What Did Your Brokerage Firm or Investment Adviser Do Wrong With GWG
Published On: August 16, 2016

A Financial Industry Regulatory Authority (FINRA) panel ruled that a former Stifel, Nicolaus broker, Christian Harkness, must pay the firm $439,706 in compensatory damages as well as interest at a rate of 4.5% per year of the award until it’s paid in full and any costs of collection. Stifel is the latest brokerage firm to get back money from a promissory note awarded to a former broker. Typically, FINRA panels side with brokerage firms over the advisor in cases involving promissory notes. But the past several months have seen large awards going to the brokers.

Disclaimer

The posting on this site are mere OPINIONS and NOT statements of fact in any way whatsoever. The information should not be relied upon and there have been no findings made against the firms or individuals referenced on this site. In addition, this Blog is made available for educational purposes only and incorporates information from the web as well as to give you general information and a general understanding of the law, not to provide specific legal advice. By using this blog site you understand that there is no attorney client relationship between you and Stoltmann Law Offices (161 N Clark Street 16th Floor Chicago, IL 60601). The Blog opinions should not be used as a substitute for competent legal advice from a licensed professional attorney in your state.

PLEASE NOTE THIS IS ADVERTISING AND IT IS NOT A NEWSPAPER ARTICLE OR POST FROM AN INDEPENDENT OR NON-BIASED, NEWS SITE, NEWS SOURCE OR NEWSPAPER.

Chicago Investment Fraud Attorneys Offering Nationwide Representation to Investors

If you have suffered financial losses because of the negligence or fraud of your financial advisor or broker through unsuitable investment recommendations, over-concentration, churning, misrepresenting risks, conversion or selling away, you have legal rights and options to pursue recovery of those losses.

Stoltmann Law Securities Investment Fraud Attorneys