Structured Product Loss Attorneys

Shepherd Smith Edwards and Kantas structured product loss attorneys continue to investigate structured product losses involving Stifel Broker Chuck Roberts.

More Investors File Broker Fraud Lawsuits Claiming 7-Figure Losses 

Our seasoned structured product loss attorneys are continuing to speak to investors who worked with star Stifel Financial broker Chuck Roberts. Already, the broker-dealer has had to pay millions of dollars to former clients, including, recently, a more than $14.2M arbitration claim that included $9M in punitive damages to a Florida couple and $2.35M to another investor who accused the broker-dealer of failure to supervise, negligence, breach of fiduciary duty, fraud and more.

According to Chuck Roberts’ CRD, he has been involved in 23 customer disputes, most of which were brought in the last two years. Many of them remain pending. These include two FINRA arbitration claims requesting damages for $5M and $1M, respectively, that were filed in December 2024.  In total, the still pending investment loss recovery claims appear to be for over $30M in damages.

Roberts, who has worked in the brokerage industry for over three decades, run’s Stifel’s CR Wealth Management Group in New York and Miami. 

Structured Products Can Be Risky and Volatile

This is a prepackaged investment usually with one more derivative that is often market- and interest-linked.  Structured products are high-risk, potentially volatile investments underwritten by Wall Street banks and they are not suitable for many retail investors or even inexperienced wealthy investors. Because of the risks involved, including the potential for an investor to lose all of their principal, lack of liquidity, the chance of default, unsecured debt, lack of transparency, and more, it is important that financial advisor conduct the proper due diligence before marketing and recommending any kind of structured product to a client.

A broker-dealer can be held liable for structured note sales that lead to huge losses, especially if they failed to properly supervise their registered representative. Other grounds for suing the financial advisor can include unsuitable investment recommendations, misrepresentations and omissions of the risks, concentration, negligence, gross negligence, and fraud.

For some reason, structured products are often misrepresented by financial advisors to customers as conservative, income-generating, and an opportunity to make more money than with low-risk traditional investments. Yet when structured product losses do happen, they can be devastating. Not only that, but there is no guarantee of making any money when investing in structured products.

What Should You Do If You Have Sustained Serious Structured Product Losses? 

Your first step should be to contact Shepherd Smith Edwards and Kantas (investorlawyers.com) today to request your free, no obligation case consultation. We have over a century’s worth of combined experience in securities law and the securities industry, and we have represented many investors in complex claims against the largest broker-dealers in the United States.

Through our hard work and skilled dedication, more than 90% of our clients have received full or partial financial recovery against broker-dealers and investment advisors that we have held liable. Over the decades, we have fought for retail investors, accredited investors, high-net-worth investors, and institutional investors.

Many of our structured product loss attorneys are former brokers who left that industry because we didn’t like a lot of the unsavory practices we saw that were causing harm to investors.  It is why we do what we do now, representing investors like you.

Call (800) 259-9010 or fill out this contact form.