- Securities America (CRD#:10205)
- LPL Financial (CRD#:6413)
- Geneos Wealth Management (CRD#:120894)
- Merrill Lynch, Pierce, Fenner & Smith (CRD#:7691)
- Dean Witter Reynolds (CRD#:7556)
- Stifel, Nicolaus & Company (CRD#:793)
Kurta Law Can Help
If you worked with Curtis Wilson and you have concerns about your investments, please contact us today at 877-600-0098 or info@kurtalawfirm.com for a free consultation.
For over 20 years, Kurta Law has advocated on behalf of investors who want to recover their investment losses from brokers and brokerage firms. Kurta Law is a nationally recognized law firm and exclusively represents investors against brokers and brokerage firms on a contingency basis. This means that the firm only earns a fee if our securities attorneys recover money on your behalf.