Investor Seeks $13 Million in Suitability Dispute with Stephen Coma

Stephen Coma (CRD #: 1414147), a broker registered with Hilltop Securities, allegedly misrepresented a bond offering, according to his BrokerCheck record, accessed on September 10, 2022. Keep reading to learn more about his conduct as a broker.

Investor Dispute

In a dispute filed on June 8, 2022, a client alleged that Stephen Coma violated suitability and made misrepresentations and omissions with regard to a bond offering connected to the sale of the client’s assets. The client seeks $13 million in damages in this pending dispute.

FINRA Rule 2111

FINRA Rule 2111 requires brokers to take into account investors’ financial goals when giving investment recommendations. Brokers must consider the information contained in an investor’s profile, such as their age, risk tolerance, and tax status.

Investors who rely on brokers for investment recommendations can seek out FINRA arbitration and potentially recover their losses.

FINRA Rule 2020

FINRA Rule 2020 bans the use of deception, manipulation, and other unethical means of influencing the purchase and sale of securities. Misrepresenting or omitting information related to investments violates this rule.

Background Information

Stephen Coma has passed the following exams:

• Series 63 – Uniform Securities Agent State Law Examination
• SIE – Securities Industry Essentials Examination
• Series 50 – Municipal Advisor Representative Qualification Exam
• Series 7 – General Securities Representative Examination
• Series 24 – General Securities Principal Examination
• Series 53 – Municipal Securities Principal Examination

Stephen Coma is a registered broker in all 50 states, the District of Columbia, Puerto Rico, and the Virgin Islands.

He has also worked for the following firms:

• Truist Securities (CRD#:6271)
• BB&T Securities (CRD#:142785)
• Scott & Stringfellow (CRD#:6255)
• Banc of America Securities (CRD#:26091)
• Merrill Lynch, Pierce, Fenner & Smith (CRD#:7691)

Kurta Law Can Help

If you worked with Stephen Coma 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.