San Diego financial advisor Christie Caliva (CRD# 5527773) is involved in an investor complaint stemming from an investment in Franklin...Read More
Clinton Curtright: New Investor Complaint Against San Diego Advisor
A new investor complaint against Morgan Stanley advisor Clinton Curtright (CRD# 5921560) alleges he provided misleading information and violated an important securities industry rule. Financial Industry Regulatory Authority records show that he is a broker and an investment advisor based in San Diego, California.
Complaint Alleges Misrepresentations
Mr. Curtright’s BrokerCheck report discloses one investor complaint against him. Filed in October 2022, it alleges that as a representative of Morgan Stanley, he violated the Securities and Exchange Commission’s Regulation Best Interest and made misrepresentations of material facts regarding an equity investment. The pending complaint alleges damages of $6 million.
What Is Regulation Best Interest?
For reference, the SEC’s “Regulation Best Interest” is a standard of conduct that requires brokers to recommend only investments and strategies that are in their clients’ best interests. Both broker-dealer firms and their registered firms have what the regulation describes as a “Care Obligation,” under which they must “have a reasonable basis to believe that each recommendation or series of recommendations made is in the best interest of the particular retail customer and does not place their financial or other interests ahead of the interest of the retail customer.” Regulation Best Interest stipulates further that brokers and financial advisors must disclose to their clients any potential conflicts of interests that might consciously or unconsciously result in them providing “advice that is not disinterested,” as FINRA explains. More information about these rules is available via FINRA.
Morgan Stanley: Curtright Works with High-Net-Worth Clients
Clinton Curtright’s profile on Morgan Stanley’s website describes his mission as “Understanding the unique needs of high-net-worth clients.” In a section describing his background, he writes that his role “primarily focuses on assisting clients with significant wealth and complexity,” although “everyone on our team is here to serve and we’ve been incredibly concerned with ensuring that our team is structured so that we can assist anyone in need.” Having grown up in the Midwest, he states further, he earned an MBA from the University of San Diego at age 22. He provides executive financial services, wealth management, business planning, philanthropic management, equity compensation strategies, and other services.
FINRA: Curtright Based in San Diego
According to the Financial Industry Regulatory Authority, Clinton Curtright has spent eleven years working as a broker. Based in San Diego, he joined Morgan Stanley as a broker and an investment advisor in 2014. He is also registered with the firm’s office in La Jolla, California. More information about his background and qualifications is available via FINRA. (Information current as of November 25, 2022.)
Carlson Law represents investors throughout the United States in claims against financial advisors and investment firms. If you or a loved one have suffered investment losses, please call us at 888-976-6111 or complete our contact form for a free and confidential consultation.