National investment fraud lawyers KlaymanToskes is investigating Clinton Edward Curtright (CRD #5921560) of Morgan Stanley’s La Jolla, CA branch after the broker was named in a customer complaint alleging $6 million in damages. The complaint was filed in October 2022 and is currently pending, with allegations including violations of Regulation Best Interest Rules (“Reg BI”) and misrepresentation with respect to equity investments.
Former and current customers of Clinton Edward Curtright who experienced investment losses or who may have information relating to the manner in which their Morgan Stanley broker handled their accounts are encouraged to contact attorney Lawrence L. Klayman at (888) 997-9956 or lklayman@klaymantoskes.com for a free consultation.
According to FINRA’s (Financial Industry Regulatory Authority) SEC Regulation Best Interest, the SEC’s Reg BI, under the securities exchange act of 1934, establishes a “best interest” standard of conduct for brokers and brokerage firms making recommendations of securities investments and investment strategies to their clients. This means that FINRA-regulated brokers and brokerage firms have a responsibility to make recommendations with their client’s best interest in mind, based upon the client’s personal needs and preferences.
In addition to the Reg BI rule, the SEC also requires brokers and investment advisors to provide a “brief relationship summary” known as form CRS, to their customers. This document is used to provide information about investment-related services and fees. The disclosure must be provided to the customer before or at the time they enter into an investment advisory contract with the broker or advisor.
When brokers and brokerage firms fail to act in the best interest of their clients, they are violating securities laws. Investors that suffer investment losses as a result of this violation may hold their broker and brokerage firm responsible through FINRA arbitration.
If you believe your advisor did not act in your best interest when managing your brokerage account, contact KlaymanToskes for a free, confidential consultation at 888-997-9956 or through our website, www.klaymantoskes.com.
KlaymanToskes is a leading national securities law firm which practices exclusively in the field of securities arbitration and litigation on behalf of retail and institutional investors throughout the world in large and complex securities matters. The firm has recovered more than $250 million for investors in FINRA arbitrations and over $350 million in other securities litigation matters for its clients. KlaymanToskes has office locations in California, Florida, New York, and Puerto Rico.
KlaymanToskes, P.A.
Lawrence L. Klayman, Esq.
888-997-9956
lklayman@klaymantoskes.com
www.klaymantoskes.com