Investors might have sustained losses due to securities broker Ernest Adolf Stiba Jr. (also known as Ernie Stiba Jr.) [CRD: 1254994, Waco, Texas], based on publicly available information on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Ernest Stiba worked for Lion Street Financial LLC and Lion Street Advisors LLC from September 22, 2016, to November 3, 2025, and has been registered with Integrity Alliance LLC since November 3, 2025. See the following information to discover more about disclosures involving Ernest Stiba.
Lion Street Financial Investor Accused Ernie Stiba Of Unsuitable Recommendations
Notably, a Lion Street Financial LLC client filed FINRA Arbitration No. 23-01684 about Ernest Stiba. Mainly, the client alleged that Stiba gave unsuitable advice by recommending an alternative investment that was allegedly inappropriate for unsophisticated investors. Because of this, the client allegedly sustained damages associated with direct investments. Therefore, on September 12, 2024, Lion Street Financial LLC settled this matter by paying the client $90,250.
Ernest Stiba Disclosed Unsuitable Advice Allegations By Lion Street Financial LLC Client
Evidently, a client of Lion Street Financial LLC contested Ernest Stiba’s sales practices by filing FINRA Arbitration No. 22-02635. Allegedly, Stiba made unsuitable recommendations involving direct investments. It appears that Stiba allegedly caused the client to sustain damages. As a result, Lion Street Financial LLC agreed to settle the matter on October 19, 2023, by compensating the client in the amount of $65,000.
Did You Sustain Losses Because Of Securities Broker / Financial Advisor Ernie Stiba?
Are you worried about investments you made through Ernest Stiba? You can contact Soreide Law Group at (888) 760-6552 or online and speak to a securities attorney about a possible recovery of your investment losses. Soreide Law Group has recovered losses for many clients throughout the country. Also, our securities lawyers handle cases on a contingency fee basis and advance all costs. Stiba and brokerage firms Stiba worked for deny allegations of sales practice violations.
