Stephen Curry (CRD#: 5207046), a broker with Kestra Investment Services LLC (CRD#: 42046) and a Registered Investment Adviser (RIA) with Kestra Advisory Services LLC (CRD#: 283330) is currently involved in an investor dispute in which a client is seeking more than $7 million in damages, according to his BrokerCheck record accessed on July 2, 2020. Why is Stephen Curry being sued for over $7 million? Read on to learn more.
On May 21, 2020, a client filed a complaint against Stephen Curry, alleging that, among other things, he breached his fiduciary duty regarding services to a retirement fund. The client is seeking $7,790,689 in damages. Stephen Curry’s colleague at Kestra, Jerry Korchak, is also involved in this same investor dispute.
What does it mean when a financial professional breaches their fiduciary duty? A fiduciary is someone who is legally obligated to put their clients’ interests before their own. For more information about this important subject and how the fiduciary standard applies differently to brokers and investment advisers, see our article “Stockbroker vs. Investment Adviser: Understanding the Difference.”
Stephen Curry has passed the Series 65 – Uniform Investment Adviser Law Examination, the Series 63 – Uniform Securities Agent State Law Examination, the SIE – Securities Industry Essentials Examination, the Series 7 – General Securities Representative Examination, and the Series 6 – Investment Company Products/Variable Contracts Representative Examination. He is licensed to sell securities in California, Colorado, Connecticut, Florida, Illinois, Indiana, Iowa, Michigan, Minnesota, Oregon, South Carolina, Tennessee, Texas, and Wisconsin. He is also a Registered Investment Adviser (RIA) in Illinois.
Over his 13 years in the securities industry, Stephen Curry has worked for three brokerage firms. In addition to Kestra Investment Services LLC (CRD#: 42046) and Kestra Advisory Services LLC (CRD#: 283330), he has also previously worked for the advisory firm NFP Advisor Services LLC (CRD#: 42046) and the broker-dealer Waterstone Financial Group, Inc. (CRD#: 10078).
If Stephen Curry was your broker and you have questions about your investments, don’t hesitate to contact the securities attorneys of Fitapelli Kurta to learn more about your options for investment loss recovery. Call (877) 238-4175 or email firstname.lastname@example.org for your free case consultation with the securities attorneys of Fitapelli Kurta.