JOHN RUSSELL Cause Your Investment Losses?

Soreide Law Group is reviewing possible investor claims against Stifel, Nicolaus & Company Incorporated  (“Stifel Nicolaus”) broker John Russell (CRD#: 728702, Clayton, Missouri). Russell, a securities representative for Stifel Nicolaus since November 18, 1988, reports three client disputes on his Financial Industry Regulatory Authority (“FINRA”) BrokerCheck Report. Here is a summary of the disputes concerning Russell:

August 21, 2018 Civil Litigation Alleging John Russell Was Negligent And Breached A Fiduciary Duty


A claimant brought a lawsuit under Case #: 17SL-CC03567 on August 4, 2018 regarding John Russell’s alleged sales practice violations when at Stifel Nicolaus. First, the claimant alleged that Russell failed to make investment recommendations in the claimant’s best interest. Secondly, the claimant contended that Russell fraudulently or negligently misrepresented important information relating to the claimant’s investments. Thirdly, the claimant contended that Russell acted irresponsibly with respect to the claimant’s investments. Fourth, the claimant alleged that Russell engaged in a conspiracy with regard to the claimant’s investments. Because of this, the claimant demanded $3,000,000 in compensation. This claim is pending a resolution.

September 22, 2011 Complaint Suggesting Russell Made Unauthorized Bond Purchases


A Stifel Nicolaus client brought an investment dispute dated September 22, 2011 concerning John Russell. Namely, the client stated that Russell made a bond purchase without the client’s permission. Supposedly, the client gave Russell parameters to work with in making bond selections. However, Russell supposedly failed to invest within those guidelines. Eventually, Stifel Nicolaus opted to settle the client’s claim by paying the client $38,562.88 in damages.

August 28, 2007 Dispute Concerning John Russell’s Alleged Misrepresentation Of Bonds


The third dispute which John Russell reports comes from a Stifel Nicolaus client who filed the complaint on August 28, 2007 about Russell’s trading practices. Supposedly, Russell misrepresented the length of bonds he sold to the client. Not only that, but Russell also supposedly misrepresented bond risks. Because of Russell’s alleged misrepresentations, the client bought the bonds and then incurred a loss. Therefore, the client alleged $14,720.53. However, Stifel Nicolaus denied the client’s claim on September 18, 2007.

Lars Soreide Highest Ethical Standard Award 2018

Lars Soreide Highest Ethical Standard Award 2018

If you experienced losses by investing with securities broker John Russell, contact Soreide Law Group at (888) 760-6552 and speak with experienced counsel about a possible recovery of your investment losses. Soreide Law Group represents clients on a contingency fee basis and advances all costs. The firm has recovered millions of dollars for investors who have suffered losses due to misconduct of brokers and brokerage firms.