Investor Seeks $5 Million in Dispute with Stephen Parks

Stephen Parks (CRD #: 5074732), a broker registered with Skystone Securities, allegedly recommended unsuitable investments, according to his BrokerCheck record, accessed on July 5, 2025. If you have questions about his alleged conduct as a broker, read on.

Investor Dispute

On April 25, 2025, an investor alleged that Stephen Parks solicited him to invest in two unsuitable alternative investments, misrepresented these investments, and failed to conduct adequate due diligence on one of them. The client further alleged that Stephen Parks had a conflict of interest in these recommendations.

The investor seeks $5 million in this pending dispute.

FINRA Rule 2111

FINRA Rule 2111 defines suitable investments as securities that fit an investor’s profile. An investor’s profile includes their age, risk tolerance, tax status, financial goals, and investing experience.

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

FINRA Rule 2020

FINRA Rule 2020 prohibits the use of manipulation, deception, and other fraudulent methods to influence the purchase and sale of securities. This includes the misrepresentation or omission of information relating to investments, such as their fees, expenses, risks, or potential returns.

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

Stephen Parks has passed the following exams:

• Securities Industry Essentials Examination – SIE

• General Securities Representative Examination – Series 7

• Uniform Securities Agent State Law Examination – Series 63

Stephen Parks is a registered broker in 11 states.

He has also worked for the following firms:

• Commerce Street Capital (CRD#:143797)

• SAMCO Capital Markets (CRD#:136532)

• Penson Financial Services (CRD#:25866) 

Kurta Law Can Help

If you worked with Stephen Parks 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 that 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.