Customer Wins FINRA Case Against Stifel Nicolaus & Co. And Its Investment Broker

A recent FINRA Award serves as a warning to brokerages and brokers that they must timely process customer paperwork. The broker for Stifel, Nicolaus & Co. failed to timely change the customer’s beneficiary on an annuity. The customer hired a securities arbitration attorney and filed a claim for damages of $100,000. After a four-day arbitration …

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At FINRA Justice Can Be Swift – Customer Wins 10 Months After Filing His Case

In a case against Charles Schwab & Co., Inc. the customer won a securities arbitration in Hawaii only 10 months after filing his claim. After a three day arbitration conducted in Honolulu the Panel awarded $45,000 to the customer who alleged investment misrepresentation and violations of Hawaii investment law. See Case Number 09-03470. Charles Schwab …

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Do you believe an investment broker mismanaged your money?

Public FINRA records indicate there are numerous brokers who face customer complaints and/or regulatory investigations. Currently Thomas Law Group is seeking to hear from Investors who had their accounts entrusted to Russell G. Cappelen Jr. (CRD# 1261781) at UBS Financial Services, Inc. According to FINRA broker check, Russell Cappelen may have ignored customer’s circumstances and …

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Brokers: problems with FINRA inquiry after leaving Fidelity Investments?

If you were a Fidelity Investments broker who was forced to resign due to the Acclaris/ WageWorks Computer Equipment Purchase Assistance Program or Fitness Reimbursement Program which resulted in a Form U5 disclosure – contact us today. You will receive or have already received an inquiry letter from FINRA regarding your participation in these Programs. …

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How Low Can Oil Go?

First, oil prices have been going down since the summer of 2015 due to reduced global demand as well as oversupply; then the concerns over the Chinese economic slowdown shook markets all over the world. Since that time oil prices have been steadily falling. According to U.S. Bank Wealth Management strategist Rob Hayworth: “Oil and …

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Although global growth estimate is cut, U.S. economy pegged at slow but steady grow.

Despite the market woes and persistent fears over the Chinese yuan affecting global markets, many analysts still expect the U.S. economy to expand at a slow but steady 2.5% annual rate. Consumers are increasing their spending and the unemployment is at its lowest since 2008. According to Wall Street Journal, “growth stocks—shares of companies that …

Although global growth estimate is cut, U.S. economy pegged at slow but steady grow. Read More »