Tag Archives: Stifel Nicolaus

Stifel Nicolaus Sued By Customer For Fraud

February 19, 2018  |   Posted by :   |   Investment and Regulatory News, Unauthorized Trading   |   0 Comments

Coleman Joseph Devlin is a stockbroker formerly registered with Stifel Nicolaus who is the subject of a customer initiated investment related arbitration claim where the customer requested three hundred thousand dollars in damages based upon accusations of (1) violations of Maryland Securities Act (2) breach of fiduciary duty (3) breach of contract (4) common law […]

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Stifel Stockbroker Barred For Unauthorized Trading

November 01, 2017  |   Posted by :   |   Unauthorized Trading   |   0 Comments

Coleman J. Devlin, a stockbroker formerly registered with Stifel, Nicolaus & Company, Inc., has been fined $5,000.00 and suspended from associating with any FINRA member in any and all capacities based upon allegations that he placed trades in the firm’s customer accounts without having authorization. Letter of Acceptance, Waiver and Consent, No. 2016050359301 (Oct. 18, […]

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Stifel Nicolaus Sued For Securities Fraud

September 22, 2017  |   Posted by :   |   Investment and Regulatory News, Securities Fraud   |   0 Comments

Andrew Bruce Elsoffer, of Pepper Pike, Ohio, a stockbroker currently registered with Stifel, Nicolaus & Company, Inc., is the subject of a customer initiated investment related arbitration claim, which settled on October 27, 2016, for $165,000.00 in damages supported by allegations of negligence, breach of contract, elder abuse, elder exploitation, breach of fiduciary duty, suitability, […]

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Stifel Nicolaus Fined $350,000 for Failure to Supervise Scheming Broker

Last month, brokerage firm Stifel, Nicolaus & Co. Inc. settled a disciplinary action brought against it by the Financial Industry Regulatory Authority (FINRA) after one of the firm’s brokers ran a Ponzi scheme that defrauded customers. The terms of the settlement included a $350,000 fine and a censure. Stifel Nicolaus also agreed to pay restitution […]

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