Stoltmann Law Offices
10 S. LaSalle Street
Suite 3500
Chicago, IL 60603
ph: 312.332.4200
fax: 312.332.4201
www.InvestmentFraud.PRO
Andrew@StoltLaw.com

Andrew Stoltmann discussed the resignation of SEC Chairman William Donaldson on CNN’s Lou Dobbs Tonight. 

Stifel Nicolaus Arbitration, Attorney, Class Action, Fraud, Law Firm, Lawsuit, Lawyer

We continue to investigate a large number allegations of Stifel Nicolaus fraud.

Stifel, Nicolaus & Co. is a brokerage firm based in St. Louis. The firm has been sued by investors seeking buybacks or other restitution for hundreds of millions of dollars worth of securities that quickly became worthless.

In late 2009, Stifel Nicolaus reportedly agreed to a buyback of more than $100 million in auction rate securities (ARS). Investors in Colorado, Indiana, Maryland and Missouri said their accounts were frozen when the ARS markets froze in 2008. They became unable to withdraw any funds from their accounts. Authorities say Stifel Nicolaus failed to warn investors about the risks associated with ARS, which in many cases were presented to investors as safe, liquid investments.

In 2008, five Wisconsin school districts and benefit trusts filed a lawsuit against Stifel Nicolaus for placing $200 million in collateralized debt obligations (CDOs) that they were told were safe. Those 2006 investments have become worthless.

One Stifel Nicolaus broker pleaded guilty in 2009 to mail fraud for running a Ponzi scheme in Missouri in which he raised more than $600,000 in investor funds. Also in 2009, another Stifel Nicolaus broker was sentenced to prison for stealing more than $80,000 from clients that he used for gambling and drinking.

Our Stifel Nicolaus lawyers continue to investigate illegal activities by the firm in these cases and others. If you have a Stifel Nicolaus arbitration settlement or lawsuit claim, contact us today. Set up a no-obligation consultation. Reach us at:

10 S. LaSalle, 35th Floor
Chicago, IL 60603
312.332.4200
www.InvestmentFraud.PRO