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 by Sunlife and Manulife and a Friedman Billings Ramsey Real Estate Investment Trust (REIT).

If you believe that you may have been the victim of stockbroker, fraud, misconduct or malpractice in connection with variable annuities, REITs or other securities or investment products please call Maryland Investment Fraud Attorneys West & West at 410-296-4655.