There are options for customers of Stifel, Nicolaus & Company, Incorporated broker Lawrence Delhagen (CRD# 2779312) who suffered investment losses. Delhagen has been registered with Stifel, Nicolaus & Company, Incorporated in Center Valley, Pennsylvania since 2007.
Delhagen has been the subject of four customer complaints between 2014 and 2018, one of which was denied, according to his CRD report. Recent complaints are regarding:
September 2018. “Claimants allege unsuitable investments, negligence, fraud, misrepresentations, breach of fiduciary duty, and violations of state and Federal securities laws.” The case was settled for $30,000. This complaint was regarding direct investment, equity OTC, mutual funds, and common and preferred stocks.
June 2018. “Claimants allege unsuitable investments, churning, negligence, fraud, misrepresentation, breach of fiduciary duty, and violations of state and federal securities laws.” The case was settled for $270,000. This complaint was regarding corporate debt, direct investments, equity OTC, and common and preferred stocks.
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 Delhagen’s customers.
Erez Law represents investors in the United States for claims against brokers and brokerage firms for wrongdoing. If and 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.