Investors Seek $1.5 Million in Damages in Dispute with Sean Righter

Sean Righter (CRD #: 5419832), a broker registered with Morgan Stanley, is involved in a pending dispute, according to his BrokerCheck record, accessed on March 14, 2023. If you have questions about his alleged conduct as a broker, keep reading.

Investor Dispute

On February 10, 2023, multiple investors filed a dispute alleging that Sean Righter failed to manage their accounts in their best interests from 2018-2022. They seek $1.5 million in damages in this pending dispute.

FINRA Rule 2111

FINRA Rule 2111 defines suitable investments as those that adequately fit an investor’s profile, which contains information about their age, tax status, and financial goals.

Suitability also applies to investment strategies. For example, overconcentration comes with a level of risk beyond what is appropriate for many investors’ financial goals, and excessive trading can severely reduce investors’ returns by generating high fees and commissions.

Investors who rely on brokers for recommendations may be able to recover their losses through FINRA arbitration.

Regulation Best Interest

Regulation Best Interest (Reg-BI) is an SEC regulation that requires brokerage firms to put their clients’ best interests first. For example, firms must conduct reasonable due diligence when researching investments to ensure their recommendations are suitable for the investor.

Background Information

Sean Righter has passed the following exams:

• Series 65 – Uniform Investment Adviser Law Examination
• Series 63 – Uniform Securities Agent State Law Examination
• SIE – Securities Industry Essentials Examination
• Series 7 – General Securities Representative Examination

Sean Righter is a registered broker in 25 states and a registered investment adviser in California and Texas.

He previously worked for Citigroup Global Markets (CRD#:7059).

Kurta Law Can Help

If you worked with Sean Righter 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.