Stephen Paul Courtney of Pasadena, California, 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 $70,000.00 in damages based upon allegations that Courtney was negligent, made unsuitable recommendations, made misrepresentations and omissions of material fact, committed fraud, and violated state securities laws in connection with the sale of stocks during the period that Courtney was associated with Stifel Nicolaus Company Incorporated. Financial Industry Regulatory Authority (FINRA) Arbitration No. 19-00279 (February 7, 2020).
This is not the first time that Courtney has been referenced in a customer initiated investment related dispute concerning Courtney’s conduct in the securities industry. FINRA Public Disclosure shows that Courtney was also referenced in a complaint that was settled for $13,500.03 in damages based upon allegations that Courtney made unsuitable recommendations of stocks and corporate bonds during the time that Courtney was associated with Salomon Smith Barney.
Courtney has been associated with Stifel Nicolaus Company Incorporated in Pasadena, California, as a stockbroker and investment advisor representative since November 28, 2007.