Stifel Nicolaus & Co., Inc. / Stifel Financial Corp.

Stifel Nicolaus & Co., Inc/Stifel Financial Corp.

Stifel Financial Corp. is a full-service regional brokerage and investment banking firm, established in 1890 and based in St. Louis, Missouri. The Company provides securities brokerage, investment banking, trading, investment advisory, and related financial services through its wholly owned subsidiaries, primarily Stifel, Nicolaus & Company, Incorporated, to individual investors, professional money managers, businesses, and municipalities. Stifel claims that putting the welfare of its clients comes first and that its desire is to exceed clients’ expectations.

Stifel Nicolaus Ordered to Pay Customers $151,000

A FINRA arbitration panel ordered Stifel Nicolaus to pay two investors $151,000 to compensate them for damages that they suffered as a result of Stifel’s misconduct. The investors accused Stifel of fraud, breach of fiduciary duty, negligence, and failure to supervise in relation to recommendations and sales of securities in American l-tome Mortgage Investment, Capstead Mortgage, Luminent Mortgage Capital, Resource Capital, and Hanover Capital Mortgage real
estate investment trusts.

Stifel Nicolaus Ordered to Pay Customer $220,000

A FINRA arbitration panel ordered Stifel Nicolaus to pay an investor $220,000 to compensate him for damages that he suffered as a result of Stifel’s misconduct. The investors accused Stifel of fraud, breach of fiduciary duty, negligence, negligent supervision, and violations of state investor protection laws. The investors claimed that Stifel created an unsuitable retirement portfolio by investing his money too aggressively.

If you suffered investment losses, please contact us or communicate with a Dimond Kaplan & Rothstein, P.A. attorney at 888-578-6255 or jkaplan@dkrpa.com for a free case evaluation.