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Options for Clients of Stifel, Nicolaus & Company, Incorporated Broker Michael Fahsholtz

Posted on Monday, April 5th, 2021 at 6:54 pm    

Stifel

There are options for clients of Stifel, Nicolaus & Company, Incorporated broker Michael Fahsholtz (CRD# 2057306). Fahsholtz has been registered with Stifel, Nicolaus & Company, Incorporated in Wenatchee, Washington from 2011 to 2020.

Fahsholtz has been the subject of 10 customer complaints between 1998 and 2020, one of which was denied, according to his CRD report. The most recent complaints are regarding: 

December 2020. “Client alleges registered representative bought inappropriate stocks, bonds, and UITs. 5/6/14 through 6/9/17.” The complaint is regarding $40,000 and the case was settled for $7,500. The complaint was regarding corporate debt.

September 2020. “Clients allege violation of the Securities Act of Washington, breach of fiduciary duty, and unsuitable investment recommendations. Timeframe = 2/24/12 through 5/7/18.” The customer sought $45,000 in damages and the case was settled for $14,500. The complaint was regarding corporate debt and unit investment trusts (UITs).

July 2020. “Claimants allege violation of federal securities laws, violation of Washington Securities Act, violation of Washington’s Consumer Protection Act, breach of contract, common law fraud, breach of fiduciary duty, negligence and gross negligence.” The customer is seeking $100,000 in damages and the case is currently pending. The complaint was regarding corporate debt.

May 2020. “Claimants allege violation of the Securities Act of Washington, breach of fiduciary duty, unsuitable investments, violation of FINRA Rule 3110, negligence and breach of contract.” The customer sought $240,000 in damages and the case was settled for $48,500. The complaint was regarding corporate debt.

March 2020. “Claimant alleges common law fraud, breach of fiduciary duty, negligence, breach of contract, violation of Washington Consumer Protection Act, and violation of Securities Act of Washington.” The customer is seeking $90,000 in damages and the case is currently pending. The complaint was regarding corporate debt.

February 2020. “Claimants allege common law fraud, breach of fiduciary duty, negligence, breach of contract, violation of Washington Consumer Protection Act, and violation of Securities Act of Washington.” The customer is seeking $250,000 in damages and the case is currently pending. The complaint was regarding corporate debt.

November 2019. “Claimants allege common law fraud, breach of fiduciary duty, negligence, breach of contract, violation of Washington Consumer Protection Act, and violation of Securities Act of Washington.” The customer is seeking $500,000 in damages and the case is currently pending. The complaint was regarding corporate debt.

April 2019. “Claimant alleges common law fraud, breach of fiduciary duty, negligence, breach of contract, violation of Washington Consumer Protection Act, and violation of Securities Act of Washington.” The customer is seeking $250,000 in damages and the case is currently pending. The complaint was regarding corporate debt.

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 Fahsholtz’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.