Soreide Law Group is investigating possible investor claims against securities broker Joel Kichline (also known as Joel Paul Kichline) [CRD: 1416219, Frontenac, MO. Notably, Stifel Nicolaus Company Incorporated permitted Joel Kichline to resign amid allegations of his misconduct. Supposedly, Kichline possibly engaged in discretionary trading. Here is a brief summary of Stifel Nicolaus Company Incorporated’s allegations against Joel Kichline as well as a summary about some regulatory actions and investor disputes involving this broker.
Stifel Nicolaus Company Incorporated Terminates Kichline For Discretionary Trading
Evidently, on February 23, 2022, Stifel Nicolaus Company Incorporated disaffiliated with Joel Kichline. Stifel Nicolaus Company Incorporated alleged that Kichline engaged in discretionary trading.
Missouri Sanctions Joel Kichline
A Missouri regulator sanctioned Kichline for violating Sections 409.4-412(d)(5)(c) and 409.4-412(b). Supposedly, the broker paid a $2,500 fine and served a 1-month suspension to resolve this matter.
FINRA Sanctions Kichline
Also, on January 13, 2022, FINRA issued Case: 2020067473501 sanctioning Joel Kichline for infractions. Specifically, Kichline was issued a 1-month suspension as a securities broker, meaning FINRA disallowed him from maintaining an association with FINRA-member firms. Also, the financial regulator issued him a fine in the amount of $5,000. Notably, FINRA alleged that Kichline engaged in discretionary trading. Supposedly, he made 1,519 discretionary trades without written authorization.
Joel Kichline Discharged For Discretionary Trading
Additionally, Raymond James Associates Inc. disaffiliated with Joel Kichline on July 9, 2020. Allegedly, Kichline engaged in discretionary trading.
A.G. Edwards Sons Inc. Investor Accused Kichline Of Opening Accounts Without Authorization
Also, on December 12, 2006, an A.G. Edwards Sons Inc. client filed a complaint about Kichline. Namely, the client alleged that Kichline did not have the client’s authorization to open investment accounts. Because of this, the client allegedly sustained damages. Therefore, the client requested compensation from A.G. Edwards Sons Inc. or Kichline. However, the broker denied this complaint.
- Kichline worked for Raymond James Associates Inc. in St. Louis, MO, as a securities broker from May of 2009 to August of 2020.
- Kichline worked for Stifel Nicolaus Company Incorporated in Frontenac, MO, as a securities broker from August of 2020 to February of 2022.
Did Stifel Nicolaus Company Incorporated Securities Broker Kichline Cause You To Experience Damages?
Have you experienced damages through investing with Kichline? Get in touch with Soreide Law Group at (888) 760-6552 and talk with a securities lawyer concerning a potential recovery of your investment losses. Soreide Law Group, who has effectively recovered money for hundreds of investors in all 50 states, represents clients on a contingency fee basis and advances all costs. The firm will take the time to fully understand your situation and will carefully explain your legal options. Kichline and brokerage firms Kichline worked for deny any and all allegations of sales practice violations.
