Stock broker Curtis Lee Howard of Sapulpa, Oklahoma is involved in a legal dispute with a customer who alleges “breach of fiduciary duty, negligence, breach of contract, fraud by nondisclosure, common law fraud, breach of duty of good faith and fair dealing, and intentional infliction of emotional distress.” The claims relate to Howard’s handling of the customer’s accounts beginning in December 2015, while Howard was a registered representative of brokerage firm Edward Jones. Howard’s employment with Edwards Jones was terminated in 2017, in his 32nd year with the firm, purportedly because concerns were raised about his professionalism and judgment.
Breach of Fiduciary Duty
Fiduciaries have a duty to act in a manner that they reasonably believe is in the best interest of their clients. They also have duties of honesty, loyalty, care, and disclosure. A breach of fiduciary duty occurs when the fiduciary violates the trust and confidence reposed in him or her by the client.
There are a multitude of state and federal statutes that make it unlawful to mislead and defraud investors in connection with the purchase or sale of securities. The best known of these laws is Section 10(b) of the Securities Exchange Act of 1934 and its accompanying regulation, Rule 10b-5. Each of the 50 States has its own set of securities laws, known as “blue sky” laws. Many States have modeled their blue sky laws on the Uniform Securities Act, which contains a variety of different civil liability provisions.
If you have suffered damages due to the malpractice or misconduct of Curtis Lee Howard and/or Edward Jones, we may be able to assist you in recovering some or all of your losses. For a free no-obligation consultation, please contact us toll free at 888 607 4819 or send us an email through our “Contact” page.