UPDATE JULY 2017–FINRA records disclose that arbitration 15-3427, discussed below, was settled 2/2017 for $117,477.
August 2016-ORIGINAL POST The FINRA records of Robert Kyle Ratcliff , a stock broker who is currently employed by Stifel, Nicolaus & Co. , disclose a currently pending customer dispute.
The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.
In currently pending FINRA arbitration 15-03427, a customer of Stifel, Nicolaus alleges damages of $75,000 for breach of fiduciary duty, negligence, failure to supervise, failure to make suitable investment recommendations, unauthorized trading, violations of Texas Securities Act, fraud, misrepresentation and breach of contract from 4/28/2011-5/28/2013.
Ratcliff has been employed by Stifel, Nicolaus & Co. since 2/2010. His prior employment includes Wells Fargo Advisors and A.G. Edwards & Sons.
Rex Securities Law , with offices in Boca Raton, FL, and Austin, TX, provides representation to investors nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.
Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.
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