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Kurt Uzbay (Stifel Nicolaus Broker) Subject of Complaint

Kurt Uzbay The securities and investment fraud law firm Fitapelli Kurta is interested in hearing from investors who have complaints regarding New York-based Stifel Nicolaus broker Kurt Uzbay (CRD# 2490560).

Kurt Uzbay has spent twenty-one years in the securities industry and has been registered with Stifel Nicolaus & Company in Melville, New York since 2014. Previous registrations include Morgan Stanley in Melville, New York (2009-2014); Morgan Stanley & Company in Melville, New York (2007-2009); Citigroup Global Markets in Melville, New York (1999-2007); Painewebber in Weehawken, New Jersey (1996-1999); and Dean Witter Reynolds in Purchase, New York (1994-1996). He is a registered broker with nine US states and territories: California, Colorado, Connecticut, Florida, Illinois, New Jersey, New York, North Carolina, and South Dakota.

According to his BrokerCheck report, Kurt Uzbay is the subject of one pending customer complaint pertaining to his conduct at Morgan Stanley.

In 2014 a customer alleged Kurt Uzbay, while employed at Morgan Stanley, recommended unsuitable stocks in 2011. The customer is seeking $1,000,000 in damages in the pending complaint.

FINRA rules and federal securities law require brokers and investment professionals like Kurt Uzbay to comply with a standard known as suitability, which means they may recommend and sell only investments that are suitable for their clients’ interests. Brokers must consider factors including the customer’s investment goals, experience, income, risk tolerance, and more. They are forbidden from misrepresenting or omitting material facts related to an investment, as such misrepresentations or omissions might lead a client to make unsuitable investments. Brokers who fail to recommend suitable investments may be subject to disciplinary action by FINRA or the Securities and Exchange Commission.

 

If you or someone you know has lost money investing with Kurt Uzbay, call the securities and investment fraud law firm Fitapelli Kurta at 877-238-4175 for a free consultation. You may be eligible to recoup your losses. Fitapelli Kurta accepts all cases on a contingency basis: we only get paid if and when you collect money. Time to file your claim may be limited, so we encourage you to avoid delay. Call 877-238-4175 now to speak to an attorney for free.