Stifel Nicolaus Sued By Investors For Misrepresentation
Aaron Chaim Lupuloff of Atlanta Georgia a stockbroker formerly employed by Stifel Nicolaus Company Incorporated is referenced in a customer initiated investment related arbitration claim where the customer sought $3,200,000.00 in damages supported by accusations that (1) the customer had been placed into corporate bonds through a private placement executed by Lupuloff and (2) fraudulent omissions and misleading statements were made to the customer concerning the corporate debt investments sold by Lupuloff when he was employed by Stifel Nicolaus Company Inc. Financial Industry Regulatory Authority (FINRA) Arbitration No. 19-02039 (July 26, 2019).
This is not the first time that Lupuloff has been subject of a customer dispute. In fact, a customer filed an investment related arbitration claim concerning Lupuloff’s activities in which the customer requested $5,005,000.00 in damages founded on allegations that taxable revenue bonds had been fraudulently sold to the customer when Lupuloff was associated with Sterne Agee. FINRA Arbitration No. 18-02134 (Aug. 17, 2018).
FINRA Public Disclosure also confirms that Lupuloff was discharged by prior securities broker dealer employer, JP Morgan Securities Inc., based upon accusations of the securities broker dealer’s internal policies being violated by Lupuloff in reference to communications that the stockbroker made outside the company’s auspices.
Lupuloff has been registered with Stifel Nicolaus Company Incorporated since March 15, 2019.