{"id":6519,"date":"2018-09-11T14:44:44","date_gmt":"2018-09-11T14:44:44","guid":{"rendered":"http:\/\/www.investorlawyers.com\/?p=6519"},"modified":"2019-09-05T17:14:59","modified_gmt":"2019-09-05T22:14:59","slug":"finra-bars-former-jp-morgan-stifel-nicolaus-benjamin-jerold-brokers","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/finra-bars-former-jp-morgan-stifel-nicolaus-benjamin-jerold-brokers\/","title":{"rendered":"FINRA Bars Former JP Morgan, Stifel Nicolaus, and Benjamin & Jerold Brokers"},"content":{"rendered":"

The Financial Industry Regulatory Authority (FINRA) has barred three former brokers who failed to take part in the self-regulatory authority\u2019s probe into allegations of wrongdoing. Stephen T. Hurtak, formerly of Stifel Nicolaus & Co., was a broker for 39 years. According to FINRA, Hurtak refused to take part in the investigation into possibly unsuitable recommendations he may have made to several customers.<\/p>\n

Unsuitable Recommendations <\/em><\/strong><\/h2>\n

Brokers have a duty to make investment recommendations and strategies that are appropriate for a customer as it pertains to their investment goals, risk tolerance, and portfolios. When unsuitable recommendations<\/a> lead to investment losses, this can be grounds for an investor fraud case.<\/p>\n

Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"

The Financial Industry Regulatory Authority (FINRA) has barred three former brokers who failed to take part in the self-regulatory authority\u2019s probe into allegations of wrongdoing. Stephen T. Hurtak, formerly of Stifel Nicolaus & Co., was a broker for 39 years. According to FINRA, Hurtak refused to take part in the investigation into possibly unsuitable recommendations […]<\/p>\n","protected":false},"author":2,"featured_media":442,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3773,3762,3752,3739,4049,3958,3998],"tags":[3145],"class_list":["post-6519","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-broker-fraud","category-current-investigations","category-financial-firms","category-finra","category-industry-bars","category-jp-morgan-chase","category-stifel-nicolaus-company","tag-benjamin-jerold"],"yoast_head":"\nFINRA Bars Various Former Brokers | Investor Lawyers Blog<\/title>\n<meta name=\"description\" content=\"When brokers make unsuitable recommendations that lead to investment losses, this can be grounds for an investor fraud case.\" \/>\n<meta name=\"robots\" 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