Soreide Law Group is investigating possible investor claims against securities broker Michael Anthony Fahsholtz [CRD#: 2057306, Wenatchee, WA]. Fahsholtz worked for Stifel Nicolaus & Company Inc. from 2011-2020 and Wells Fargo from 2005-2011.
Specifically, Financial Industry Regulatory Authority (FINRA) BrokerCheck discloses that Stifel Nicolaus & Company investors disputed Fahsholtz’s sales practices. Evidently, investors allege sales practice violations in these disputes, including that Fahsholtz acted negligently, breached a fiduciary duty, and violated Washington securities laws. Here is a brief summary of the disclosures about Fahsholtz:
Stifel Nicolaus & Company Client Accuses Michael Fahsholtz Of Negligence
Evidently, a client of Stifel Nicolaus & Company contested Michael Fahsholtz's sales practices by filing FINRA Arbitration #: 21-02921 on November 29, 2021. Supposedly, Fahsholtz acted negligently, breached a fiduciary duty, and violated Washington securities laws. Allegedly, the corporate bond transactions involving this securities broker caused the client to sustain damages. Therefore, the client seeks compensatory relief from Stifel Nicolaus & Company or Fahsholtz in this ongoing matter.
Fahsholtz Allegedly Makes Unsuitable Recommendations To Stifel Nicolaus & Company Client
Also, a client of Stifel Nicolaus & Company contested Michael Fahsholtz's sales practices by filing a complaint. Supposedly, Fahsholtz made unsuitable recommendations, violated securities laws and FINRA rules, and breached a fiduciary duty. Allegedly, the unit investment trust transactions connected to this securities broker resulted in damages for the client. Therefore, Stifel Nicolaus & Company opted to settle the matter on May 20, 2021, by compensating the client in the amount of $25,000.
Stifel Nicolaus & Company Client Accuses Michael Fahsholtz Of Inappropriate Transactions
Evidently, a Stifel Nicolaus & Company client filed a complaint about Michael Fahsholtz. Specifically, the client alleged that Fahsholtz made inappropriate transactions. For this reason, the client claims that they experienced damages relating to investments in corporate bonds. Therefore, on February 19, 2021, Stifel Nicolaus & Company settled this matter by paying the client $7,500.
Fahsholtz Allegedly Breaches Fiduciary Duty To Stifel Nicolaus & Company Client
Also, a client of Stifel Nicolaus & Company contested Michael Fahsholtz's sales practices by filing a complaint. Supposedly, Fahsholtz made unsuitable recommendations, violated Washington Securities Act, and breached a fiduciary duty. Allegedly, the unit investment trusts transactions involving this securities broker caused the client to sustain damages. Therefore, Stifel Nicolaus & Company opted to settle the matter on November 6, 2020, by compensating the client in the amount of $14,500.
Did Stifel Nicolaus & Company Securities Broker Michael Fahsholtz Cause You To Experience Damages?
Did you sustain damages through any sales practice violations by Michael Fahsholtz? If the answer is yes, contact Soreide Law Group at (888) 760-6552 to discuss your situation with a securities lawyer about a possible recovery of your investment damages. Soreide Law Group, who has successfully recovered money for hundreds of investors in all 50 states, represents clients through a contingency fee arrangement and advances all costs. Fahsholtz and brokerage firms Fahsholtz associated with deny all allegations against them.
