Investor Seeks Six Figures in Dispute with Stephen Bush

Stephen Bush (CRD #: 1898917), a broker registered with Capital Investment Group, is the subject of a pending dispute, according to his BrokerCheck record, accessed on December 26, 2022. Investors may have also engaged his services through Capital Investment Advisory Services. Read on if you want to know more about his alleged conduct as a broker.

Investor Dispute

On November 3, 2022, an investor alleged that Stephen Bush invested him in unsuitable investment products. The client seeks $100,000 in damages in this pending dispute.

FINRA Rule 2111

FINRA Rule 2111 requires brokers to recommend securities that adequately suit an investor’s financial goals. Brokers must consider the information in an investor’s profile, such as their risk tolerance, age, and tax status when making recommendations.

• High-risk investments may be unsuitable due to their likelihood of losing money.
• Illiquid investments can be difficult to sell in the short-term and tend to incur high fees when investors attempt to sell them too soon.
• Excessive trading violates the need for quantitative suitability. This means that the overall number of trades executed must also be suitable for the client’s financial goals.
• Investment strategies are also required to be suitable for the investor. For example, the level of risk involved in overconcentration of securities in a certain sector or stock may be unsuitable for some investors.

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

Background Information

Stephen Bush 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
• Series 24 – General Securities Principal Examination

Stephen Bush is a registered broker in 12 states and a registered investment adviser in North Carolina.

He has also worked for the following firms:

• LPL Financial (CRD#:6413)
• J.C. Bradford & Company (CRD#:1287)
• PaineWebber (CRD#:8174)

Kurta Law Can Help

If you worked with Stephen Bush 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.