Broker Sean Righter Subject of $1.3M Dispute

Sean Righter (CRD# 5419832) is a previously registered broker and currently registered investment advisor. His last known employer was Morgan Stanley (CRD# 149777) of Irvine, CA. Prior to Morgan Stanley, Righter was employed with Citigroup Global Markets Inc. (CRD# 7059) of Laguna Nigel, CA. He has been in the industry since 2007.

A customer dispute filed on 3/12/25 alleges that Righter executed an “unsuitable” investment strategy in a client’s account. This unsuitability went from January 2021 through January 2025. The client requests damages of $1,300,000. This claim is currently “pending.”

A previous customer filed a dispute on 2/25/2025 with similar allegations of unsuitability. This activity occurred between November of 2020 through January of 2025. No damage amount is listed, and this case is also “pending.”

Another customer dispute filed on 7/24/2024 also included allegations of unsuitability in relation to the customer’s profile. This claim was settled for $20,000. No additional information is available.

Two of Righter’s customers filed disputes in 2023:

Filed on 8/29/2023, this customer dispute alleged unsuitability from 2020 through 2023. This claim was settled for $315,000.
Filed on 3/17/2023, this customer dispute also alleged unsuitability from 2020 through 2023. This claim was settled for $1,200,000.

Currently, there are no entries that indicate Righter was subject to any disciplinary action from FINRA or the SEC.

What Does “Unsuitability” Mean?

When a broker or investment advisor makes a recommendation or trade in a client’s account, they are required to act in a customer’s best interest and recommend an investment that’s right for their investor profile and their overall strategy.

For instance, a 30-year-old investor can handle a certain amount of risk—if they’re interested in taking on that risk. If the investor loses money in an investment, they can recoup over time.

But a retired investor might be more interested in stability, somewhat steady income, and lower risk investments. They will likely not be able to recoup any losses, impacting their quality of life. Therefore, what’s suitable for the 30-year-old investor may not be suitable for the older, retired investor.

Regulation Best Interest requires brokers to act in the best interests of each client, and take their individual circumstances into account when making recommendations, decisions and trades for the client.

Did You Invest With Sean Righter?

Silver Law Group represents investors in securities and investment fraud cases. Our lawyers are admitted to practice in New York and Florida and represent investors nationwide to help recover investment losses due to stockbroker misconduct. If you have any questions about how your account has been handled, call to speak with an experienced securities attorney. Most cases are handled on a contingent fee basis, meaning that you won’t owe us until we recover your money for you. Contact us today at (800) 975-4345 and let us know how we can help.