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ARBITRATION AWARD AGAINST LANIS D. NOBLE and STIFEL NICOLAUS & COMPANY

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02
Apr

ARBITRATION AWARD AGAINST LANIS D. NOBLE and STIFEL NICOLAUS & COMPANY

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Arbitration Award Against Lanis D. Noble and Stifel Nicolaus & Company

 

In Gilbert v. Lanis D. Noble and Stifel Nicolaus & Company, FINRA No. 12-02897, a customer Claimant sued Lanis Noble and Stifel Nicolaus & Company alleging breach of fiduciary duty and churning.  The Claimant alleged that Noble and Stifel used margin in her account and recommended that she invest in a number of variable annuities and a Friedman Billings Ramsey REIT (or real estate investment trust).  She alleged $8,000,000 in damages.

 

The case proceeded before a three-arbitrator panel in Jackson, Mississippi.  The arbitrators found Noble and Stifel Nicolaus liable to Ms. Gilbert for $1.29 million in compensatory damages and $250,000 in attorneys’ fees.  The award is dated March 31, 2015.

 

Lanis Noble was a financial advisor and registered representative of Stifel Nicolaus & Company from 2000 to November 2013.  He worked at a branch office in Ridgeland, Mississippi.  Noble has three other customer complaints on his record, as well as a criminal charge from 1976 related to receipt of stolen property.

 

If you have lost money in variable annuities or REITs at the recommendation of Stifel Nicolaus financial advisor Lanis Noble, and if the recommendation to invest in these stocks was unsuitable for you, you may be able to recover your losses.  Also, if the risks of these stocks were misrepresented to you, the advisor and his brokerage firm may be liable.

 

Our attorneys have represented hundreds of investors who have been defrauded by their financial advisor or stockbroker.  We have offices in Denver and the Seattle-area, although we represent clients all over the country.  If you have lost money with Lanis Noble or Stifel Nicolaus & Company and want to hear about ALL legal options, please visit https://www.israelsneuman.com and go to our CONTACT page or call us at 720-599-3505.

 

Click to view:  Noble Award

Israels & Neuman, PLC is a private law firm and is not affiliated with any government or law enforcement agency. Any investigation referenced in this blog is independent in nature and is being conducted by our law firm privately, not in conjunction with any government or law enforcement agency. All information contained in this blog should be deemed statements of opinion derived from the author’s review of public records, not statements of fact. This blog is advertising material and does not create an attorney client relationship, nor does it constitute legal advice. Everyone’s situation is different and the question of whether or not you have a claim will vary on a case-by-case basis. In contingent representation, clients may still be liable for costs.
10.0David P Neuman

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