Patrick John McLaughlin of Boca Raton Florida a stockbroker currently registered with Stifel Nicolaus Company Inc. is the subject of a customer initiated investment related arbitration claim where the customer sought $300,000.00 in damages based upon accusations that (1) stock trades were executed on an excessive basis and (2) unauthorized over-the-counter equities transactions were effected in the customer’s account. FINRA Arbitration No. 18-04085 (Nov. 30, 2018).
Financial Industry Regulatory Authority (FINRA) Public Disclosure confirms that McLaughlin is referenced in two more customer initiated investment related disputes containing allegations of his violative conduct while employed by Stifel Nicolaus. Specifically, a customer filed an investment related complaint concerning McLaughlin’s activities in which the customer requested damages estimated to exceed $5,000.00 supported by accusations that the customer’s account had been over-concentrated in municipal debt and unit investment trust investments; and bad investment advice was provided by McLaughlin during the period in which he was employed by Stifel Nicolaus.
Another customer initiated investment related arbitration claim involving McLaughlin’s conduct was settled for $110,000.00 in damages founded on allegations that contractual obligations to the customer had been breached; transactions were fraudulently executed in violation of Securities Exchange Act of 1934 Section 10(b) and SEC Rule 10b-5; trades failed to be suitable given the customer’s objectives for investing, tolerance for risk or investment circumstances; and lies were told in regard to the customer’s purchases of municipal debt investments. FINRA Arbitration No. 17-03490 (Dec. 28, 2018).
McLaughlin has been employed by Stifel Nicolaus Company since November 21, 2008.
