Securities Lawyers Blog
Financial advisor complaints, broker complaints, and FINRA customer disputes are public on BrokerCheck, and a broker’s regulatory history is often the first thing an investor checks after an unexpected loss. The investor attorneys at Gana Weinstein LLP help customers of firms such as Stephens understand what a financial advisor’s disciplinary history means and whether their own losses support a claim against the broker or the brokerage firm.
Stephens is a full-service financial services firm offering investment banking and advisory, equity research, institutional sales and trading, public finance, wealth management, insurance and private capital. Founded in 1933 and headquartered in Little Rock, Arkansas, the family-owned firm has 26 locations across the United States and Europe and serves corporations, governments, institutions and individuals.
Stephens – By the Numbers:
- CRD #: 3496
- Regulatory Events: 47
- Arbitration Events: 3
- Broker Employees: 559
Stephens – Investment Advisors:
- SEC #: 15510
- Assets Under Management: $18,044,844,233
- ADV Form Employee: 611
Stephens – In the News:
FINRA v. Stephens (Case #2022075470401) – From January 2021 through August 2024, Stephens violated MSRB Rule G-27 by failing to establish, maintain, and enforce a supervisory system, including written supervisory procedures (WSPs), reasonably designed to achieve compliance with the provisions of MSRB Rule G-37(b) governing political contributions by firms and municipal finance professionals (MFPs). For this violation, Stephens is censured and fined $90,000.
If you have suffered investment losses at Stephens, the FINRA arbitration attorneys at Gana Weinstein LLP can review your accounts and tell you whether you have a claim. Our consultations are free and we welcome all inquiries.