INVESTOR ALERT! John McKinstry of Moloney Securities in St. Louis, MO

Coleman Devlin, formerly of Stifel Nicolaus & Company, Suspended by FINRA

 

Have you lost money with financial advisor Coleman Devlin of Baltimore, Maryland?  We are investigating allegations made by FINRA, the Financial Industry Regulatory Authority, against Coleman J. Devlin. FINRA suspended Devlin from the securities industry for 30 days and fined him $5,000 regarding allegations that he engaged in discretionary trading in at least five customer accounts without written permission to do so.  FINRA also alleged that he did not have permission from his former brokerage firm, Stifel Nicolaus & Company, to engage in this type of trading.

 

Coleman Devlin was a financial advisor and registered representative of Stifel Nicolaus & Company from June 2007 to July 2016.  He worked at a branch office in Baltimore, Maryland. Devlin has been the subject of ten customer complaints, alleging claims of negligence, excessive trading, churning, and breach of fiduciary duty with respect to over-the-counter (OTC) stocks or penny stocks.

 

Brokerage firms like Stifel Nicolaus & Company have a responsibility to adequately supervise all representatives who are registered through their firm.  Brokerage firms also must take steps to ensure that their financial advisors follow all securities rules and regulations, as well as internal firm policies.  When brokerage firms fail to adequately supervise their registered representatives, they may be liable for investment losses sustained by customers.

 

Israels & Neuman PLC is a securities and investment fraud law firm with offices in Seattle, Washington; Vancouver, Washington; and Denver.  We represent investors in FINRA arbitration proceedings in all 50 states, including investors throughout Baltimore, Maryland, and the Washington, D.C. area.  Our attorneys have represented over one thousand investors against many brokerage firms in the past, including Stifel Nicolaus & Company.

 

Click to view:  Devlin, Coleman FINRA AWC

Click to view:  Devlin, Coleman BrokerCheck 10.18.17

 

If you lost money with Coleman Devlin or Stifel Nicolaus & Company, please Contact Us at 720-599-3505 for a free evaluation of your case.

 

Israels & Neuman, PLC is a private law firm and is not affiliated with any government or law enforcement agency.  Any investigation referenced in this blog is independent in nature and is being conducted by our law firm privately, not in conjunction with any government or law enforcement agency.  All information contained in this blog should be deemed statements of opinion derived from the author’s review of public records, not statements of fact.  This blog is advertising material and does not create an attorney client relationship, nor does it constitute legal advice.  Everyone’s situation is different and the question of whether or not you have a claim will vary on a case-by-case basis.  In contingent representation, clients may still be liable for costs.