Steven Stanford is Facing Unsuitable Investment Allegations

Steven Stanford (CRD #: 1686790), a broker registered with Portsmouth Financial Services, is the subject of an investor dispute. This is according to his BrokerCheck record, accessed on February 21, 2024. Keep reading if you have questions regarding his alleged conduct. 

Unsuitable Investment Allegations 

On December 4, 2023, an investor alleged that Steven Stanford recommended unsuitable investments, offered misleading investment advice, and failed to conduct his due diligence. The investor is seeking $60,000. 

FINRA Rule 2111 – Unsuitable Investments 

FINRA Rule 2111 defines suitable investments as securities that fit an investor’s profile. Investor profiles have information on the investor’s age, risk tolerance, tax status, investing experience, and financial goals. Investments that do not take these factors into account may be unsuitable. 

High Standards of Commercial Honor 

FINRA Rule 2010 holds brokers to high standards of commercial honor and just and equitable principles of trade.

Background Information 

Steven Stanford 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 31 Futures Managed Funds Examination 
• Series 7 General Securities Representative Examination 
• Series 24 General Securities Principal Examination 

He is a registered broker in 14 states and is a registered investment adviser in California. 

Stephen Stanford has registered with ten firms in 35 years. These are the four most recent:

• Portsmouth Financial Services (CRD #: 13980) 
• East/West Securities Corp. (CRD #: 157346) 
• White Pacific Securities (CRD #: 42505) 
• 1st Discount Brokerage (CRD #: 39164) 

Kurta Law Can Help 

If you have worked with Stephen Stanford and have concerns about your investments, do not hesitate to contact us at 877-600-0098 or info@kurtalawfirm.com for a free consultation. 

For nearly 20 years, Kurta Law has advocated for investors 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. Do not let securities fraud go unchecked. Start your recovery process today.