Todd Rustman: $830K Complaint Against Clarity Capital Advisor

Newport Beach, California financial advisor Todd Rustman (CRD# 2453708) recently received an investor complaint alleging that his conduct resulted in damages exceeding $800,000. Financial Industry Regulatory Authority records show that he is currently registered as a broker with American Trust Investment Services and an investment advisor with Clarity Capital Partners.

Mr. Rustman’s BrokerCheck report discloses one investor complaint. Filed in March 2024, it alleges that as a representative of Clarity Capital Partners, he breached his fiduciary duty, recommended an unsuitable penny stock investment, and over-concentrated the customer’s account. The pending complaint alleges damages of $830,000.

Clarity Capital Partners’ website includes a profile of Mr. Rustman that describes him as the firm’s Managing Partner. “His disciplined approach to wealth management aligns strategy with client objectives and timelines,” it states. “He will reverse engineer desired outcomes, presenting options developed through quantitative data, analytics and related research generated from Clarity Capital’s deep bench of financial advisory partners and resources.”

Elsewhere, the firm describes its own approach to wealth management and financial planning. “[W]e focus on providing sound financial advice for life, partnering with our clients to execute a sophisticated and strategic approach to achieve their personal and professional goals,” it explains. “Our dedicated team of professionals works with to a wide range of private, corporate and institutional clients.”

According to the Financial Industry Regulatory Authority, Todd Rustman holds 22 years of securities industry experience. Based in Newport Beach, California, he has been a broker with American Trust Investment Services since 2020 and an investment advisor with Clarity Capital Partners since 2010. His registration history includes WestPark Capital, Niagara International Capital, Alpha Cubed Investments, Royal Alliance Associates, WHJR Associates, NEXT Financial Group, Associated Securities Corporation, Associated Planners Investment Advisory, KA Associates, PIMCO Advisors Distribution Company, and Chestnut Hill Securities. His credentials include the passage of eight securities industry qualifying exams: the General Securities Principal Examination, or Series 24; the Municipal Fund Securities Principal Examination, or Series 51; the Registered Options Principal Examination, or Series 4; the Direct Participation Programs Representative Examination, or Series 22; the National Commodity Futures Examination, or Series 3; the Securities Industry Essentials Examination, or SIE; the Direct Participation Programs Representative Examination, or Series 22TO; and the Uniform Securities Agent State Law Examination, or Series 63. He is licensed in California, Florida, Texas, and Washington. (Information current as of April 21, 2024.)

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