CHUCK A ROBERTS formerly with STIFEL

CHUCK A ROBERTS, formerly registered with STIFEL, NICOLAUS & COMPANY, INCORPORATED of New York, NY, from 03/01/2016 - 07/09/2025, was permanently barred by FINRA, according to FINRA’s BrokerCheck, on 7/16/2025. 

According to the FINRA report, without admitting or denying FINRA’s findings, CHUCK A ROBERTS consented to the sanction and to the entry of findings that he refused to appear for on-the-record testimony requested by FINRA in connection with its investigation.

The FINRA findings stated that this matter originated from FINRA's review of client arbitrations filed against CHUCK A ROBERTS' member firm by certain clients alleging that his recommendations of structured products were not in their best interests and/or that he had inaccurately described the products.

CHUCK A ROBERTS initially cooperated with FINRA’s investigation by producing documents and appearing for on-the-record testimony, according to the FINRA report. However, on May 23, 2025, FINRA sent a request to Roberts for additional on-the-record testimony pursuant to FINRA Rule 8210 in connection with FINRA’s investigation. In a June 12, 2025 email from Roberts’ counsel, Roberts acknowledges that he received FINRA’s request and will not appear for on-the-record testimony at any time. By refusing to appear for on the-record testimony as requested pursuant to FINRA Rule 8210, Roberts violated FINRA Rules 8210 and 2010.

Structured notes are complex, high-risk and can result in substantial losses. Regulators require firms to implement strict suitability standards and supervisory practices for their brokers.

According to FINRA’s BrokerCheck, available to the public on FINRA’s website, CHUCK A ROBERTS was registered in the securities industry for 35 years and was listed with 8 firms.  Roberts has 35 disclosures on his FINRA CRD report. Of the 35 disclosures, 32 are “Customer Disputes,” and 3 are “Regulatory” disclosures. The significance of Robert’s disclosures is underscored in FINRA NOTICE to MEMBERS 03-49. FINRA conducted a review of the CRD’s of all registered representatives, only .41% had been the subject of 3 or more customer complaints. In other words, CHUCK A ROBERTS’ 32 customer disputes rank him in the top one-hundredth percent of all registered representatives for customer complaints. 

For example, the “Customer Dispute” filed on 6/10/2025 against CHUCK A ROBERTS is requesting $5,000,000.00 in damages.  The allegations are, “Claimants allege breach of fiduciary duty, negligence, fraud, breach of contract, violation of the New Jersey Uniform Securities Law, and violation of the Florida Securities and Investor Protection Act.”  This dispute is pending.

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