Securities Lawyers Blog
Our law firm represents individual and institutional investors that have been mistreated by their brokers and brokerage firms, such as Stifel Independent Advisors, LLC. Many investors do not recognize broker misconduct in their accounts, and those that do are often hesitant to seek help. Broker misconduct spans many issues that violate industry rules, including unauthorized trading, breach of fiduciary duty, unsuitable asset allocation, and churning. The attorneys at Gana Weinstein LLP can analyze your accounts and investments to determine if there was misconduct in the handling of your account.
Stifel Independent Advisors is an independent broker-dealer, insurance broker and investment adviser that supports financial professionals offering financial planning, portfolio management, pension consulting and the selection of third-party managers to individuals and institutions. Headquartered at 501 North Broadway in Saint Louis, Missouri, the firm serves a client base made up largely of high-net-worth individuals along with retirement plans, charitable organizations and corporations.
Stifel Independent Advisors, LLC – By the Numbers:
- CRD #: 28218
- Regulatory Events: 3
- Arbitration Events: 1
- Broker Employees: 68
Stifel Independent Advisors, LLC – Investment Advisors:
- SEC #: 43561
- Assets Under Management: $5,006,962,899
- ADV Form Employee: 198
Stifel Independent Advisors, LLC – In the News:
FINRA v. Stifel Independent Advisors, LLC (Case #2019061350401) – During the relevant period, Stifel, Nicolaus and SIA (together, the Stifel firms or the firms) again failed to establish, maintain, and enforce supervisory systems, including written supervisory procedures (WSPs), reasonably designed to achieve compliance with their suitability obligations in connection with transactions involving NT-ETFs and other non-traditional exchange-traded products (NT-ETPs). NT-ETPs are complex products that are designed to be held for only short periods of time, typically a single day or a single month. Stifel failed to take reasonable steps to detect and address hundreds of potentially unsuitable recommendations that customers buy and hold NT-ETPs for longer periods of time than they were designed to be held, resulting in realized losses for customers. As a result, Stifel violated NASD Rule 3010 and FINRA Rules 3110 and 2010.
Our attorneys have successfully represented hundreds of investors in investment disputes with their brokers and brokerage firms. Our consultations are free and we welcome all inquiries.