Securities Lawyers Blog
According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Richard Schultz (Schultz), previously associated with Stifel, Nicolaus & Company, Incorporated, has at least one disclosable event. These events include one customer complaint, alleging that Schultz recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.
FINRA BrokerCheck shows a award / judgment customer complaint with a damage request of $2,928,362.00 on March 05, 2021.
Richard Schultz was named in a customer complaint that asserted the following causes of action: breach of fiduciary duties; breach of Minnesota securities statutes; breach of the Minnesota Consumer Fraud Act; suitability; fraudulent misrepresentation and negligent misrepresentation; common law fraud; negligence; breach of contract; fraudulent misrepresentation by silence; failure to supervise; and respondeat superior.