Financial Advisor Curtis Wilson Subject of Four Customer Disputes

• March 21, 2025
• Creativeone Wealth

Curtis Brian Wilson (CRD#: 1517272) is a registered investment advisor with Creativeone Wealth, LLC in Tulsa, OK. He was also a previously registered broker.

Broker’s History

He entered the securities industry in 1986 and previously worked with Stifel, Nicolaus & Company Incorporated; Dean Witter Reynolds Inc.; Merrill Lynch, Pierce, Fenner & Smith Incorporated; Geneos Wealth Managements, Inc; FWC Wealth Advisors LLP; Summit Investment group, LLC; LPL Financial LLC; Securities America, Inc.; and Beam Asset Management.

Current and Past Allegations of Conduct Leading to Investment Loss

According to publicly available records released by the U.S Securities and Exchange Commission (SEC), in June of 2024, Curtis Wilson because the subject of a customer dispute alleging, “that Mr. Wilson traded S&P 500 put options in this advisory account on or about September 30, 2022, that were inappropriate, unsuitable, without the proper disclosures, advice or authorizations. While the Firm and Mr. Wilson deny these allegations, the parties are currently engaged in discussions with counsel for the claimant.” The damage amount requested is $761,000 and the customer dispute is still pending.

Options strategies have become increasingly popular among brokerage firms, registered investment advisers and other financial professionals, often times being sold as safe income producing investment strategies.  Many financial professionals do not understand the risks associated with options and, therefore, do not accurately communicate those risks to their clients.

There are a wide array of options strategies.  These strategies may include long or short options, put or call options, covered call options, spreads, strangles, iron condors and yield enhancement strategies.  In certain instances, financial professionals may implement a combination of these strategies.

In addition, Curtis Wilson has been the subject of four other disclosures:

• March 2023—“Customer alleges that representative’s option-based trading strategy was not suitable after losses were incurred. Customer also alleges that risks associated with options trading were not adequately disclosed.” The damage amount request was $484,905.26 and the customer dispute settled for $250,000.00.
• October 2020—“ failure to execute trades in a timely manner.” The damage amount requested was $25,000 and the customer dispute settled for $25,000.
• October 2017—“ Financial Compromise.”
• September 2000—“ DENVER MEACHAM III, A CO-TRUSTEE ALLEGED UNAUTHORIZED TRANSACTIONS IN THE CUSTOMER TRUST.” The damage amount requested was $10,500 and the customer dispute was denied.

For a copy of Curtis Wilson’s SEC AdvisorInfo, click here.

We Help Investors Recover Investment Losses

Financial advisors have a legal and regulatory obligation to recommend only suitable investments that are appropriate for their clients’ needs and objectives. Their employing brokerage firm has a legal and regulatory obligation to supervise the Financial Advisors’ sales practices and dealings with clients. To the extent any of these duties are breached, the customer may be entitled to a recovery of his or her investment losses.

Reasonable basis suitability requires that a recommended investment or investment strategy be suitable or appropriate for at least some investors. Reasonable basis suitability requires an advisor to conduct adequate due diligence so that he or she can determine the risks and rewards of the investment or investment strategy.

Customer-specific suitability requires that a member or associated person have a reasonable basis to believe that the recommendation is suitable for a particular customer based on that customer’s investment profile. Among the criteria that a financial advisor must evaluate to satisfy his or her customer-specific suitability obligations include the investor’s age, tax status, time horizon, liquidity needs, and risk tolerance; a client’s other investments, financial situation and needs, investment objectives, and any other information disclosed by the customer should also be considered.

Excessive trading often occurs when a Financial Advisor puts his or her interests ahead of the clients and makes transactions solely for the purpose of generating commissions. Financial Advisors have a regulatory duty to recommend suitable investment strategies. One of the components of the suitability analysis is quantitative suitability.

Quantitative suitability requires a brokerage firm or financial advisor with actual or de facto control over a customer’s account to have a reasonable basis for believing that a series of recommended transactions – even if suitable when viewed in isolation – is not excessive and unsuitable for the customer when taken together in light of the customer’s investment profile. No single test defines excessive activity, but factors such as the turnover rate, the cost-equity ratio, and the use of in-and-out trading in a customer’s account may provide a basis for a finding that a member or associated person has violated the quantitative suitability obligation. Financial advisors have a legal and regulatory obligation to recommend only suitable investments that are appropriate for their clients’ needs and objectives. Their employing brokerage firm has a legal and regulatory obligation to supervise the Financial Advisors’ sales practices and dealings with clients. To the extent any of these duties are breached, the customer may be entitled to a recovery of his or her investment losses.

If you have experienced losses as a result of options trading and believe that those losses were caused by the misconduct of your financial advisor or investment advisor, contact the Wolper Law Firm.  Our team of options loss attorneys will look evaluate your case at no cost. We have experience in handling these cases, with a 99% success rate for our clients.  Over the last several years, the Wolper Law Firm has handled a significant number of cases involving failed options strategies.  Recently, the Wolper Law Firm obtained a $7.1 million arbitration award against a registered investment advisor, who destroyed a substantial amount of our client’s wealth by implementing an ill-advised options strategy.