Tag Archives: Stifel Nicolaus & Company Inc.

Stifel Nicolaus Sued By Investors For Breach Of Fiduciary Duty

February 16, 2021  |   Posted by :   |   Breach of Fiduciary Duty, Failure To Supervise, FINRA Securities Arbitration, Investment and Regulatory News, Over Concentration   |   Comments Off on Stifel Nicolaus Sued By Investors For Breach Of Fiduciary Duty

Scott Alan Sanders of Fort Myers Florida a stockbroker formerly registered with Stifel Nicolaus Co. Inc. is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer was awarded $100,000.00 in damages supported by Stifel Nicolaus being found liable on the customer’s claims including breach of contract and breach […]

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Investors Accuse UBS Of Unauthorized Trading

February 16, 2021  |   Posted by :   |   Bond Fraud, Investment and Regulatory News   |   Comments Off on Investors Accuse UBS Of Unauthorized Trading

Robert David Cohen (also known as Bob Cohen and as Rob Cohen) a former stockbroker and investment adviser representative of UBS Financial Services has been referenced in a customer initiated investment related written complaint on January 14, 2019 where the customer sought more than $5,000.00 in damages founded on accusations that unauthorized bond purchases were […]

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Stifel Nicolaus Stockbroker Barred For Failure To Pay Arbitration Award

September 14, 2020  |   Posted by :   |   Breach of Fiduciary Duty, Securities Arbitration Claims   |   Comments Off on Stifel Nicolaus Stockbroker Barred For Failure To Pay Arbitration Award

David Wilson Fleming II of White Plains New York a stockbroker formerly registered with Stifel Nicolaus has been suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by accusations that he neglected to confirm with FINRA whether he paid $401,000.00 in compensatory damages plus interest to a customer as […]

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Stifel Nicolaus Sued By Investors For Breach of Fiduciary Duty

September 14, 2020  |   Posted by :   |   Breach of Fiduciary Duty, Securities Arbitration Claims, Stockbroker Negligence   |   Comments Off on Stifel Nicolaus Sued By Investors For Breach of Fiduciary Duty

Andrew Bruce Elsoffer of Pepper Pike Ohio a stockbroker formerly registered with Stifel Nicolaus Company is the subject of a customer initiated investment related arbitration claim in which the customer sought $250,000.00 in damages based upon accusations that a fiduciary duty that was owed to the customer had been breached by the stockbroker and that […]

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SEC Bars Stifel Nicolaus Stockbroker For Fraud

July 20, 2020  |   Posted by :   |   FINRA Securities Arbitration, Misappropriation of Funds, Securities Fraud, Stockbroker Theft   |   Comments Off on SEC Bars Stifel Nicolaus Stockbroker For Fraud

Mitchell Toby Yanow of Boca Raton Florida a stockbroker formerly associated with Stifel Nicolaus Company Incorporated has been barred from being a stockbroker or investment adviser representative or otherwise associating with any securities broker dealer or investment advisory according to an SEC Order based on Yanow pleading guilty to wire fraud. In the Matter of […]

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Investors Sue Stifel Nicolaus For Unauthorized Trading

July 20, 2020  |   Posted by :   |   Securities Arbitration Claims, Unauthorized Trading   |   Comments Off on Investors Sue Stifel Nicolaus For Unauthorized Trading

Jeffrey Scott Olson of Minneapolis Minnesota a stockbroker and financial advisor formerly registered with Stifel Nicolaus is the subject of a customer initiated investment related arbitration claim in which the customer requested $90,000.00 in damages based upon allegations that unauthorized trades were effected in the customer’s account and that the customer received bad investment advice […]

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Stifel Nicolaus Sanctioned For Failure To Supervise

June 08, 2020  |   Posted by :   |   Failure To Supervise, Unit Investment Trusts (UITs)   |   Comments Off on Stifel Nicolaus Sanctioned For Failure To Supervise

Stifel Nicolaus a securities broker dealer headquartered in Saint Louis Missouri has been censured and fined $1,750,000.00 by Financial Industry Regulatory Authority (FINRA) founded on findings that (1) Stifel Nicolaus failed to supervise customers’ unit investment trust transactions which led to seemingly inappropriate and unwarranted sales charges and (2) Stifel Nicolaus provided customers with wrong […]

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Stifel Nicolaus Stockbroker Discharged For Mishandling Funds

Andrew Bruce Elsoffer of Pepper Pike Ohio a stockbroker formerly registered with Stifel Nicolaus Company Inc. has been discharged by the securities broker dealer on October 16, 2018 based upon accusations that Elsoffer failed to comply with rules or procedures regarding the handling of customer funds and (2) Stifel Nicolaus lost confidence in Elsoffer because […]

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Investors Sue Stifel Nicolaus For Excessive Trading

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 […]

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Stifel Nicholas Sued By Investors For Churning

Charles John Obryant III of Raleigh North Carolina a stockbroker formerly registered with Stifel Nicholas Co. Inc. is the subject of a customer initiated investment related arbitration claim which was settled for $330,000.00 in damages founded on accusations that (1) stock trades effected in the customer’s account failed to be suitable for the customer given […]

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FINRA Targets Stifel Nicolaus Stockbroker For Selling Away

Joseph Hersey Pratt (also known as Joseph Hershey Butcher and J.H. Pratt) of Conshohocken Pennsylvania a stockbroker currently registered with Stifel Nicolaus Company is referenced in a Financial Industry Regulatory Authority (FINRA) investigation in which FINRA conveyed that its Department of Enforcement should take disciplinary action against Pratt for allegedly (1) engaging in private securities […]

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SEC Bars Stifel Nicolaus Stockbroker For Fraud

Jon Brett Schmidhammer of Dublin Ohio a stockbroker formerly employed by Stifel Nicolaus Company Inc. has been barred by Securities and Exchange Commission (SEC) from being a stockbroker or investment adviser representative or otherwise associating with securities broker dealers or investment advisors according to an Order Instituting Administrative Proceedings Pursuant To Securities Exchange Act of […]

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Stifel Nicolaus Sued By Investors For Fraud

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 […]

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Investors Accuse Stifel Nicolaus Of Fraud

Keith Edwin Downard of Canfield Ohio a stockbroker currently employed by Stifel Nicolaus Company Inc. is the subject of a customer initiated investment related complaint which settled for $51,242.45 in damages on April 8, 2016 supported by allegations that misrepresentations had been made to the customer concerning the risks of mortgage-related asset-backed debt investments purchased […]

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Stifel Nicolaus Blamed By Investors For Bad Trades

Francine Louise Foerst of Goshen New York a stockbroker currently employed by Stifel Nicolaus Company Inc. is the subject of a customer initiated investment related written complaint on March 6, 2017 in which the customer sought $27,000.00 in damages supported by accusations that the customer was placed in inappropriate stock positions between January of 2015 […]

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Stifel Nicolaus Accused By Investor Of Churning

Marc Efram Sukoneck of Florham Park New Jersey a stockbroker formerly employed by Stifel Nicolaus Company is the subject of a customer initiated investment related written complaint on September 22, 2017 where the customer sought $32,500.00 in damages founded on accusations that Sukoneck (1) placed the customers in equities that were not appropriate for them […]

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Stifel Nicolaus Sued By Customer For Fraud

Scott William Macolino of Atlanta Georgia a stockbroker formerly registered with Stifel Nicolaus Company Inc. is the subject of a customer initiated investment related arbitration claim in which the customer requested $121,000.00 in damages based upon allegations including (1) misrepresentation (2) fraud (3) breach of contract (4) negligence (5) breach of fiduciary duty and (6) […]

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Stifel Stockbroker Barred For Stealing

Mitchell Toby Yanow of Boca Raton Florida a stockbroker formerly registered with Stifel Nicolaus Company has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he converted a Stifel customer’s funds. Letter of Acceptance Waiver and Consent No. 2018058538001 (July 11, 2018). According […]

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Investor Accuses Stifel Nicolaus Of Fraud

Kevin Patrick McKenna of Wausau Wisconsin a stockbroker formerly registered with Stifel Nicolaus is the subject of a customer initiated investment related complaint that settled for $13,466.26 in damages supported by accusations that McKenna misrepresented over-the-counter equities as conservative investments that provided a layer of protection to the customer through a put option. FINRA Public […]

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Investors Sue Stifel Nicolaus For Fraud

July 12, 2018  |   Posted by :   |   Investment and Regulatory News, Stockbroker Negligence   |   0 Comments

John Hoff Russell of Clayton Missouri a stockbroker currently employed by Stifel Nicolaus Company is the subject of a customer initiated investment related civil action where the customer sought $25,000.00 in damages founded on accusations that (1) the customer’s investment account was administered in a negligent fashion (2) fiduciary duties that were owed to the […]

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Stifel Nicolaus Sued By Customer For Municipal Securities Fraud

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 requested $970,000.00 in damages supported by accusations including (1) suitability (2) securities fraud and (3) misrepresentation relating to municipal debt transactions executed in the customer’s […]

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FINRA Fines Stifel Nicolaus Broker For Selling Away

December 15, 2017  |   Posted by :   |   Selling Away and Outside Activities   |   0 Comments

Joseph Daniel Krueger, II, of Westlake, Ohio, a stockbroker registered with Stifel, Nicolaus & Company, has been fined $5,000.00 and suspended for three months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he engaged in unapproved private securities transactions. Letter of Acceptance, Waiver and […]

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Barclays Capital Sued By Customer For Fraud

Mark James Stevenson, of New York, New York, a stockbroker formerly registered with Barclays Capital Inc., is the subject of a customer initiated investment related arbitration claim on June 15, 2017, where the customer requested $3,525,460.00 in damages based upon allegations that Stevenson violated Securities Exchange Act of 1934 Section 10(b), breached his fiduciary duties, […]

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Stifel Nicolaus Stockbroker Sanctioned For Unauthorized Trading

July 03, 2017  |   Posted by :   |   Investment and Regulatory News, Unauthorized Trading   |   0 Comments

Donald Lee Stark, of Waterloo, Iowa, a stockbroker currently registered with Stifel, Nicolaus & Company, Incorporated, has been fined $5,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he effected trades in a customer’s account without the customer’s consent. Letter of Acceptance, […]

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Stifel Nicholas Stockbroker Fired For Cause

June 19, 2017  |   Posted by :   |   Investment and Regulatory News   |   0 Comments

Jodi Ann Reed, of Chicago, Illinois, a stockbroker registered with Stifel, Nicolaus & Company, Inc., was terminated from employment on May 20, 2016, based upon allegations that the firm lost confidence in her following the receipt of two customer initiated investment related disputes pertaining to Reed’s purported sales practice violations. Financial Industry Regulatory Authority (FINRA) […]

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Stifel Nicolaus Stockbroker Suspended For Lying

May 30, 2017  |   Posted by :   |   Investment and Regulatory News   |   0 Comments

David Todd II, of Kent, Ohio, a stockbroker formerly registered with Stifel, Nicolaus & Company, Inc., has been fined $15,000.00 and suspended for four months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that Todd, inter alia, made misleading statements to customers in the course […]

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Stifel Nicolaus Stockbroker Barred In Investigation

May 05, 2017  |   Posted by :   |   Customer Loans, Investment and Regulatory News   |   0 Comments

Aileen Eppig, of Hauppauge, New York, a stockbroker formerly registered with Stifel, Nicolaus & Company, Inc., has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that she failed to cooperate in a FINRA investigation into allegations that she engaged in unauthorized loan arrangements […]

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Stifel Nicolaus Stockbroker Barred In Investigation

April 10, 2017  |   Posted by :   |   Investment and Regulatory News   |   0 Comments

Deborah Dickson Kelley, of San Francisco, California, a stockbroker formerly registered with Stifel Nicolaus & Company, Inc., has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that she obstructed an investigation into allegations that she provided unauthorized gifts to a public pension portfolio […]

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Stifel Nicolaus Stockbroker Sanctioned For Unauthorized Trading

March 16, 2017  |   Posted by :   |   Investment and Regulatory News, Unauthorized Trading   |   0 Comments

Robert W. Berry, of Fairlawn, Ohio, a stockbroker currently registered with Stifel, Nicolaus & Company, Inc., has been fined and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that effected unauthorized trades in customer accounts. Letter of Acceptance, Waiver and Consent, No. 2015046243901 (Mar. 7, […]

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Stifel Nicolaus Stockbroker Suspended For Misconduct

Harold S. Pomeranz, of Garden City, New York, a stockbroker formerly registered with Stifel, Nicolaus & Company, Inc., has been fined $5,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he made unsuitable investment recommendations to a customer. Letter of Acceptance, Waiver […]

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