- July 26, 2018
- Stifel Nicolaus & Company
- Unsuitability
- Unsuitable
The Wolper Law Firm is currently investigating claims against Robert Cleary, a Financial Advisor at Stifel Nicolaus in New York, NY. Robert Cleary has been in the securities industry since the 1980s and previously worked for Gruntal & Co.
According to publicly available records released by the Financial Industry Regulatory Authority (FINRA), on May 17, 2018, a customer filed a complaint against Robert Cleary, alleging “breach of fiduciary duty, negligence and breach of contract.” The alleged damages are $300,000. In 2016, Robert Cleary was the subject of another customer complaint for “inappropriate investment recommendation”, which was settled for $40,000.
https://brokercheck.finra.org/individual/summary/1505792#disclosuresSection
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.
If you or someone you know was a customer of Robert Cleary and you experienced investment losses, please contact the Wolper Law Firm at 800.931.8452 or by email at mwolper@wolperlawfirm.com to discuss your specific situation and the legal options available. The Wolper Law Firm represents investors nationwide in securities litigation and arbitration.
Matt Wolper, the Managing Principal of the Wolper Law Firm, is a trial lawyer who has handled hundreds of securities cases during his career involving a wide range of products, strategies and securities. Prior to representing investors, he was a partner with a national law firm, where he represented some of the largest banks and brokerage firms in the world in securities matters. Simply put, he knows how the other side evaluates cases, which gives you a competitive advantage.
Attorney Matthew Wolper
Matt Wolper is a trial lawyer who focuses exclusively on securities litigation and arbitration. Mr. Wolper has handled hundreds of securities matters nationwide before the Financial Industry Regulatory Authority (FINRA), American Arbitration Association (“AAA”), JAMS, and in state and federal court. Mr. Wolper has handled and tried cases involving complex financial products and strategies ranging from traditional stocks and bonds to options, margin and other securities-based lending products, closed/open-end mutual funds, structured products, hedge funds, and penny stocks. [Attorney Bio]