Are You a High-Net-Worth Investor in South Florida Who Lost Money in Structured Notes or other Securities at Stifel Nicolaus?
If you are a high-net-worth investor in South Florida who had an account with Stifel Nicolaus broker Chuck Roberts and you suffered significant losses, you may be entitled to compensation.
Dimond Kaplan & Rothstein is a law firm with extensive knowledge in investment fraud cases. We have recovered hundreds of millions of dollars for defrauded investors.
What are Structured Notes?
Structured notes are complex financial instruments that can be highly risky. They often involve a combination of debt securities and derivatives, making them difficult for investors to understand. If you were misled about the risks of structured notes or were not given appropriate disclosures, you may have grounds for a claim to recover your losses. Further, if you suffered losses because your Stifel account was traded inappropriately, you also may be entitled to compensation.Â
Allegations Against Chuck Roberts
Chuck Roberts is facing multiple FINRA arbitration claims alleging that he:
- Made unsuitable recommendations: Roberts may have recommended structured notes to investors who were not financially prepared for the risks.
- Engaged in fraudulent conduct: Some clients allege that Roberts misrepresented the nature of structured notes or made false promises about their potential returns.
- Breached his fiduciary duty: As a broker, Roberts had a duty to act in his clients' best interests. If he failed to do so, he may be liable for any losses they suffered.
According to his FINRA BrokerCheck report, former Stifel Nicolaus broker Chuck A. Roberts has 16 pending customer complaints (as of August 2024). The disputes allege that Stifel, Nicolaus & Co., through broker Roberts, breached its fiduciary duties and engaged in fraud and negligence.
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.
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. DKR understands that securities regulators had required heightened supervisions over Roberts due to Roberts’ prior misconduct. DKR further believes that Stifel failed to properly enforce heightened supervision protocols over Roberts.Â
Dimond Kaplan & Rothstein Can Help
At Dimond Kaplan & Rothstein, our experienced investment fraud attorneys have a proven track record of representing investors who have been harmed by broker misconduct. We understand the devastating financial consequences of investing in unsuitable investment products.
If you lost $250,000 or more investing with Chuck Roberts at Stifel Nicolaus, contact us today for a free consultation. We will evaluate your case and help you determine your legal options.
Don't wait. Time is of the essence in these cases. Contact us now to protect your rights.