Publicly available records provided by the Financial Industry Regulatory Authority (FINRA) on September 9, 2016 indicate that Chicago-based Stifel Nicolaus & Company broker/adviser Steven Wine has been sanctioned by FINRA. The securities and investment fraud law firm Fitapelli Kurta is interested in speaking to investors who have complaints regarding Mr. Wine (CRD# 1503868).
Steven Wine has spent 30 years in the securities industry and has been registered with Stifel Nicolaus & Company in Chicago, Illinois since 2014. Previous registrations include UBS Financial Services in Chicago, Illinois; Mesirow Investment Services; and Terra Securities. He is a registered broker and investment adviser with nine US states and territories: California, Florida, Illinois, Indiana, Louisiana, Mississippi, New York, Ohio, and Virginia.
According to his BrokerCheck report, Steven Wine has received one FINRA sanction and resigned from UBS Financial Services.
In June 2016, FINRA sanctioned Steven Wine following allegations he “signed his clients’ names to redemption request forms in order to effect, with their permission, his clients’ stated objective of redeeming their investments in certain funds that provided exposure to alternative investment classes.” According to FINRA, Mr. Wine “did not obtain prior written authorization to sign these documents on behalf of his clients, and his member firm’s policies prohibited signing documents on behalf of another person, even if done with their consent or for their convenience.” He was issued a 45-day suspension and a fine of $5,000.
In 2014, Steven Wine was “permitted to resign” from his position at UBS Financial Services following allegations he signed clients’ names to quarterly forms on the clients’ behalf.
If you have suffered losses while investing with Steven Wine, you may be entitled to a recovery. Call the securities and investment fraud law firm Fitapelli Kurta at 877-238-4175 for a free consultation. All cases are taken on contingency: we only get paid if and when you collect money. Time to file your claim may be limited, so we suggest you avoid delay. Call 877-238-4175 now to speak to an attorney for free.