Former Raymond James Advisor, Stuart Nichols, Barred By FINRA After Failing To Comply With A FINRA Investigation Into Allegedly Excessive Trading
Stuart B. Nichols (CRD # 4932310) was a Financial Advisor at Raymond James in Birmingham, AL. Stuart Nichols has been in the securities industry since 2005 and previously worked at Morgan Keegan and Sterne Agee.
According to publicly available records released by the Financial Industry Regulatory Authority (FINRA), in October 2019, Stuart Nichols was barred by FINRA for refusing “to appear for FINRA on-the-record testimony requested in connection with its investigation of Nichols for possible excessive trading in customer accounts at his member firm.”
For a copy of the FINRA sanction, click https://www.finra.org/sites/default/files/fda_documents/2018060875701%20Stuart%20Blake%20Nichols%20CRD%204932310%20AWC%20jm.pdf.
For a copy of Stuart Nichols’ CRD, click https://brokercheck.finra.org/individual/summary/4932310.
Financial advisors have a legal and regulatory obligation to recommend only suitable investments that are appropriate for their clients’ needs and objectives. Their employing brokerage firm has a legal and regulatory obligation to supervise the Financial Advisors’ sales practices and dealings with clients. To the extent any of these duties are breached, the customer may be entitled to a recovery of his or her investment losses.
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