Erez Law is currently investigating Stifel, Nicolaus & Company, Incorporated broker Michael Barry (CRD# 2690041) regarding mutual fund losses. He has been registered with Stifel, Nicolaus & Company, Incorporated in New Orleans, Louisiana, since 2015. He was registered with Sterne Agee Asset Management, Inc. in New Orleans, Louisiana, from 2009 to 2015.
Michael Barry Customer Complaints
He has been the subject of two customer complaints, according to his CRD report:
May 2026. “Claimant alleges Violation of Regulation Best Interest, Violation of FINRA Rules 2010, 2111, and 3110, Negligence, Negligent Misrepresentations and Omissions of Material Risks, Common Law Fraud and Fraudulent Inducement, Breach of Fiduciary Duty, Violation of New York General Business Law, and Gross Negligence.” The customer is seeking $100,000 in damages, and the case is currently pending. The complaint was regarding mutual fund losses, and it took place while he was registered with Stifel, Nicolaus & Company, Incorporated.
September 2020. “Claimant alleges breach of fiduciary duty, misrepresentation and non-disclosure, negligence and gross negligence, and violation of Louisiana Securities Laws.” The case was settled for $15,000. The complaint was regarding direct investments, common and preferred stocks, and oil and gas investments, and it took place while he was Stifel, Nicolaus & Company, Incorporated.
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 Michael Barry’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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