John Hoff Russell of Clayton Missouri a stockbroker and investment adviser representative currently registered with Stifel Nicolaus Co. Inc. has been named in a customer initiated investment related arbitration claim in which the customer was awarded $800,000.00 in compensatory damages supported by Russell being found liable on the customer’s causes of action including that FINRA rules had been violated and that the customer was defrauded. Financial Industry Regulatory Authority (FINRA) Arbitration No. 18-02824 (Mar. 23, 2020).
According to the Award, misrepresentations and omissions had been made by the stockbroker which induced the customer’s consent to transactions. The claim also alleges that a fiduciary duty that was owed to the customer had been breached. The customer and her children had been disinherited from her spouse’s assets because of Russell.
Russell has been identified in two additional customer initiated investment related disputes containing allegations of his misconduct while employed by Stifel Nicolaus. FINRA Public Disclosure confirms that a customer filed an investment related complaint regarding Russell’s activities where the customer sought $14,720.53 in damages based upon accusations that misrepresentations were made about the risks of asset backed debt investments sold by the Stifel Nicolaus stockbroker.
Another customer initiated investment related complaint concerning Russell’s activities was resolved for $38,562.88 in damages founded on allegations that a bond purchase effected in the customer’s account failed to be appropriate for the Stifel Nicolaus customer and had resulted in losses.
Russell has been registered with Stifel Nicolaus since October 31, 1995.
