FINRA Arbitration Award

FINRA Arbitration Panel Finds Stifel Nicolaus And Broker Liable For Over $1.5M

By WEALAW / April 2, 2015 / Comments Off on FINRA Arbitration Panel Finds Stifel Nicolaus And Broker Liable For Over $1.5M

On March 31, 2015 in Gilbert v. Noble and Stifel Nicolaus, FINRA Case Number 12-02897, the Panel found Respondents jointly and severally liable for compensatory damages in the amount of $1,292,342.00 and attorneys’ fees in the amount of $250,000.00.  The claims related to the use of margin as well as purchases of variable annuities issued…

Read More