- September 13, 2018
- Stifel Nicolaus & Company
- Unsuitability
- Unsuitable
The Wolper Law Firm, P.A. is currently investigating claims against Scott Alan Sanders, a Financial Advisor at Stifel Nicolaus in Ft. Myers, Florida. Scott Sanders has been in the securities industry since the 1990s and previously worked at Wachovia Securities.
According to publicly available records released by the Financial Industry Regulatory Authority (FINRA), on July 25, 2018, a customer filed a complaint against Scott Sanders, alleging “breach of fiduciary duty, negligence, failure to supervise, breach of contract.” The alleged damages are $193,281 and the matter remains pending.
In May 2018, a second customer filed a complaint against Scott Sanders, alleging “over-concentration in equities and not being properly advised of the risk…” A third customer—in 2008—filed a complaint alleging unsuitability.
To review a full copy of Scott Sanders’ FINRA disclosure report, click https://brokercheck.finra.org/individual/summary/3063288#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 Scott Sanders and you experienced investment losses, please contact the Wolper Law Firm, P.A. 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, P.A. represents investors nationwide in securities litigation and arbitration.
Matt Wolper, the Managing Principal of the Wolper Law Firm, P.A., 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.
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]