Chuck A. Roberts of New York, New York and Miami Beach, Florida, a stockbroker registered with Stifel Nicolaus Company Incorporated, is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested more than $5,000,000.00 in damages based upon alleged negligence, breach of fiduciary duty, fraud, breach of contract, and violation of Florida securities laws in connection with the sale of structured notes when Roberts was associated with Stifel Nicolaus. FINRA Arbitration No. 23-03530 (December 14, 2023).
FINRA Public Disclosure shows that Roberts is referenced in eighteen (18) other customer initiated investment related disputes concerning Roberts’s conduct while associated with securities broker dealers. On June 18, 2013, a customer initiated investment related FINRA securities arbitration claim involving Roberts’s conduct resulted in the customer being awarded $202,228.00 in compensation. The Statement of Claim alleged that Roberts engaged in unsuitable and unauthorized trading and made misrepresentations of material fact regarding investments in the customer’s accounts. FINRA Arbitration No. 10-04327.
On October 11, 2023, a different customer filed an investment related FINRA securities arbitration claim involving Roberts’s conduct in which the customer requested damages of $1,000,000.00 to $5,000,000.00 based upon alleged breach of contract, violation of New Jersey Uniform Securities Law, breach of fiduciary duty, fraud, negligence, and violation of Florida Securities and Investor Protection Act in connection with the sale of stocks and structured notes during the time that Roberts was associated with Stifel Nicolaus. FINRA Arbitration No. 23-02814.
Roberts is also referenced in a customer initiated investment related FINRA securities arbitration claim in which the customer requested $1,000,000.00 in damages based upon allegations that Roberts violated California Corporations Code, Securities Exchange Act of 1934 Section 10(b), and industry regulations, and breached his fiduciary duties in connection with the recommendation and sale of structured notes and alternative investments. FINRA Arbitration No. 23-03052 (October 19, 2023).
On October 19, 2023, another customer filed a securities arbitration claim involving Roberts’s conduct. The customer requested damages in excess of $5,000,000.00 based on alleged breach of fiduciary duty, breach of contract, negligence, fraud, violation of New Jersey Uniform Securities Law, and violation of Florida Securities and Investor Protection Act. These allegations pertain to the sale of stocks and structured notes. FINRA Arbitration No. 23-03076.
Roberts is also referenced in a securities arbitration claim filed on November 14, 2023. The customer, alleging damages between $100,000.00 and $500,000.00, asserts that Roberts committed fraud, breached his fiduciary duties, and was negligent in connection with the sale of structured notes at Stifel Nicolaus. FINRA Arbitration No. 23-03283.
On December 13, 2023, an additional customer initiated a securities arbitration claim involving Roberts. The claim, involving alleged damages believed to exceed $1,000,000.00, centers on allegations of breach of fiduciary duty, negligence, fraud, violation of Securities Exchange Act of 1934, unauthorized trading in stocks and structured notes, and churning of the customer’s account. FINRA Arbitration No. 23-03526.
Roberts has been associated with Stifel Nicolaus in New York, New York, and Miami Beach, Florida since March 1, 2016, as a stockbroker, and since April 11, 2019, as an investment advisor representative.
