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  • Attorneys David Meyer and Matthew Wilson have been selected to the list of Super Lawyers since 2011 and 2015 respectively.

  • Attorney David Meyer is a member of the Million Dollar Advocates Forum, an organization recognizing attorneys who have secured million dollar cases.

  • Martindale-Hubbell® Peer Review Ratings™ has recognized attorney David Meyer as an AV Preeminent® attorney in High Ethical Standing.

  • Attorneys David Meyer and Matthew Wilson have received a 10 out of 10 “Superb” rating on Avvo, calculated based on stringent and exhaustive criteria.

  • Attorney David Meyerhas been selected to the list of the Best Lawyers in America® for Mass Tort Litigation / Class Actions – Plaintiffs and Professional Malpractice Law – Plaintiffs every year since 2011.

  • Attorney David Meyer was selected as the 2015 Lawyer of the Year for Professional Malpractice Law – Plaintiffs for Columbus, OH by Best Lawyers®.

  • Meyer Wilson was ranked as a Tier 1 Best Law Firm for both Mass Tort Litigation / Class Actions – Plaintiffs and Professional Malpractice Law – Plaintiffs by U.S. News.

Stifel Nicolaus & Company

Investment Fraud Attorneys Help You Claim What Is Yours

Stifel Nicolaus is a full-service brokerage firm that provides securities brokerage, investment banking, trading, investment advisory services, and related financial services to individuals, professional money managers, businesses, and municipalities. Founded in 1890, Stifel Nicolaus is a wholly-owned subsidiary of Stifel Financial Corp and a member of the New York Stock Exchange. In 2009, Stifel Nicolas acquired 56 offices from UBS Financial Services, Inc. With its global headquarters located in St. Louis, Missouri, Stifel Nicolaus now has over 1,800 financial advisors located in 272 branch offices throughout the United States.

According to regulations set by the Financial Industry Regulatory Authority (FINRA), Stifel Nicolaus & Company is wholly responsible for overseeing each of their 1,800 representatives by providing systems of supervision. These systems should be designed to prevent unethical or negligent actions by the firm’s brokers. If a Stifel Nicolaus broker causes significant losses for an investor because of violations, negligence, or recommendations counter to the investor’s interests, Stifel Nicolaus can be held legally liable to repay the damages caused by their broker.

Increasing Sloppiness and Fraud at Stifel Nicolaus

Within the last 10 years, Stifel Nicolaus & Company has been the subject of a large number of disciplinary or regulatory actions. Most of the 105 regulatory actions were the result of customer complaints about brokers, which alone is a red flag for potential investors. Below are some of the recent actions taken against Stifel Nicolaus and their representatives.

Inaccurate Reporting

As recently as June 2015, Stifel Nicolaus was fined for inaccurate trade reporting. Sloppy recordkeeping can at best be a result of incompetence and apathetic supervision, and at worst a sign of dishonest trading. This high level of regulatory activity in the last three years is deeply unusual, and may speak to a larger problem within the century-old firm.

Lack of Due Diligence

In early 2014, the historic investment firm paid nearly half a million to clients who suffered losses because they were sold products that brokers at Stifel Nicolaus had not sufficiently researched. Brokers are legally required to only sell products and investments that they have thoroughly investigated. Lack of investigation can cause a great deal of loss to investors, deteriorate trust between brokers and clients, and can reveal a culture of dishonest research.

Selling Risky Penny Stocks

FINRA fined the firm $300,000 for selling high-risk penny stocks to clients, of which 27 were later suspended by the Securities and Exchange Commission. Stifel Nicolaus reportedly made over $300 million from the sales while exposing investors to incredible, preventable risk due to their lack of anti-laundering measures.

Helping Those Victimized By Investment Fraud

If you trade through Stifel Nicolaus & Company, it is highly likely that you have suffered preventable losses as a result of their loosening standards. Meyer Wilson investment lawyers fight for the victims of fraud and negligence. Our firm recovered $350 million for our clients, and our work will continue with equal dedication and aggression. Let our attorneys help you hold large investment firms responsible for their actions. We practice nationwide in state and federal court, as well as in arbitration with FINRA and the American Arbitration Association.

Meyer Wilson is dedicated to recovering the losses that are owed to victims of investment fraud. Reclaim what is yours today. Contact us for a free case evaluation.

Need More Information?

Investment misconduct can be complex and confusing. That’s why we’re here to help you. Visit our Common Questions page to find in depth answers directly from our attorneys. Get More Answers
Have You Been a Victim of Investment Fraud?

You trusted your financial advisor with your money, but now you're left wondering what went wrong. If you or a loved one suffered losses because of investment misconduct, Meyer Wilson can step in and fight to recover your losses. The team of investment fraud lawyers at the firm has been helping people like you since 1999 by winning judgments, settlements and verdicts worth hundreds of millions of dollars against brokerage firms, financial advisors and banks.

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