{"id":4738,"date":"2017-06-07T13:18:04","date_gmt":"2017-06-07T18:18:04","guid":{"rendered":"https:\/\/www.investorlawyers.com\/blog\/?p=4377"},"modified":"2022-04-04T12:48:41","modified_gmt":"2022-04-04T17:48:41","slug":"financial-representative-misconduct-rep-didnt-disclose-100m-eb-5-investment-sales-barred-securities-industry-ex-stifel-nicolaus-broker-suspended-fined-variabl","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/financial-representative-misconduct-rep-didnt-disclose-100m-eb-5-investment-sales-barred-securities-industry-ex-stifel-nicolaus-broker-suspended-fined-variabl\/","title":{"rendered":"Financial Representative Misconduct: Rep. Who Didn\u2019t Disclose $100M in EB-5 Investment Sales is Barred From Securities Industry, Ex-Stifel, Nicolaus Broker is Suspended &#038; Fined For Variable Annuity Violations, and Former Advisor is In Trouble Over Alleged Breaches Involving Senior Investors Accounts"},"content":{"rendered":"<p><strong>Former Stifel, Nicolaus Broker is Accused of Variable Annuity Violations<\/strong><br \/>\nThe Financial Industry Regulatory Authority has suspended an ex-Stifel, Nicolaus (SF) broker for four months over variable annuity transactions that he purportedly inappropriately recommended to certain investors. At the time of the alleged <a href=\"https:\/\/www.stockbroker-fraud.com\">variable annuity fraud<\/a>, James Keith Cox worked with Sterne, Agee &amp; Leach. Stifel Financial later acquired that firm.<\/p>\n<p>According to the regulator, Cox recommended a number of VA transactions even though there was no reasonable grounds for thinking they were appropriate for the investors. In addition to the suspension, Cox will disgorge the $25,460 he was paid in commissions.<\/p>\n<p><strong>FINRA Bars California Man From Industry Over $100M in Undisclosed EB-5 Investment Sales<\/strong><br \/>\nA FINRA hearing panels has barred a California-based registered representative for taking part in private securities transactions involving $100M in EB-5 Investments that he failed to disclose to his employer financial firm. Jim Seol sold the EB-5 investments through his business Western Regional Center Incorporated.<\/p>\n<p> <a href=\"https:\/\/www.investorlawyers.com\/blog\/financial-representative-misconduct-rep-didnt-disclose-100m-eb-5-investment-sales-barred-securities-industry-ex-stifel-nicolaus-broker-suspended-fined-variabl\/#more-4738\" class=\"more-link\">Continue Reading \u203a<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Former Stifel, Nicolaus Broker is Accused of Variable Annuity Violations The Financial Industry Regulatory Authority has suspended an ex-Stifel, Nicolaus (SF) broker for four months over variable annuity transactions that he purportedly inappropriately recommended to certain investors. At the time of the alleged variable annuity fraud, James Keith Cox worked with Sterne, Agee &amp; Leach. [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3752,3739,3801,3760,3803,3747,1,3884],"tags":[],"class_list":["post-4738","post","type-post","status-publish","format-standard","hentry","category-financial-firms","category-finra","category-sec","category-sec-enforcement","category-senior-investors","category-stifel-nicolaus-co-inc","category-uncategorized","category-variable-annuities"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Financial Representative Misconduct: Rep. Who Didn\u2019t Disclose $100M in EB-5 Investment Sales is Barred From Securities Industry, Ex-Stifel, Nicolaus Broker is Suspended &amp; Fined For Variable Annuity Violations, and Former Advisor is In Trouble Over Alleged Breaches Involving Senior Investors Accounts &#8212; Investor Lawyers Blog &#8212; June 7, 2017<\/title>\n<meta name=\"description\" content=\"Former Stifel, Nicolaus Broker is Accused of Variable Annuity Violations The Financial Industry Regulatory Authority has suspended an ex-Stifel, Nicolaus &#8212; June 7, 2017\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.investorlawyers.com\/blog\/financial-representative-misconduct-rep-didnt-disclose-100m-eb-5-investment-sales-barred-securities-industry-ex-stifel-nicolaus-broker-suspended-fined-variabl\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Financial Representative Misconduct: Rep. Who Didn\u2019t Disclose $100M in EB-5 Investment Sales is Barred From Securities Industry, Ex-Stifel, Nicolaus Broker is Suspended &amp; Fined For Variable Annuity Violations, and Former Advisor is In Trouble Over Alleged Breaches Involving Senior Investors Accounts &#8212; Investor Lawyers Blog &#8212; June 7, 2017\" \/>\n<meta name=\"twitter:description\" content=\"Former Stifel, Nicolaus Broker is Accused of Variable Annuity Violations The Financial Industry Regulatory Authority has suspended an ex-Stifel, Nicolaus &#8212; June 7, 2017\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Shepherd Smith Edwards &amp; Kantas, LLP\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Financial Representative Misconduct: Rep. Who Didn\u2019t Disclose $100M in EB-5 Investment Sales is Barred From Securities Industry, Ex-Stifel, Nicolaus Broker is Suspended & Fined For Variable Annuity Violations, and Former Advisor is In Trouble Over Alleged Breaches Involving Senior Investors Accounts &#8212; Investor Lawyers Blog &#8212; June 7, 2017","description":"Former Stifel, Nicolaus Broker is Accused of Variable Annuity Violations The Financial Industry Regulatory Authority has suspended an ex-Stifel, Nicolaus &#8212; June 7, 2017","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.investorlawyers.com\/blog\/financial-representative-misconduct-rep-didnt-disclose-100m-eb-5-investment-sales-barred-securities-industry-ex-stifel-nicolaus-broker-suspended-fined-variabl\/","twitter_card":"summary_large_image","twitter_title":"Financial Representative Misconduct: Rep. Who Didn\u2019t Disclose $100M in EB-5 Investment Sales is Barred From Securities Industry, Ex-Stifel, Nicolaus Broker is Suspended & Fined For Variable Annuity Violations, and Former Advisor is In Trouble Over Alleged Breaches Involving Senior Investors Accounts &#8212; Investor Lawyers Blog &#8212; June 7, 2017","twitter_description":"Former Stifel, Nicolaus Broker is Accused of Variable Annuity Violations The Financial Industry Regulatory Authority has suspended an ex-Stifel, Nicolaus &#8212; June 7, 2017","twitter_misc":{"Written by":"Shepherd Smith Edwards &amp; Kantas, LLP","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.investorlawyers.com\/blog\/financial-representative-misconduct-rep-didnt-disclose-100m-eb-5-investment-sales-barred-securities-industry-ex-stifel-nicolaus-broker-suspended-fined-variabl\/#article","isPartOf":{"@id":"https:\/\/www.investorlawyers.com\/blog\/financial-representative-misconduct-rep-didnt-disclose-100m-eb-5-investment-sales-barred-securities-industry-ex-stifel-nicolaus-broker-suspended-fined-variabl\/"},"author":{"name":"Shepherd Smith Edwards &amp; Kantas, LLP","@id":"https:\/\/www.investorlawyers.com\/blog\/#\/schema\/person\/e0240e0754684b69f7d6a7de1b9f1431"},"headline":"Financial Representative Misconduct: Rep. Who Didn\u2019t Disclose $100M in EB-5 Investment Sales is Barred From Securities Industry, Ex-Stifel, Nicolaus Broker is Suspended &#038; Fined For Variable Annuity Violations, and Former Advisor is In Trouble Over Alleged Breaches Involving Senior Investors Accounts","datePublished":"2017-06-07T18:18:04+00:00","dateModified":"2022-04-04T17:48:41+00:00","mainEntityOfPage":{"@id":"https:\/\/www.investorlawyers.com\/blog\/financial-representative-misconduct-rep-didnt-disclose-100m-eb-5-investment-sales-barred-securities-industry-ex-stifel-nicolaus-broker-suspended-fined-variabl\/"},"wordCount":725,"articleSection":{"0":"Financial Firms","1":"FINRA","2":"SEC","3":"SEC Enforcement","4":"Senior Investors","5":"Stifel, Nicolaus, &amp; Co. Inc.","7":"Variable Annuities"},"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.investorlawyers.com\/blog\/financial-representative-misconduct-rep-didnt-disclose-100m-eb-5-investment-sales-barred-securities-industry-ex-stifel-nicolaus-broker-suspended-fined-variabl\/","url":"https:\/\/www.investorlawyers.com\/blog\/financial-representative-misconduct-rep-didnt-disclose-100m-eb-5-investment-sales-barred-securities-industry-ex-stifel-nicolaus-broker-suspended-fined-variabl\/","name":"Financial Representative Misconduct: Rep. Who Didn\u2019t Disclose $100M in EB-5 Investment Sales is Barred From Securities Industry, Ex-Stifel, Nicolaus Broker is Suspended & Fined For Variable Annuity Violations, and Former Advisor is In Trouble Over Alleged Breaches Involving Senior Investors Accounts &#8212; Investor Lawyers Blog &#8212; June 7, 2017","isPartOf":{"@id":"https:\/\/www.investorlawyers.com\/blog\/#website"},"datePublished":"2017-06-07T18:18:04+00:00","dateModified":"2022-04-04T17:48:41+00:00","author":{"@id":"https:\/\/www.investorlawyers.com\/blog\/#\/schema\/person\/e0240e0754684b69f7d6a7de1b9f1431"},"description":"Former Stifel, Nicolaus Broker is Accused of Variable Annuity Violations The Financial Industry Regulatory Authority has suspended an ex-Stifel, Nicolaus &#8212; June 7, 2017","breadcrumb":{"@id":"https:\/\/www.investorlawyers.com\/blog\/financial-representative-misconduct-rep-didnt-disclose-100m-eb-5-investment-sales-barred-securities-industry-ex-stifel-nicolaus-broker-suspended-fined-variabl\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.investorlawyers.com\/blog\/financial-representative-misconduct-rep-didnt-disclose-100m-eb-5-investment-sales-barred-securities-industry-ex-stifel-nicolaus-broker-suspended-fined-variabl\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.investorlawyers.com\/blog\/financial-representative-misconduct-rep-didnt-disclose-100m-eb-5-investment-sales-barred-securities-industry-ex-stifel-nicolaus-broker-suspended-fined-variabl\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.investorlawyers.com\/blog\/"},{"@type":"ListItem","position":2,"name":"Financial Representative Misconduct: Rep. Who Didn\u2019t Disclose $100M in EB-5 Investment Sales is Barred From Securities Industry, Ex-Stifel, Nicolaus Broker is Suspended &#038; Fined For Variable Annuity Violations, and Former Advisor is In Trouble Over Alleged Breaches Involving Senior Investors Accounts"}]},{"@type":"WebSite","@id":"https:\/\/www.investorlawyers.com\/blog\/#website","url":"https:\/\/www.investorlawyers.com\/blog\/","name":"Investor Lawyers Blog","description":"Published By Investment Fraud Attorneys \u2014 Shepherd Smith Edwards &amp; Kantas, LLP","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.investorlawyers.com\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.investorlawyers.com\/blog\/#\/schema\/person\/e0240e0754684b69f7d6a7de1b9f1431","name":"Shepherd Smith Edwards &amp; Kantas, LLP","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/c7f8f04990816cd4044977eb59908da8c8d1ae487cc919cebd7027b74a0740a3?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/c7f8f04990816cd4044977eb59908da8c8d1ae487cc919cebd7027b74a0740a3?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/c7f8f04990816cd4044977eb59908da8c8d1ae487cc919cebd7027b74a0740a3?s=96&d=mm&r=g","caption":"Shepherd Smith Edwards &amp; Kantas, LLP"},"sameAs":["https:\/\/www.investorlawyers.com\/"]}]}},"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/pedX9K-1eq","_links":{"self":[{"href":"https:\/\/www.investorlawyers.com\/blog\/wp-json\/wp\/v2\/posts\/4738","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investorlawyers.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investorlawyers.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investorlawyers.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investorlawyers.com\/blog\/wp-json\/wp\/v2\/comments?post=4738"}],"version-history":[{"count":4,"href":"https:\/\/www.investorlawyers.com\/blog\/wp-json\/wp\/v2\/posts\/4738\/revisions"}],"predecessor-version":[{"id":26251,"href":"https:\/\/www.investorlawyers.com\/blog\/wp-json\/wp\/v2\/posts\/4738\/revisions\/26251"}],"wp:attachment":[{"href":"https:\/\/www.investorlawyers.com\/blog\/wp-json\/wp\/v2\/media?parent=4738"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investorlawyers.com\/blog\/wp-json\/wp\/v2\/categories?post=4738"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investorlawyers.com\/blog\/wp-json\/wp\/v2\/tags?post=4738"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}