Michael Anthony Fahsholtz of Wenatchee, Washington, a stockbroker registered with Stifel Nicolaus Company Incorporated, was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $40,000.00 in damages based upon allegations that Fahsholtz violated securities laws, made unsuitable recommendations, breached his fiduciary duties to the customer, violated FINRA rules, was negligent, and breached a contract in connection with the sale of corporate bonds during the time that Fahsholtz was associated with Stifel Nicolaus Company Incorporated. Financial Industry Regulatory Authority (FINRA) Arbitration No. 21-02921 (November 22, 2022).
FINRA Public Disclosure shows that Fahsholtz is referenced in eleven other customer initiated investment related disputes concerning Fahsholtz’s conduct while associated with securities broker dealers, including Stifel Nicolaus Company Incorporated. On October 22, 2020, a customer initiated investment related FINRA securities arbitration claim involving Fahsholtz’s conduct was settled for $48,500.00 in damages based upon allegations that Fahsholtz made unsuitable recommendations, violated securities laws, violated FINRA rules, breached a contract, was negligent, and breached his fiduciary duties to the customer in connection with the sale of corporate bonds. FINRA Arbitration No. 20-01611.
On November 6, 2020, a customer initiated investment related complaint involving Fahsholtz’s conduct was settled for $14,500.00 in damages based upon allegations that Fahsholtz violated securities laws, breached his fiduciary duties to the customer, and made unsuitable recommendations of corporate bonds and unit investment trusts.
Fahsholtz was also referenced in a customer initiated investment related complaint that was settled on May 20, 2021, for $25,000.00 in damages based upon allegations that Fahsholtz breached his fiduciary duties, made unsuitable recommendations, violated securities laws, violated FINRA rules, and was negligent in connection with the sale of corporate bonds and unit investment trusts.
On January 3, 2022, another customer initiated investment related FINRA securities arbitration claim involving Fahsholtz’s conduct was settled for $13,500.00 in damages based upon allegations that Fahsholtz committed fraud, breached his fiduciary duties to the customer, was negligent, breached a contract, and violated securities laws in connection with the sale of corporate bonds. FINRA Arbitration No. 20-01001.
On July 12, 2022, an additional customer initiated investment related FINRA securities arbitration claim involving Fahsholtz’s conduct was settled for $45,000.00 in damages based upon allegations that Fahsholtz violated securities laws, breached a contract, breached his fiduciary duties, committed fraud, and was negligent in connection with the sale of corporate bonds. FINRA Arbitration No. 20-01940.
Fahsholtz’s registration with Stifel Nicolaus Company Incorporated was terminated on August 17, 2020.
