Broker Dealer Negligence Lawyers
Did You Work With Ex-Stifel Nicolaus Broker Joseph Crespi and Suffer Investment Losses?
As Broker-Dealer Is Ordered to Pay $3.2M, Investors Struggle To Recoup Their Money
Our broker dealer negligence lawyers are speaking to former customers of ex-financial advisor Joseph Crespi to determine whether they have grounds for a FINRA lawsuit against Stifel Nicolaus, which is where he was a registered representative from 2018 to 2022. On May 1, 2023 Massachusetts Secretary of the Commonwealth William Galvin ordered the brokerage firm to pay a $2.5M penalty and over $700K in restitution after finding that it disregarded red flags indicating that Crespi was allegedly engaging in unauthorized trading and charged excessive fees to individual investors, churches, and nonprofit organizations.