WARNING! Investigation of STUART NICHOLS – Birmingham, AL
Stuart Nichols, formerly with Raymond James & Associates, Barred from Securities Industry
Have you lost money with financial advisor Stuart Nichols from Birmingham, Alabama? The Law Firm of Israels & Neuman is looking into allegations made by FINRA (the Financial Industry Regulatory Authority) against Stuart Blake Nichols. FINRA barred Stuart Nichols from the securities industry after he failed to respond to an investigation. Nichols was being investigated after he was alleged to have engaged in excessive trading (or churning) in customer accounts.
Stuart Nichols was a registered representative and financial advisor with Raymond James & Associates from February 2013 to December 2018. He worked out of a branch office in Birmingham, Alabama.
Broker-dealers like Raymond James & Associates have a responsibility to adequately supervise all representatives who are registered through their firm, including investments sold by their registered representatives. Broker-dealers also must take steps to ensure that their financial advisors follow all securities rules and regulations. When broker-dealers fail to adequately supervise their registered representatives, they may be liable for investment losses sustained by customers.
Israels & Neuman PLC is a securities and investment fraud law firm with offices in Denver, Colorado; Seattle, Washington; and Ann Arbor, Michigan. We represent investors in FINRA arbitration proceedings in all 50 states, including investors in Alabama. Our attorneys have represented over one thousand investors against many brokerage firms in the past, including against Raymond James & Associates.
Click to view: Nichols, Stuart FINRA AWC
Click to view: Nichols, Stuart BrokerCheck 10.28.19
If you have lost money with Stuart Nichols and Raymond James & Associates, and want to hear about ALL legal options, please visit www.israelsneuman.com or call us at 720-599-3505.