Multiple Allegations of Wrongdoing Filed Against Stifel, Nicolaus & Co Advisor
Stifel, Nicolaus & Company, Inc. is facing more than $20 million of claims relating to alleged misconduct by Stifel broker Chuck A. Roberts multiple. Many of those claims involves improper recommendations and sales of structured notes.
Dimond Kaplan & Rothstein, P.A. partner Jeffrey Kaplan represents individuals who have sustained financial losses as a result of stockbroker misconduct or wrongdoing. Attorney Kaplan is well-versed in handling complex claims and will help ensure you get the best possible outcome in your case. If you suffered losses investing with Stifel and Chuck Roberts or another broker, contact our office to schedule a free, no-obligation consultation.
Stifel, Nicolaus & Co. Broker Accused of Misconduct
According to his BrokerCheck report, Chuck A. Roberts (CRD#: 2064602) has eight pending customer disputes. The disputes allege that the Stifel, Nicolaus & Co., through broker Roberts, breached its fiduciary duties and engaged in fraud and negligence. It is estimated that Stifel faces $23.5 million in investor claims related to Roberts’ sales of structured notes.
This is not the first time Roberts has been accused of wrongdoing. In 2010, more than $200,000 in damages were awarded to a customer who alleged Roberts made unsuitable and unauthorized trades and misrepresented certain investments.
Regulatory Actions Against Chuck A. Roberts
Broker Chuck Roberts has 33 years of experience. He has worked for eight firms, including Morgan Stanley, Citigroup, and Oppenheimer & Co. Throughout his career, he has had twelve disclosures, including the pending allegations of wrongdoing detailed above.
Prior to these customer disputes, Roberts faced regulatory action by the Financial Industry Regulatory Authority, Inc. (FINRA) and the State of Illinois and was fined and served a four-week suspension.
Did You Suffer Losses After Investing with Chuck Roberts?
If you suffered investment losses with Stifel and Chuck A. Roberts or another broker, the investment fraud lawyers at Dimond Kaplan & Rothstein can help you understand your rights and can fight to ensure you receive the recovery you deserve.
Attorney Jeffrey Kaplan is an experienced litigator who has handled numerous investment and securities fraud cases. The DKR firm will work tirelessly to ensure you receive the compensation you deserve. Contact our office to schedule a free, no-obligation consultation. There are no fees unless we recover money for you.
