March, 2025 | Based in Tulsa, OK
Have you suffered financial losses while working with Curtis Brian Wilson? Don’t wait to protect your financial future. Call 800-950-6553 or complete our online form to schedule your confidential, no-obligation case evaluation. Time limitations apply to investment fraud claims, so prompt action is essential.
Critical Details About Curtis Brian Wilson
- Full Name: Curtis Brian Wilson
- CRD Number: 1517272
- Current Status: Not currently registered (since December 2020)
- Last Known Location: Tulsa, OK
- Former Employers: Securities America, Inc. (2015-2020), LPL Financial LLC (2012-2015), BEAM Asset Management (2012-2020)
- Current Business: Operates Summit Investment Group, LLC (since 2004) and affiliated with ChangePath, LLC (since 2021)
- FINRA BrokerCheck: 4 customer disputes, including options trading allegations with settlements totaling $275,000
- Financial History: Compromise with creditor in 2017
- Recent Complaint: $761,000 pending claim involving S&P 500 put options trading
- Recovery Potential: Investors may have claims against both Wilson and his former employing firms
A Pattern of Options Trading Misconduct
Curtis Brian Wilson, a former financial advisor who most recently operated through Securities America, Inc. in Tulsa, Oklahoma, is currently facing serious allegations related to his options trading practices and investment recommendations. Our law firm’s investigation has uncovered a troubling pattern of customer complaints specifically centered around options strategies that resulted in substantial client losses.
Wilson’s FINRA BrokerCheck report reveals multiple complaints and settlements that paint a concerning picture of his advisory practices. After nearly four decades in the financial services industry, Wilson is no longer registered with FINRA as of December 2020, raising questions about the circumstances of his departure from the securities industry.
Detailed Analysis of Recent Claims Against Wilson
$761,000 Pending Options Trading Complaint (2024)
The most recent and substantial complaint against Wilson was filed in June 2024, alleging that he traded S&P 500 put options in a client’s advisory account on or around September 30, 2022. According to the complaint, these options transactions were:
- Inappropriate and unsuitable for the client
- Executed without proper disclosures
- Conducted without adequate advice or authorization
- Resulted in alleged damages of $761,000
While Wilson and his firm (CreativeOne Wealth, LLC) deny these allegations, the significant damages claimed suggest a potentially serious breach of fiduciary duty and suitability obligations. This complaint remains pending, with discussions between the parties reportedly ongoing.
$484,905 Options Trading Settlement (2023)
In March 2023, a customer alleged that Wilson’s option-based trading strategy was unsuitable and that the risks associated with options trading were not adequately disclosed. This complaint resulted in a substantial settlement of $250,000 in July 2023.
The similarity between this resolved complaint and the current pending complaint points to a potential pattern of inappropriate options trading recommendations and inadequate risk disclosures – key violations of securities industry standards.
$25,000 Trade Execution Settlement (2020)
In October 2020, shortly before Wilson’s registration with Securities America ended, a customer alleged that Wilson failed to execute trades in a timely manner. This complaint resulted in a $25,000 settlement, with Wilson personally contributing the entire settlement amount.
The timing of this complaint and settlement, coinciding with the end of Wilson’s registration as a broker, raises questions about whether his departure from Securities America was related to these trading issues.
Red Flags in Wilson’s Business Practices
Our investigation has identified several concerning aspects of Wilson’s business practices that investors should have been aware of:
1. Risky Options Trading Strategies
The multiple complaints specifically mentioning options trading suggest Wilson may have employed high-risk options strategies that were inappropriate for typical retail investors. Options trading carries significant risks, including:
- Potential for rapid and complete loss of investment
- Complex mechanics that many retail investors don’t fully understand
- Leverage that can amplify losses dramatically
- Time decay that works against option holders
For many conservative or moderate-risk investors, sophisticated options strategies are rarely suitable investments, particularly when they make up a significant portion of a portfolio.
2. Dual Business Activities
Wilson’s BrokerCheck report indicates he operated Summit Investment Group, LLC concurrently with his registrations at various broker-dealers. While dual registration is permitted, it can create conflicts of interest and confusion for clients about which entity is providing services and which regulatory protections apply.
According to his disclosure, Wilson spent approximately 20 hours per week on insurance sales through Summit Investment Group, including “fixed indexed annuities” – products that often carry high commissions and surrender charges, potentially creating incentives that may not align with client interests.
3. Financial Compromise with Creditor
In October 2017, Wilson reached a compromise with Bank of America regarding a $15,447.53 debt, settling it for $7,524.00. While this financial disclosure alone doesn’t necessarily indicate impropriety in his advisory practice, it raises questions about Wilson’s personal financial management – an important consideration for someone entrusted with managing client assets.
Regulatory Framework: Rules Wilson May Have Violated
Financial advisors like Curtis Brian Wilson are subject to numerous rules and regulations designed to protect investors. Based on the allegations in the complaints against him, Wilson may have violated several key regulations:
FINRA Rule 2111: Suitability
This cornerstone regulation requires that financial advisors have a reasonable basis to believe their recommendations are suitable for clients based on their investment profile, including:
- Age and financial situation
- Risk tolerance
- Investment objectives
- Investment experience
- Time horizon
The options trading strategies that prompted complaints may have violated this rule if they were inappropriate for the clients’ risk tolerance or investment objectives.
FINRA Rule 2020: Prohibition Against Manipulative and Deceptive Practices
This rule prohibits brokers from using manipulative, deceptive, or fraudulent devices or contrivances in connection with securities transactions. If Wilson failed to adequately disclose the risks of his options trading strategies, as alleged, this could potentially constitute a violation of Rule 2020.
FINRA Rule 5310: Best Execution and Interpositioning
The 2020 complaint alleging failure to execute trades in a timely manner relates directly to this rule, which requires brokers to use reasonable diligence to provide the most favorable price and execution for customer transactions.
SEC Regulation Best Interest (Reg BI)
Though Reg BI took effect in June 2020, near the end of Wilson’s registration period, it enhanced the standard of conduct for broker-dealers, requiring them to act in the best interest of retail customers when making recommendations, including:
- Full disclosure of all material facts
- Exercise of reasonable care
- Identification and management of conflicts of interest
- Compliance with care obligations
Recovery Options for Affected Investors
If you invested with Curtis Brian Wilson and experienced losses, particularly related to options trading strategies, several potential recovery paths exist:
1. FINRA Arbitration
FINRA provides an arbitration forum specifically designed to resolve disputes between investors and securities professionals. Benefits include:
- Generally faster and less expensive than court litigation
- Arbitrators often have industry expertise
- Less formal than court proceedings
- Binding decisions
FINRA arbitration claims must typically be filed within six years of the events giving rise to the dispute, making timely action essential.
2. Claims Against Employing Firms
Brokerage firms have a legal duty to supervise their registered representatives. The firms that employed Wilson during the relevant periods may be held liable for failing to adequately supervise his options trading activities, including:
- Securities America, Inc. (2015-2020)
- LPL Financial LLC (2012-2015)
- BEAM Asset Management (2012-2020)
- CreativeOne Wealth, LLC (for more recent activities)
Even if Wilson personally lacks the resources to fully compensate investors for their losses, these firms often carry substantial insurance coverage and have greater financial capacity to make investors whole.
3. Current Business Entities
For more recent transactions, investors may have claims against Wilson’s current business entities:
- Summit Investment Group, LLC (insurance sales)
- ChangePath, LLC (investment adviser representative since January 2021)
Practical Steps for Affected Investors
If you invested with Curtis Brian Wilson and have concerns about your investments, consider these immediate actions:
1. Review Your Account Statements
Thoroughly examine your account statements from the period when Wilson managed your investments, looking for:
- Options transactions you didn’t authorize
- Excessive trading activity
- Significant or unexplained losses
- Investments inconsistent with your stated objectives
2. Gather Documentation
Collect all relevant documents, including:
- Account opening paperwork showing your risk tolerance and objectives
- Written communications with Wilson
- Marketing materials or presentations regarding options strategies
- Notes from meetings or phone conversations
- Trade confirmations, especially for options transactions
3. Calculate Your Losses
Work to determine the full extent of your losses, including:
- Direct investment losses
- Fees and commissions paid
- Opportunity costs (what you could have earned in suitable investments)
4. Consult an Experienced Securities Attorney
Investment fraud cases require specialized legal expertise. An attorney with experience in securities law can:
- Evaluate the strength of your potential claims
- Advise on the statute of limitations
- Identify all potential recovery sources
- Develop an appropriate strategy for your specific situation
How Our Investment Fraud Attorneys Can Help
Our law firm specializes in representing investors who have suffered losses due to broker misconduct. With decades of combined experience in securities litigation and FINRA arbitration, we offer:
Comprehensive Case Evaluation
Our team will thoroughly analyze your investment history with Wilson, identify violations of securities laws and regulations, and determine the optimal recovery strategy for your situation.
Expert FINRA Arbitration Representation
Our attorneys have extensive experience successfully navigating the FINRA arbitration process, with a proven track record of securing substantial recoveries for defrauded investors.
Contingency Fee Structure
We handle investment fraud cases on a contingency fee basis – you pay nothing unless we recover money for you. This aligns our interests with yours and ensures we’re motivated to maximize your recovery.
Access to Industry Experts
We work with highly qualified financial experts who can analyze your portfolio, assess the suitability of Wilson’s options trading strategies, and provide expert testimony when needed.
Time is Critical in Investment Fraud Cases
Securities laws impose strict time limitations on bringing claims for investment fraud. In most cases, FINRA arbitration claims must be filed within six years of the events giving rise to the dispute, though other deadlines may apply based on when you discovered the misconduct.
Given that Wilson’s most recent registration ended in December 2020, the window for filing claims related to his activities at Securities America may be closing soon. Additionally, the statute of limitations for claims related to his earlier activities at LPL Financial or BEAM Asset Management may have already expired for some investors.
Don’t delay in seeking professional advice if you’ve experienced losses while working with Curtis Brian Wilson. Our experienced investment fraud attorneys are ready to evaluate your situation and help you pursue the recovery you deserve. Call 800-950-6553 today or complete our online form to schedule your confidential, no-obligation consultation.
