Gregory Robert Sain of Los Angeles, California, a stockbroker registered with Stifel Nicolaus Co. Inc., was the subject of a customer initiated investment related complaint that was settled on June 13, 2023, for $26,250.00 in damages based upon allegations that Sain made unsuitable recommendations of structured notes during the time that Sain was registered with Stifel Nicolaus Co. Inc.
This is not the first time that Sain has been referenced in a customer initiated investment related dispute concerning Sain’s conduct in the securities industry. Financial Industry Regulatory Authority (FINRA) Public Disclosure shows that Sain is also referenced in a customer initiated investment related NASD securities arbitration claim that was settled for $58,500.00 in damages based upon allegations that Sain made unsuitable recommendations of CMOs during the time that Sain was registered with Stone Youngberg LLC. NASD Arbitration No. 05-04710 (May 24, 2007).
On April 13, 2016, another customer filed an investment related complaint involving Sain’s conduct in which the customer requested compensation based upon allegations that Sain made unsuitable recommendations of preferred stocks in limited partnerships during the time that Sain was registered with Stifel Nicolaus Co. Inc. The securities broker dealer denied this dispute.
Sain was registered with Stifel Nicolaus Co. Inc. as a stockbroker and investment adviser representative from November 2, 2011, to March 28, 2022.
