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Broker Misconduct Investigation: Adam Chustz (Stifel Nicolaus)

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Updated on: November 16, 2025

National investment loss lawyers KlaymanToskes is investigating broker Adam Chustz (CRD# 4129813), of Stifel Nicolaus & Company.

According to FINRA BrokerCheck, Adam Chustz of Stifel Nicolaus & Company is facing several customer complaints alleging $5,977,000 in collective investor damages. The investor complaints relate to mutual fund investment losses.

KlaymanToskes is currently investigating brokers who unsuitably recommended the Easterly ROCMuni High Income Municipal Bond Fund, which collapsed nearly 50% in a single day due to its heavy concentration in illiquid, high-risk municipal securities, causing tens of millions in investor losses.

Investors that suffered losses with broker Adam Chustz are encouraged to contact attorney Lawrence L. Klayman, Esq., at 888-997-9956 or by email at investigations@klaymantoskes.com to discuss potential recovery options. We do not collect attorney’s fees unless we are able to obtain a financial recovery for you.

Customers of Stifel Broker Adam Chustz Allege Over $5M in Damages 

Financial advisor Adam Chustz, of Stifel Nicolaus & Company, is facing multiple pending customer complaints totaling over $5 million in alleged damages, involving claims of breach of contract, fraud, negligence, misrepresentation, breach of fiduciary duty, failure to supervise, and violations of consumer protection and state securities laws, as well as allegations of unsuitable investment recommendations.

According to FINRA BrokerCheck, Chustz is currently registered as a broker with Stifel in Paducah, KY, and was also previously registered as a financial advisor with Edward Jones untilFebruary 2018.

Investment Losses with Broker Adam Chustz?

Investment Losses with Broker Adam Chustz?

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Signs Investors Should Look Out For About Their Brokerage Accounts

As an investor, there are a few signs that you should look out for if you believe you may have a claim against your financial advisor. These signs could potentially indicate misconduct, negligence, or investment fraud. Investors are encouraged to contact our firm immediately if you have experienced any of the following:

  • You have substantial losses in your investment accounts
  • You received a call, email, or other communication from your broker’s supervisor or manager regarding your portfolio
  • Your broker misrepresented investment opportunities, or failed to disclose details about investments
  • You notice unauthorized transactions in your investment accounts
  • Your broker is not returning your calls or emails
  • You filed a complaint with your brokerage firm that has not been resolved
  • You see a mistake on your statement, or receive a fraudulent statement

Some investors have close relationships with their brokers due to the time and trust built over the course of their investment relationship. However, it is crucial to remember that financial decisions should be based on careful analysis and due diligence rather than solely relying on personal relationships.

Engaging the services of an experienced securities attorney to evaluate your specific circumstances is strongly advised. At KlaymanToskes, our team of experienced securities attorneys has a deep understanding of this complex area of law, allowing us to provide invaluable insight and tailored guidance that directly addresses your individual needs.

If you suffered losses with broker Adam Chustz, or have concerns regarding your investment portfolio at Stifel Nicolaus & Company, or with any other financial advisor or firm, contact KlaymanToskes at 888-997-9956 or fill out a short contact form for a free and confidential consultation.