Erez Law is interested in speaking with investors who may have suffered losses due to investments with Stifel, Nicolaus & Company, Incorporated broker David Morris (CRD# 2522277). He was registered with Stifel, Nicolaus & Company, Incorporated in Chicago, Illinois, from 2016 to 2022.
In March 2022, FINRA suspended him indefinitely after he “failed to comply with an arbitration award or settlement agreement or to satisfactorily respond to a FINRA request to provide information concerning the status of compliance.”
In January 2023, FINRA barred him after he failed to respond to FINRA requests for information.
David Morris Customer Complaints
He has been the subject of three customer complaints between 2003 and 2022, one of which was denied and one was withdrawn, according to his CRD report:
September 2022. “Claimant alleges violations of Illinois Securities Laws, FINRA rules, common law fraud, breach of fiduciary duty, breach of contract and negligence.” The customer sought $480,000 in damages, and the case was settled for $100,000. The complaint was regarding penny stocks and promissory note investment losses.
Pursuant to FINRA Rules, member firms are responsible for supervising a broker’s activities during the time the broker is registered with the firm. Therefore, Stifel, Nicolaus & Company, Incorporated may be liable for investment or other losses suffered by David Morris’ customers.
Erez Law represents investors in the United States for claims against brokers and brokerage firms for wrongdoing. If you have experienced investment losses, please call us at 888-840-1571 or complete our contact form for a free consultation. Erez Law is a nationally recognized law firm representing individuals, trusts, corporations and institutions in claims against brokerage firms, banks and insurance companies on a contingency fee basis.
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