Mitchell Yanow, formerly with Stifel Nicolaus, Barred from the Securities Industry
Have you lost money with financial advisor Mitchell Yanow of Boca Raton, Florida? We are investigating allegations made by FINRA, the Financial Industry Regulatory Authority, against Mitchell Toby Yanow. FINRA barred Yanow from the securities industry regarding allegations that he converted or stole at least $205,000 from an elderly customer. Yanow previously received authority from the customer to help pay bills, but Yanow was alleged to have used the customer’s money for his personal expenses.
Mitchell Yanow was a financial advisor and registered representative of Stifel Nicolaus from April 2015 to May 2018. He worked at a branch office in Boca Raton, Florida. Yanow was also terminated by Stifel Nicolaus regarding these allegations.
Brokerage firms like Stifel Nicolaus 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 Denver, Colorado; Ann Arbor, Michigan; and Seattle, Washington. We represent investors in FINRA arbitration proceedings in all 50 states, including investors throughout Florida. Attorney David Neuman is licensed to practice law in Florida. Our attorneys have represented over one thousand investors against many brokerage firms in the past, including Stifel Nicolaus.
Click to view: Yanow, Mitchell FINRA AWC
Click to view: Yanow, Mitchell BrokerCheck 7.16.18
If you lost money with Mitchell Yanow or Stifel Nicolaus, 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.