Structured Product Loss Attorneys

Ex-Customers of Stifel, Nicolaus Broker Chuck Roberts Are Suing For $41.2M. Contact Our Structured Product Loss Attorneys To Explore Your Legal Options

Shepherd Smith Edwards and Kantas (investorlawyers.com) Structured Product Loss Attorneys are continuing to speak with investors who have sustained losses while working with Stifel, Nicolaus, & Co. financial advisor Chuck A. Roberts. This New York broker, who has been in the industry for 34 years, has nearly two dozen disclosures on his CRD. This purportedly includes $41.2M in still pending investment loss recovery claims by former customers and primarily over the sale of structured notes. Among these were autocallable notes that didn’t come with much downside protection in the event that there was a decline in price of their underlying reference assets. Structured notes can be very volatile and speculative investments.

Claimants allege negligence, financial advisor fraud, breach of fiduciary duty, and breach of contract by Roberts, who is also a Miami Beach, Florida investment adviser for the firm. This Stifel, Nicolaus stockbroker is accused of telling clients that if they invested in the structured notes he chose, they would be able to preserve capital while making a return that came with a long-term average of approximately 12.25%.

He also purportedly told investors that structured notes weren’t as high risk as investing in stocks, came with downside protection, and that none of his clients had ever lost money in these alternative investments. Investors also contend that he misrepresented these structured products by claiming they were “almost like a substitution for bonds…,” which is absolutely misleading.

Roberts also allegedly recommended the unsuitable trading of speculative stocks and the stocks of companies that had no profits. Some of these trades may have been unauthorized.

Even if Stifel, Nicolaus was unaware of Chuck Roberts’ alleged financial advisor misconduct, you still may be able to hold the broker-dealer liable for your losses.

Why Work With Our Structured Note Loss Attorney

A structured note is a debt obligation that includes a derivative component. It is usually underwritten by a Wall Street bank. Its performance is usually connected to an underlying asset, such as a certain index or stock.

Structured notes can be volatile and not all of them come with principal protection, which can lead to huge losses, including the total loss principal if the market acts up too much. While retail investors are generally allowed to get involved in structured notes, which offer a chance to take part in investment strategies they wouldn’t normally have access to, these are complex, illiquid, high-risk investments. They are not suitable for everyone. Unfortunately, structured products can lead to serious investment losses especially when broker misconduct or negligence is involved.

 

Shepherd Smith Edwards and Kantas has represented sophisticated investors who have suffered serious portfolio losses in even the most complex kinds of investments. We are one of the most experienced securities law firms in the United States. More than 90% of our clients have received full or partial financial recovery due to our hard work and skilled efforts.

Our structured product fraud attorneys have more than a century’s worth of collective experience in securities law and the securities industry. We know how to maximize your chances for a full recovery.

How To Contact Our Structured Product Loss Attorneys About Your Investment Losses Involving Stifel, Nicolaus Stockbroker Chuck Roberts 
Fill out this form or call (800) 259-9010 today.