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Wunderlich Broker, Steven Bright: Complaints

shutterstock_102158005The securities and investment fraud law firm Fitapelli Kurta is interested in hearing from investors who have complaints regarding Texas-based Wunderlich broker/adviser Steven Bright (CRD# 2059627).

Steven Bright has spent 25 years in the securities industry and has been registered with Wunderlich Securities in Dallas, Texas since 2015. Previous registrations include Southwest Securities in Plano, Texas (2007-2015); Stifel Nicolaus & Company in Southlake, Texas (2001-2007); Josephthal & Company in New York, New York (1998-2001); H.J. Meyers & Company in Rochester, New York (1992-1998); Emanuel & Company in New York, New York (1992); Baring & Brown (1991-1992); and F.N. Wolf & Company (1990-1991). Three of Mr. Bright’s former employers — H.J. Meyers & Company, Emanuel & Company, and Baring & Brown — have since been expelled by FINRA. Mr. Bright is a registered broker and investment adviser in six US states: California, Illinois, Indiana, Minnesota, New Mexico, and Texas.

According to his BrokerCheck report, Steven Bright is the subject of three customer complaints and seven denied customer complaints.

In 2015 a customer alleged Steven Bright, while employed at Southwest Securities, made misrepresentations with respect to an open-end mutual fund. The customer sought more than $5,000 in damages in the complaint, which was denied.

In 2015 a customer alleged Steven Bright, while employed at Southwest Securities, churned the customer’s account. The customer sought $29,000 in damages in the complaint, which was denied.

In 2010 a customer alleged Steven Bright, while employed at Southwest Securities, made unsuitable investment recommendations, failed to follow instructions, and misrepresented material facts related to an investment. The complaint settled for $13,000.

In 2010 a customer alleged Steven Bright, while employed at Southwest Securities, misrepresented and recommended unsuitable investments. The customer sought more than $29,200 in damages in the complaint, which was denied.

In 2009 a customer alleged Steven Bright, while employed at Southwest Securities, misrepresented his role as a financial advisor. The customer sought $80,000 in damages in the complaint, which was denied.

In 2008 a customer alleged Steven Bright, while employed at Stifel Nicolaus & Company, made unsuitable recommendations and breached his fiduciary duty. The complaint settled in 2010 for $20,500.

In 2008 a customer alleged Steven Bright, while employed at Stifel Nicolaus & Company, breached his fiduciary duty, breached contract, and negligently misrepresented material facts related to an investment in penny stocks. The complaint resulted in an award to the customer of $266,300.

In 2007 a customer alleged Steven Bright, while employed at Stifel Nicolaus & Company, recommended an unsuitable investment. The customer sought $42,000 in damages in the complaint, which was denied.

If you have complaints regarding Steven Bright, call the securities and investment fraud law firm Fitapelli Kurta at 877-238-4175 for a free consultation. You may be entitled to recoup your losses. All cases are taken on contingency: we only receive payment if and when you recover money. You may have a limited window to file your complaint, so we encourage you to avoid delay. Call 877-238-4175 now to speak to an attorney for free.