Published on:

Coleman Devlin Received Regulatory Sanction

Coleman DevlinPublicly available records provided by the Financial Industry Regulatory Authority (FINRA) on May 20, 2016 indicate that Maryland-based Stifel Nicolaus broker/adviser Coleman Devlin has been the subject of customer complaints. The securities and investment fraud law firm Fitapelli Kurta is interested in speaking to investors who have complaints regarding Mr. Devlin (CRD# 2317635).

Coleman Devlin has spent 22 years in the securities industry and has been registered with Stifel Nicolaus in Baltimore, Maryland since 2007. Previous registrations include Ryan Beck & Company in Baltimore, Maryland; Gruntal & Company in New York, New York; Dean Witter Reynolds in Purchase, New York; Legg Mason Wood Walker in Baltimore, Maryland; and Tamaron Investments in Englewood, Colorado. He is a registered broker and investment adviser with eleven US states: California, Florida, Maine, Maryland, Massachusetts, New Jersey, New York, North Carolina, Pennsylvania, South Carolina, and Virginia.

According to his BrokerCheck report, Coleman Devlin has received five customer complaints and one regulatory sanction.

In October 2015, a customer alleged Coleman Devlin, while employed at Stifel Nicolaus, executed unauthorized trades and engaged in churning. The complaint settled in November 2015 for $15,000, to which Mr. Devlin individually contributed $15,000.

In 2003, a customer alleged Coleman Devlin, while employed at Morgan Stanley, recommended unsuitable investments and executed unauthorized transactions. The complaint settled in 2005 for $115,000.

In 2003, the National Association of Securities Dealers sanctioned Coleman Devlin following allegations he recommended and effected unsuitable options transactions. He was issued a 15-day suspension and a fine of $10,000.

In 2002, a customer alleged Coleman Devlin, while employed at Morgan Stanley, breached his fiduciary duty, provided unsuitable advice, misrepresented material facts, executed unauthorized trades, breached contract, and failed to supervise. The complaint settled in 2003 for $197,000.

In 2002, a customer alleged Coleman Devlin, while employed at Morgan Stanley, misrepresented and recommended unsuitable investments. The complaint settled in 2003 for $325,000.

In 2001, a customer alleged Coleman Devlin, while employed at Morgan Stanley, executed unauthorized and unsuitable trades. The complaint settled for $122,500.

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