Stoltmann Law Offices is interested in speaking to those clients who suffered losses with Stanley Clatyton Niekras. Niekras allegedly recommended unsuitable variable annuity exchanges in three customer accounts. The Financial Industry Regulatory Authority (FINRA) found that he effected the annuity exchanges to benefit himself at the expense of his customers. The couple he misrepresented himself to were in their nineties. He made fraudulent misrepresentations to the couple in order to collect more than $70,000 in estate and financial planning fees while associated with MML Investors Services. These transgressions are against securities laws.
Niekras was previously registered with Painewebber Inc. in Weehawken, New Jersey from November 1993 until January 1995, Morgan Stanley in Purchase, New York from January 1995 until April 2005, MML Investors Services in Liverpoll, New York from May 2005 until January 2014 and Purshe Kaplan Sterling Investments in Watertown, New York from May 2014 until October 2015. He has seven customer disputes against him and is currently not registered within the industry. Please call us today at 312-332-4200 if you would like a no-cost, no-obligation review by an attorney.
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