Public records published by the Financial Industry Regulatory Authority (FINRA) on March 16, 2017 indicate that Ohio-based Stifel Nicolaus & Company broker/adviser Robert Berry has been sanctioned by FINRA. Fitapelli Kurta is interested in speaking to investors who have complaints regarding Mr. verry (CRD# 849285).
Robert Berry has spent 39 years in the securities industry and has been registered with Stifel Nicolaus & Company in Fairlawn, Ohio since 2009. Previous registrations include Butler Wick & Company in Fairlawn, Ohio; Wachovia Securities in Akron, Ohio; and Merrill Lynch in New York, New York. He is a registered broker and investment adviser with sixteen US states and territories.
According to his BrokerCheck report, Robert Berry has received one FINRA sanction and one customer complaint.
In March 2017 FINRA sanctioned Robert Berry following allegations he “exercised discretion while effecting transactions, pursuant to a stop-loss strategy, by modifying existing good-to-cancel orders in the securities accounts of multiple customers of his member firm, without obtaining prior written authorization from the customers or prior written approval from his firm.” According to FINRA’s findings, though he had obtained oral authorization from his customers to exercise discretion, the firm had not approved the accounts in writing for discretionary trading. He was issued a ten-day suspension and a fine of $2,500.
In 1987 a customer alleged Robert Berry, while employed at Merrill Lynch, breached his fiduciary duty, breached contract, and failed to execute. The complaint resulted in an award to the customer of $129,000.
If you have lost money investing with Robert Berry, you may be entitled to recoup your losses. Call Fitapelli Kurta at 877-238-4175 for a free consultation. All cases are taken on a contingency basis, which means 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.