ST. LOUIS, MISSOURI

Did you lose money investing with advisor Joseph Crespi, formerly with Stifel Nicolaus & Company? Recently, the Massachusetts Securities Division brough a claim against Stifel Nicolaus, which is a St. Louis, Missouri-based brokerage firm.

The Massachusetts claim alleged that Joseph Crespi worked in a Taunton, Massachusetts office of Stifel Nicolaus. Massachusetts alleged that Crespi excessively traded customers’ accounts using mutual funds and unit investment trusts (UITs) in order to generate commissions for himself. Massachusetts further alleged that Stifel Nicolaus failed to adequately monitor Crespi’s conduct, in violation of its duties. To settle these allegations, Stifel Nicolaus agreed to pay $712,612 in restitution to effected customers and an administrative fine of $2.5 million.

Stifel Nicoalus has an obligation to adequately supervise Joseph Crespi, who worked at Stifel Nicolaus’ Taunton, Massachusetts office from December 2018 to February 2022. Crespi had been the subject of three customer complaints prior to joining Stifel Nicolaus.

Israels & Neuman PLC has sued numerous brokerage firms before, including Stifel Nicolaus. We represent investors in Massachusetts and throughout the country.

View Crespi, j BrokerCheck 5.8.23

View s n, Massachusetts Order

If you lost money with Joseph Crespi, Stifel Nicolaus & Company or in Unit Investment Trusts, please Contact Us at (206) 795-5798 or (720) 599-3505 for a free evaluation of your case.

Randall Minas has been an advisor with Stifel Nicolaus from February 2017 to the present and has worked in an office in Crown Point, Indiana. According to the BrokerCheck database maintained by FINRA, Minas has been the subject of a customer complaint that was filed in Denver County District Court in Denver, Colorado. The complaint was filed in September 2020 and alleges violations of the Colorado Securities Act in regards to the sale of common and preferred stock.

Randall Minas has been licensed with Stifel Nicolaus from February 2017 to the present. Minas was also previously with City Securities Corp. before joining Stifel. He maintained an office in Crown Point, Indiana. Minas has been the subject of six customer complaints, as well as seven financial issues, which include bankruptcies and compromises with creditors.

While Minas is affiliated with Stifel Nicolaus, Stifel Nicolaus has an obligation to reasonably supervise his conduct. If Stifel Nicolaus fails to do, it can be liable for investor losses.

Israels & Neuman PLC is a securities arbitration and investment fraud law firm with offices in Denver, Colorado; Seattle, Washington; Phoenix, Arizona; and Ann Arbor, Michigan. Attorney Aaron Israels is licensed to practice law in Colorado. Our firm has handled many FINRA arbitration claims in the past, including claims against Stifel Nicolaus.

Click to view: Minas, Randall BrokerCheck 1.20.22

If you lost money with Randall Minas or Stifel Nicolaus, contact the law firm of ISRAELS & NEUMAN at (720) 599-3505 or (206) 795-5798 for a Free evaluation of your case.