JOHN RAYMOND LISOWSKI CRD#: 1011572, along with his firm, STIFEL, NICOLAUS & COMPANY, INC., was ordered by a FINRA arbitration panel to pay $500,000.00 to a client who alleged over-concentration and unauthorized trading. Lisowski is currently a registered representative at Stifel, Nicolaus & Co in Pittsburgh, Pennsylvania.
According to FINRA, the client filed the claim in December of 2018 against Stifel, Nicolaus & Co, and their financial advisor, John Raymond Lisowski. The claim alleged breach of contract, breach of fiduciary duty, negligence, common law fraud, failure to supervise and other violations, according to FINRA. The claims were related to alleged failure on the part of Lisowski to recommend a suitable investment strategy and asset allocation, including over-concentration in certain stocks, and unauthorized and excessive trading, and investment in unsuitable securities, according to FINRA.
According to the FINRA report, the client was seeking $390,000 in damages, disgorgement of profits and excessive commissions, damages as authorized by the Pennsylvania Unfair Trade Practices and Consumer Protection Law, lawyers’ fees and costs, and punitive damages. The FINRA panel ordered Stifel, Nicolaus & Co and John Raymond Lisowski to pay $500,000 in compensatory damages. The other claims were denied.
According to FINRA’s BrokerCheck, available to the public on FINRA’s website, John Raymond Lisowski, has been registered in the securities industry for 38 years. The Customer Dispute listed on his report dated September 17, 2018, allegations were, “Customer alleges that registered representative mishandled customer's account through unsuitable, unauthorized, and excessive trading.” The requested damages listed were, $390,000.00 and the damages granted were 500,000.00.
Lisowski has been registered with 7 firms and has been with the following firm since 7/31/2007:
STIFEL, NICOLAUS & COMPANY, INCORPORATED
1001 LIBERTY AVENUE SUITE 1100
PITTSBURGH, PA 15222
If you’ve suffered investment losses due to the actions or recommendations of John Raymond Lisowski, a registered representative with Stifel, Nicolaus & Co in Pittsburgh, Pennsylvania, contact Soreide Law Group and speak to a lawyer at no cost regarding the possible recovery of your financial losses through a FINRA arbitration at: 888-760-6552.
Soreide Law Group works on a contingency fee basis and represents clients nationwide before FINRA.
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