Scott Ellis Stacke of Chicago Illinois a stockbroker formerly registered with William Blair has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on allegations that he failed to respond to FINRA’s request for information regarding Stacke’s possible misconduct. Case No. 201705349601 (Aug. 31, 2017).
According to FINRA Public Disclosure, Stacke had been suspended by FINRA personnel pursuant to FINRA Rule 9552(h). Stacke was subsequently barred in all capacities after having failed, over a three month period from being provided a Notice of Suspension, to submit information to FINRA that it sought from Stacke.
FINRA Public Disclosure reveals that a customer initiated investment related arbitration claim concerning Stacke’s conduct was settled for $200,000.00 in damages based upon accusations that fiduciary duties owed to the customer had been breached; preferred stock and over-the-counter equities investment recommendations were not appropriate for the customer; and the customer’s account had been churned. FINRA Arbitration No. 15-02537 (Nov. 28, 2016).
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