If you have investment losses due the actions of Chuck Roberts of Stifel, Nicolaus, & Co., contact the investment loss attorneys at KlaymanToskes today at +1 (888) 997-9956 or request a free case evaluation to determine if you are eligible for recovery.
National investment loss lawyers KlaymanToskes is investigating broker Chuck Roberts (CRD# 2064602), a leading broker of Stifel, Nicolaus, & Co., who is facing pending allegations of unsuitable investment recommendations in structured products, commonly referred to as structured notes.
Stifel, Nicolaus & Co. has been ordered to pay $14.3 million in damages to two investors in connection with Chuck Roberts’ flawed structured note strategy, according to a recent FINRA arbitration ruling. The arbitration panel awarded $4.1 million in compensatory damages, $9 million in punitive damages, and additional attorney fees and costs, citing significant evidence of misconduct. The settlement underscores ongoing concerns about Stifel’s supervision of Roberts and his use of unapproved devices to communicate with clients.
According to FINRA BrokerCheck, broker Chuck Roberts has been hit with 22 public disclosures, including 15 pending customer complaints. Roberts has been registered with Stifel, Nicolaus, & Co. in New York, NY since 2016, and his pending complaints total over $32 million in alleged damages.
Investors that suffered losses with broker Chuck Roberts at Stifel Nicolaus are encouraged to contact attorney Lawrence L. Klayman, Esq., at 888-997-9956 or by email at investigations@klaymantoskes.com to discuss recovery options. We do not collect attorney’s fees unless we are able to obtain a financial recovery for you.
Chuck Roberts is a broker and investment advisor who has been employed at Stifel Nicolaus & Co. since 2016. As of October 2024, he reportedly finds himself facing fifteen (15) pending FINRA customer claims totaling over $32 million in alleged investor damages. The customer complaints level a range of accusations, including breach of fiduciary duty, negligence, fraud, breach of contract, and other misconduct.
Financial advisor Chuck Roberts (CRD# 2064602), affiliated with Stifel Nicolaus & Co., is currently facing a series of customer complaints related to the sale of structured notes. These financial instruments are typically linked to an underlying asset, such as a specific stock or an index like the S&P 500 stock index. Roberts, a seasoned industry veteran with 33 years of experience, has been employed at Stifel since 2016, according to his FINRA BrokerCheck report.
Roberts’ BrokerCheck report discloses fifteen (15) customer complaints, totaling over $32 million in alleged damages. The complaints were filed between October 2018 and February 2024. Roberts’ BrokerCheck report also lists one regulatory sanction in 2018, which was resolved through a settlement.
The allegations against Roberts come at a time when the Securities and Exchange Commission (SEC) has been cracking down on financial advisors who engage in misconduct related to the sale of structured notes. The SEC has taken action against several financial advisors in recent years, including cases involving the sale of risky and unsuitable structured notes to investors.
If you are an investor who has experienced losses as a result of investments with Chuck Roberts, you may be able to recover your investment losses through FINRA arbitration. FINRA is a self-regulatory organization that oversees brokerage firms and financial advisors. FINRA provides a forum for investors to resolve disputes with their financial advisors.
If you have suffered investment losses as a result of misconduct by a financial advisor, it is important to consult with an experienced securities attorney. An attorney can help you understand your legal rights and options, and can help you navigate the FINRA arbitration process.
Structured products, commonly referred to as structured notes, are corporate debt obligations that also contain an embedded derivative component that adjusts the security’s risk/return profile. The return performance of a structured investment product tracks both the underlying debt obligation and the derivative embedded within it.
These investment products may also be considered “hybrid” securities, as they have two underlying components, a bond and a derivative. The bond component of a structured note provides the investor with principal protection and takes up most of the note, while the rest of the investment makes up a derivative product which may provide investors with upside potential.
Structured product returns are linked to the performance of an underlying asset, group of assets, or an index. This is generally based on equity indexes, a basket of equities, interest rates, commodities, or foreign currencies. Common types of structured notes include principal-protected notes, reverse convertible notes, and leveraged notes.
Investors may be drawn to invest in structured products due to the potential for high gains offered. However, these investments involve a high degree of risk and may cause investors to lose the entirety of their principal.
Structured products present a number of risks to investors, mostly due to their illiquid nature, market risk, and default risk.The complexity of these investments often make them volatile, and they are sometimes compared to options contracts. In addition, investors should expect to hold structured notes until maturity, as it can be very difficult to sell illiquid structured notes on a secondary market.
While many, if not all investments may suffer from market risk, structured notes are especially high-risk when the underlying derivative becomes volatile due to market conditions. Investors in structured notes may also face higher default risks due to the investment’s combined nature of debt obligations intertwined with derivatives. If the issuer of a structured note defaults, the entire investment may be lost.
Contact the investment fraud lawyers at KlaymanToskes today at (888) 997-9956. We’ll listen to your story and provide you a free, no obligation account review.
Our case reviews are always 100% confidential. We value your privacy.
KlaymanToskes is a leading national investment loss law firm that represents the interests of investors throughout the world who have suffered losses due to broker misconduct, investment fraud, and securities violations.
The articles linked below contain important information relating to KlaymanToskes’ investigation of broker Chuck Roberts:
If you suffered losses with broker Chuck Roberts of Stifel, Nicolaus & Co., contact KlaymanToskes at 888-997-9956 or fill out a short contact form for a free and confidential consultation.
The firm has helped recover over $600 million (exclusive of attorneys fees and costs) for investors, and can help you determine if your loss is due to financial advisor misconduct, unsuitable investment advice, and/or other securities violations.
As an investor, there are a few signs that you should look out for if you believe you may have a claim against broker Chuck Roberts. 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:
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.
According to FINRA, brokerage firms such as Stifel, Nicolaus & Co. are responsible for the supervision of all of the activities of their registered brokers and investment advisors. Investors may be entitled to a financial recovery if their brokerage firm failed to supervise the representative managing their brokerage account, and/or if their broker/advisor made unsuitable investment recommendations.
Engaging the services of an experienced securities attorney to evaluate the specific circumstances of your case 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 Chuck Roberts, or have concerns regarding your investment portfolio at Stifel, Nicolaus & Co., contact KlaymanToskes at 888-997-9956 or fill out a short contact form for a free and confidential consultation.