Broker David J. Morris of Stifel, Nicolaus & Co. Suspended by Regulators
Summary
Contact KlaymanToskes National investment loss lawyers KlaymanToskes reports that Stifel, Nicolaus & Company broker/investment advisor David Jeffrey Morris (CRD# 2522277) has been indefinitely suspended by the Financial Industry Regulatory Authority (“FINRA”) from acting as a broker at any FINRA-regulated brokerage firm. The Chicago, Illinois-based broker will remain suspended starting February 24th, 2023 until required information is provided to FINRA or the suspension converts to a bar. Morris was previously hit with a customer complaint that alleged he made unsuitable investments in their accounts and misrepresented the fees they were being charged. The broker’s other regulatory action in March 2022 was a suspension for “failure to comply with an arbitration award or settlement agreement or to satisfactorily respond to a FINRA request to provide information concerning the status of compliance”. Customers of David Jeffrey Morris and/or any other broker at Stifel, Nicolaus & Co. who have experienced significant investment losses are encouraged to contact attorney Lawrence L. Klayman, Esq.