Investors Blame Stifel Nicolaus For Unauthorized Trading
Jason Andrew Taub of Florham Park New Jersey a stockbroker currently registered with Stifel Nicolaus Company Incorporated is the subject of a customer initiated investment related written complaint on May 10, 2019 in which the customer requested damages estimated to exceed $5,000.00 based upon allegations that (1) unauthorized common and preferred stock trades and corporate debt trades were effected in the customer’s account and (2) the customer was deprived of information that concerned Taub’s methodology of trading while the stockbroker was associated with Stifel Nicolaus Company.
Financial Industry Regulatory Authority (FINRA) Public Disclosure reveals that Taub has been identified in two additional customer initiated investment related disputes containing accusations of his misconduct during the period in which he was associated with securities broker dealers including Stifel Nicolaus. Specifically, a customer filed an investment related complaint in regard to Taub’s conduct where the customer sought damages estimated to exceed $5,000.00 supported by allegations of false or misleading statements or omissions concerning the fees charged by Taub in effecting mutual fund trades in the customer’s account.
Also, Taub is referenced in a customer initiated investment related written complaint in which the customer requested $150,000.00 in damages founded on accusations that when Taub was employed by Stifel Nicolaus, the customer’s investment portfolio was overconcentrated in speculative securities by Taub; and investment advice was not suitable given the customer’s goals or risk tolerance.
Taub’s registration with Stifel Nicolaus has been terminated as of November 15, 2018.