Have you invested with financial advisor Nicholas Stovall from St. Paul and Arden Hills, Minnesota? We are reviewing allegations made against this advisor.  According to BrokerCheck, a website maintained by FINRA, he was permitted to resign from Gradient Securities while under an internal investigation.

BrokerCheck discloses that this advisor was the subject of an arbitration claim filed in July 2023, alleging the solicitation of unregistered promissory notes.  After Gradient Securities initiated an internal investigation into the allegations surrounding the unregistered promissory notes, Mr. Stovall resigned from Gradient Securities and Gradient Advisors.  Gradient Securities also alleged that Stovall was under investigation by the Kansas Securities Commission and failed to timely notify them of this investigation. 

Between 2009 and July 2023, Nicholas Stovall was licensed through Gradient Securities.  In addition to the July 2023 customer complaint, he was also the subject of a 2018 complaint.  He worked in St. Paul and Arden Hills, Minnesota offices.

Securities brokerage firms are required to have written internal policies which dictate what advisors can and cannot do.  If the advisor or broker fails to follow the firm’s policies, it can lead to discipline against the advisor, including termination.

Israels & Neuman, PLC represents investors in Minnesota and throughout the U.S.  We have represented thousands of investors against many brokerage firms in the past.

            View BrokerCheck report here.

            You can find the Kansas Securities Commission website here.

If you lost money with Nicholas Stovall or Gradient Securities, contact one of our highly experienced attorneys at Israels & Neuman, PLC for a free and confidential evaluation of your case. Call (720) 599-3505 or (206) 795-5798 or click the CONTACT US button to email us directly.