Stephen Paul Courtney of Pasadena California a stockbroker currently employed by Stifel Nicolaus Company Incorporated is the subject of a customer initiated investment related arbitration claim where the customer sought $238,050.00 in damages supported by accusations that (1) transactions were effected in violation of the securities laws of the State of California (2) misrepresentations and omissions had been made to the customer concerning equity transactions (3) transactions were executed in the customer’s account that were not suitable for the customer (4) the customer’s account was handled in a negligent manner and (5) the customer was defrauded while Courtney was associated with Stifel Nicolaus Company Incorporated. Financial Industry Regulatory Authority (FINRA) Arbitration No. 19-00279 (Jan. 24, 2019).
FINRA Public Disclosure reveals that another customer initiated investment related complaint regarding Courtney’s activities was resolved for $13,500.03 in damages based upon allegations that while Courtney was associated with Salomon Smith Barney, unsuitable stock and corporate bond investment recommendations were made to the customer, and the customer suffered from unwarranted poor performance on the investments selected for the customer’s account.
Courtney has been registered with Stifel Nicolaus Company Incorporated since November 28, 2007.