Marc Efram Sukoneck of Florham Park New Jersey a stockbroker formerly employed by Stifel Nicolaus Company is the subject of a customer initiated investment related written complaint on September 22, 2017 where the customer sought $32,500.00 in damages founded on accusations that Sukoneck (1) placed the customers in equities that were not appropriate for them (2) traded in their accounts without their permission (3) churned their equity portfolios and (4) misrepresented equites transactions.
Financial Industry Regulatory Authority (FINRA) Public Disclosure confirms that Sukoneck is referenced in five additional customer initiated investment related disputes pertaining to allegations of Sukoneck’s misconduct while employed with Ryan Beck and Stifel Nicolaus. Specifically, on April 29, 2002, a customer filed an investment related complaint concerning Sukoneck’s activities where the customer requested at least $5,000.00 in damages based upon accusations that the customer’s instructions were disregarded, and unsuitable mutual fund transactions were effected in the customer’s account.
On January 7, 2010, a customer initiated investment related complaint involving Sukoneck’s activities was settled for $50,000.00 in damages supported by allegations that misrepresentations had been made to the customer concerning the terms and conditions of variable annuity products purchased by the customer. On December 8, 2011, a customer initiated investment related complaint regarding Sukoneck’s conduct was resolved for $7,000.00 in damages founded on accusations that Sukoneck placed the customer in inappropriate corporate debt investments.
Then, on February 19, 2013, a customer initiated investment related complaint concerning Sukoneck’s activities was settled for $60,000.00 in damages based upon allegations that unsuitable investments had been selected for the customer’s account. On March 19, 2013, another customer initiated investment related complaint involving Sukoneck’s conduct was resolved for $25,000.00 in damages supported by accusations that Sukoneck poorly advised the customers in reference to their investment accounts.
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