Tag Archives: Stifel Nicolaus & Company

FINRA Sanctions Stifel Stockbroker For Churning Unit Investment Trusts

November 30, 2020  |   Posted by :   |   FINRA Securities Arbitration, Investment and Regulatory News, Unit Investment Trusts (UITs)   |   Comments Off on FINRA Sanctions Stifel Stockbroker For Churning Unit Investment Trusts

Kurt Jason Gunter of Austin Texas a stockbroker formerly registered with Stifel Nicolaus Company Incorporated has been fined $10,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings that he made recommendations that were not suitable for Stifel Nicolaus customers as it pertained to unit investment […]

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SEC Bars Stifel Nicolaus Stockbroker For Misappropriation

November 04, 2020  |   Posted by :   |   Misappropriation of Funds, Securities Arbitration Claims, Stockbroker Theft   |   Comments Off on SEC Bars Stifel Nicolaus Stockbroker For Misappropriation

Steven Dale Rodemer of Pueblo Colorado a stockbroker formerly registered with Stifel Nicolaus Company Incorporated is the subject of a Securities Exchange Commission (SEC) Administrative Order in which he has been barred from being a stockbroker or investment adviser representative and has been barred from being employed by any securities broker dealer or investment advisory […]

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Investors Bring FINRA Securities Arbitration Claim Against Stifel Nicolaus For Selling Away

September 30, 2020  |   Posted by :   |   Breach of Fiduciary Duty, Securities Arbitration Claims, Selling Away and Outside Activities   |   Comments Off on Investors Bring FINRA Securities Arbitration Claim Against Stifel Nicolaus For Selling Away

Joseph Hersey Pratt (also known as Joseph Butcher and as J.H. Pratt) of Conshohocken Pennsylvania a stockbroker formerly employed by Stifel Nicolaus is the subject of a customer initiated investment related arbitration claim where the customer sought $232,000.00 in damages founded upon allegations of the violation of Section 517 of the Florida Securities and Investor […]

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Investors Sue Stifel Nicolaus For Fraud

September 14, 2020  |   Posted by :   |   Breach of Fiduciary Duty, Securities Arbitration Claims   |   Comments Off on Investors Sue Stifel Nicolaus For Fraud

John Hoff Russell of Clayton Missouri a stockbroker and investment adviser representative currently registered with Stifel Nicolaus Co. Inc. has been named in a customer initiated investment related arbitration claim in which the customer was awarded $800,000.00 in compensatory damages supported by Russell being found liable on the customer’s causes of action including that FINRA […]

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Stifel Nicolaus Sued By Investors For Fraud

July 11, 2020  |   Posted by :   |   Securities Arbitration Claims, Securities Fraud   |   Comments Off on Stifel Nicolaus Sued By Investors For Fraud

Kevin Patrick McKenna of Wausau Wisconsin a stockbroker formerly associated with Stifel Nicolaus Company has been referenced in a customer initiated investment related arbitration claim in which the customer requested $600,000.00 in damages supported by allegations of unauthorized and fraudulent securities transactions by McKenna pertaining to direct participation program interests or limited partnership interests during […]

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Stifel Stockbroker Sanctioned For Unauthorized Trading

April 08, 2020  |   Posted by :   |   FINRA Securities Arbitration, Unauthorized Trading   |   Comments Off on Stifel Stockbroker Sanctioned For Unauthorized Trading

Charles Henry Postel (also known as Chuck Postel) of Westlake Ohio a stockbroker formerly 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 findings that the stockbroker effected unauthorized transactions in customer accounts. Letter of Acceptance Waiver […]

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Stifel Nicolaus Sued By Investors For Fraud

April 08, 2020  |   Posted by :   |   Breach of Fiduciary Duty, Securities Arbitration Claims, Securities Fraud   |   Comments Off on Stifel Nicolaus Sued By Investors For Fraud

Coleman Joseph Devlin of Baltimore Maryland a stockbroker registered with Stifel Nicolaus Co. Inc. is referenced in a customer initiated investment related arbitration claim in which the customer requested $11,500,000.00 in damages supported by allegations of the customer being defrauded and incurring losses because of investments including options and over-the-counter equities sold by Devlin during […]

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Investors Sue Stifel Nicolaus For Securities Fraud

John Basile Manikas of Chicago Illinois a stockbroker formerly employed by Stifel Nicolaus Company Incorporated is the subject of a customer initiated investment related arbitration claim which settled for $342,500.00 in damages founded on allegations that (1) the customer had been defrauded (2) contractual obligations had been breached (3) the customer’s account was handled negligently […]

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Morgan Stanley Broker Suspended For Selling Away

Richard S. Botkin, of Roseville, California, a stockbroker formerly registered with Morgan Stanley, 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 he effected private securities transactions without notification to his firm. Letter of Acceptance, Waiver […]

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Former Stifel Nicolaus Stockbroker Barred In Investigation

Jay J. Gruenebaum, of Zanesville, Ohio, a stockbroker formerly registered with Stifel, Nicolaus & Company, was permanently barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity after consenting to findings that he obstructed a FINRA investigation into allegations that Gruenebaum mishandled customer accounts. Letter of Acceptance, Waiver and Consent, No. […]

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Stifel Nicolaus & Company Principal Suspended for Failure to Supervise

Robert N. Adrian of Memphis, Tennessee, a registered representative with Stifel, Nicolaus & Company, was fined $5,000 and suspended for forty-five days from association with any Financial Industry Regulatory Authority (FINRA) member in all principal capacities after consenting to findings that he failed to supervise a registered representative in a manner designed to detect the […]

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