Furgison Law Group is taking cases against Stifel, Nicolaus & Company for unsuitable Puerto Rico bonds sold by Ken Reeves.

The securities fraud lawyers at Furgison Law Group are currently investigating claims against Stifel, Nicolaus & Company related to misconduct by Kenneth Robert Reeves (CRD #1771786). The arbitration attorneys at Furgison Law Group are investigating claims involving allegations of breach of fiduciary duty, failure to supervise, misrepresentations, omissions of material facts, conflict of interests, violations of state and federal securities laws, along with other broker misconduct. The claims relate to recommendations by Ken Reeves to purchase Puerto Rico building bonds and other investment products that were not suitable for the investors. Ken Reeves operated out of offices in Westlake, Ohio and also served clients in Florida.

Ken Reeves has similar complaints of wrongdoing reported on his regulatory file.

The CRD Report of Kenneth Robert Reeves includes the disclosure of two other customer complaints. The customers in those cases alleged Ken Reeves committed fraud, sold unsuitable securities, misrepresented the investments and did not properly disclose the fees associated with the investments. These types of customer complaints are serious red flags that evidence a pattern of unsuitable investment recommendations in order to generate commissions and income for themselves, at the expense of their clients. One of the customer complaints listed in the regulatory record resulted in a settlement for a substantial sum, while the other resulted in a FINRA arbitration award against Ken Reeves and Stifel Nicolaus. In Case #13-02950, the Panel found Ken Reeves "committed fraud upon the Claimant and has caused damage to Claimant in the amount of $51,697.10." The Panel also determined Stifel, Nicolaus & Co., Inc., failed to adequately supervise Ken Reeves. The Panel ordered Stifel and Reeves to pay statutory interest and attorneys' fees.

Investors Have the Right to Recover Their Losses

When investments are sold by brokerage firms licensed by FINRA, they are subject to the laws that FINRA enforces. The brokerage firms are responsible for ensuring that their brokers are trading fairly, ethically and in the best interest of their clients. Ideally, they would accomplish this through careful supervision. Unfortunately, too often this supervision has been inadequate to fully protect investors. If you purchased any investments through a representative of a registered brokerage firm and suffered losses through negligence or fraud, it immediately puts the brokerage firm at fault for failing to supervise their broker. FINRA law then dictates that you can hold the firm legally liable to recover your damages.

Can I recover my investment losses?

If you lost a substantial portion of your retirement savings or other assets or as a result of investments, annuities or insurance purchased through Ken Reeves or Stifel, Nicolaus & Company, please contact us immediately. Our investment fraud lawyers have recovered millions of dollars from the largest banks, insurance companies and brokerage firms in the world on behalf of investment fraud victims. You may have certain legal rights that require your immediate attention. Time is of the essence in these claims. The sooner you act, the greater your chances of recovering your investment losses. Don't wait. Contact us TODAY for a FREE Consultation and case evaluation. We will tell you if you have a viable claim worth pursuing.