Martin Allen Stevens Jr., of Denver, Colorado, a stockbroker registered with Stifel, Nicolaus & Company, Incorporated, has been subject of a customer initiated investment related arbitration claim, in which the customer requested $249,000.00 in damages based upon allegations of breach of contract, misrepresentation, suitability, negligence, breach of fiduciary duty, and fraud in regard to equity transactions effected in the customer’s account. Financial Industry Regulatory Authority (FINRA) Arbitration No. 17-002284 (Aug. 31, 2017).
FINRA Public Disclosure reveals that Stevens has been identified in six additional customer initiated investment related disputes containing allegations of Stevens’ misconduct while employed with Stifel, Nicolaus & Company, Incorporated. Particularly, on December 15, 1998, a customer filed an investment related written complaint involving Stevens’ conduct, in which the customer requested $13,367.94 in damages based upon allegations of unsuitable trades having been effected in the customer’s investment portfolio.
Subsequently, on March 4, 2002, a customer filed an investment related written complaint regarding Stevens’ activities, in which the customer requested $13,476.24 in damages supported by accusations that mutual fund trades were effected in the customer’s account that were not suitable for the customer. Thereafter, on April 5, 2004, a customer brought an investment related written complaint concerning Stevens’ conduct, where the customer sought $30,000.00 in damages founded upon allegations that Stevens made unsuitable investment recommendations to the customer regarding equities in EMC and WCG, where WCG went bankrupt weeks following the customer’s purchase.
Moreover, on July 16, 2015, a customer filed an investment related written complaint regarding Stevens’ activities, in which the customer requested $47,819.00 in damages based upon allegations that Stevens inappropriately advised the customer to rollover the customer’s assets into one over-the-counter equity position. Then, a customer filed an investment related arbitration claim involving Stevens’ conduct, in which the customer requested $34,719.00 in damages supported by allegations of unsuitable equity investment transactions.
Stevens has been associated with eight different broker dealers, two of which have been expelled by securities regulators for violation of federal securities laws or are otherwise defunct.
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