There are options for clients of Stifel, Nicolaus & Company, Incorporated broker Malcolm Bourne III (CRD# 1562435) who suffered losses due to investments in stocks. He has been registered with Stifel, Nicolaus & Company, Incorporated in Vero Beach, Florida, from 1993 to 2026, when he was terminated regarding, “Employee terminated after the firm was notified of an undisclosed loan from a client to the registered representative’s immediate family member.” He was registered with Paine Webber in Weehawken, New Jersey, from 1992 to 1993, when he was terminated regarding, “n/a $450.00 loss made up personally by broker to client.”
Malcolm Bourne III Customer Complaints
He has been the subject of five customer complaints between 1993 and 2026, one of which was denied, according to his CRD report. The most recent complaint was regarding:
May 2026. “Claimants allege breach of fiduciary duty, negligence, false representations, violations of Florida Securities and Investor Protection Act, violations of Florida’s Elder Abuse Statute and FINRA Rule 2165, intentional infliction of emotional distress, and violation of Florida’s fraud and deceptive practices statute.” The customer is seeking $5,000,000 in damages, and the case is currently pending. The complaint was regarding common and preferred stock 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 Malcolm Bourne III’s 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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