Structured Product Loss Attorneys

Shepherd Smith Edwards and Kantas Structured Product Loss Attorneys Investigates Stifel Nicolaus Broker Chuck Roberts Over Structured Note Sales

Customers of Miami Beach Financial Advisor File $23.5M in Investor Loss Lawsuits

Our seasoned broker fraud attorneys are looking into claims of losses by investors who purchased structured notes while working with Stifel, Nicolaus & Co. financial advisor Chuck Roberts. Already, he has been named in multiple investor claims seeking $23.5M in damages, with a number of the claimants suing for $5M in damages. The allegations made against the veteran broker include breach of fiduciary duty, fraud, negligence, breach of contract, misrepresentations, selling away, and more.

Roberts, who is a Stifel Nicolaus managing director out of Miami Beach, Florida, reportedly worked with wealthy investors. He allegedly was “aggressive” when it came to investing his customers’ funds in structured notes.

Structured Notes Can Be Risky Even For High-Net-Worth Investors

This type of financial product is underwritten by Wall Street Banks. Typically a hybrid of a derivative and a bond, structured notes can be volatile investments, which makes them very risky. A debt obligation with the embedded derivative component,  structured note’s returns are tied to the performance of an underlying asset(s) or index. While some structured notes come with principal protections, there are ones that do not. These can be even riskier, potentially causing investors to lose some or all of their principal depending on market activity and the note’s terms.

Structured notes can be highly illiquid and complex. Brokerage firms that sell them tend to charge high commissions and fees to investors. While the chance to earn high returns makes them appealing to both wealthy investors and retail investors alike—though these structured products are typically unsuitable for the latter—the losses can be great. Ironically, broker-dealers and their financial advisors have been known to market structured products as conservative, income-making investments.

Why Explore Your Legal Options With Our Seasoned Structured Product Loss Attorneys

At Shepherd Smith Edwards and Kantas (investorlawyers.com), we have spent over 30 years exclusively representing investors against US-based brokerage firms, including the largest Wall Street broker-dealers. We have the experience, skills, and resources to take on even the most complex kinds of financial product loss cases and fight for our clients’ financial recovery.

During your free, no-obligation case consultation, our trusted Structured Product Loss Attorneys can help you determine whether your structured note losses warrant grounds for suing your financial advisor and their brokerage firm. Over the years, we have recovered a collective many millions of dollars for thousands of clients, including retail customers, retirees, senior investors, high-net-worth individual investors, institutional investors, and others. Should we decide to work together, you can count on receiving quality securities law representation and personalized attention from a securities law firm committed to fighting for you.

Call our team of Structured Product Loss Attorneys at (800) 259-9010 or contact us online today.