Soreide Law Group has filed a FINRA arbitration on behalf of their client (Claimant) against:


The Claimant is now retired and living in Montana. The Claimant became a customer of STIFEL NICOLAUS & COMPANY and registered representative, Robert Pierre Holland (CRD#1962105), on or about 2014. Robert Pierre Holland is not named in this lawsuit.

The lawsuit alleges the Claimant was looking for growth and moderate income as he was nearing retirement and wanted to be on the conservative side. After 6 years with  STIFEL NICOLAUS & COMPANY, the lawsuit alleges that the Claimant’s account has fallen over $200,000 in principal value as the markets as a whole enjoyed record returns. The Claimant alleged years of unsuitable advice and the concentration heavily into oil and gas related investments and high yield poorly rated debt.

Allegedly, Robert Pierre Holland concentrated the accounts into high risk oil investments, including but not limited to: Linn Energy, Whiting Petroleum, Seadrill, Dynagas, Legacy Reserves, Vanguard Natural resources, Cushing Energy Income, and Natural Resources Partners, to name a few.  Holland also allegedly purchased other highly speculative non-energy investments that had a poor credit rating and focused heavily on real estate and high yield debt.

The lawsuit states that the Claimant was looking to protect and grow his principal while generating an income, and over the last six years the Claimant has lost not only a substantial portion of his principal but now the lost opportunity for the lost principal to generate income for him through retirement.

Allegedly, STIFEL NICOLAUS & COMPANY and their registered representative’s actions have caused Claimant damages of approximately $200,000.00. The lawsuit is alleging: negligence, breach of fiduciary duty, and negligent supervision. STIFEL NICOLAUS & COMPANY ha yet to file a response to this lawsuit, it is anticipated they will deny any wrongdoing.

According to FINRA’s BrokerCheck, Robert Pierre Holland, has been registered in the securities industry for 31 years and has been listed with 2 firms.  He has been registered with the following firm since 3/24/2011:




If you have experienced losses due to the recommendations or actions of STIFEL NICOLAUS & COMPANY and/or their registered representative, Robert Pierre Holland, of Billings, Montana, please contact Soreide Law Group and speak to an experienced securities lawyer at no cost regarding the possible recovery of your investment losses through a FINRA arbitration at:  888-760-6552.

Soreide Law Group represents our clients nationwide before FINRA on a contingency fee basis—no fee to you if no recovery.