downward graph

Richard Michael Stevens of Indianapolis Indiana a stockbroker currently employed by David A. Noyes Co. is referenced in a customer initiated investment related arbitration claim in which the customer sought $60,000.00 in damages founded on allegations that Stevens (1) failed to disclose risks of private placements (2) neglected to conduct adequate due diligence on alternative investments and (3) placed unsuitable investment transactions in the customer’s account which led the customer to sustain catastrophic losses. Financial Industry Regulatory Authority (FINRA) Arbitration No. 18-01307 (Apr. 16, 2018).

FINRA Public Disclosure confirms that Stevens is referenced in three additional customer initiated investment related disputes pertaining to accusations of his sales practice violations during the period that he was registered with David A. Noyes & Company. For example, on March 19, 2014, a customer initiated investment related complaint regarding Stevens’ conduct was resolved for $52,000.00 in damages supported by allegations of inappropriate commissions, undue losses and excessive trading.

The information contained herein has been obtained from reliable sources however may not be accurate and is not guaranteed by us. Readers are encouraged to undertake their own independent investigation and evaluation of the relevant facts. All claims and allegations are subject to adjudication, decisions may be subject to appeal, and no inference is intended, nor should any inference be made from any information contained herein from any source.

This posting and the information on our website is for general information purposes only. This content should be not considered legal advice, and any responses, comments, e-mails, other communications do not form any attorney client relationship. Attorney Advertisement. See Important Disclaimer

Guiliano Law Group

Our practice is limited to the representation of investors. We accept representation on a contingent fee basis, meaning there is no cost to you unless we make a recovery for you. There is never any charge for a consultation or an evaluation of your claim. For more information, contact us at (877) SEC-ATTY.

For more information concerning common claims against stockbrokers and investment professionals, please visit us at securitiesarbitrations.com

To learn more about FINRA Securities Arbitration, and the legal process, please visit us at securitiesarbitrations.com