Goodman & Nekvasil P.A., May Recover Investor Losses | Andrew Elsoffer, Financial Advisor Discharged from Stifel, Nicolaus & Company, Incorporated
Andrew Elsoffer was a formerly licensed financial advisor with Stifel, Nicolaus & Company, Incorporated. FINRA reports that Andrew Elshoffer was discharged from Stifel, Nicolaus & Company, Incorporated on October 16, 2018. Stifel, Nicolaus & Company, Incorporated reported to FINRA of alleged loss of confidence following the settlement of an arbitration and violation of the firm’s policy prohibiting receipt of customer funds into an employee’s account.
FINRA reports that Andrew Elsoffer was previously discharged from Merrill Lynch relating to alleged failure to follow management directives and violation of Firm policy including exercising time and price discretion in client accounts and mismarking order tickets.
FINRA also reports that two arbitration claims involving Andrew Elsoffer’s conduct were filed while Andrew Elsoffer was employed with Stifel, Nicolaus & Company, Incorporated alleging securities fraud, common law fraud and misrepresentation, unsuitability, breach of fiduciary duty, elder abuse and exploitation, breach of contract, gross negligence and/or unsuitable investments. These two arbitration claims both settled, with one settling for $165,000.
If you lost any money on investments with Andrew Elsoffer, you may be able to recover your losses from Stifel, Nicolaus & Company, Incorporated. This is because Stifel, Nicolaus & Company, Incorporated had a duty to supervise Andrew Elsoffer.
If you lost money on investments with Andrew Elsoffer and believe the investments may have been unsuitable or otherwise improper for you, we would like to discuss the possibility of your retaining our firm to represent you in an arbitration action against Stifel, Nicolaus & Company, Incorporated concerning Andrew Elsoffer’s conduct. There is no charge for an evaluation of your case. Further, we handle our cases on a contingency fee basis. This means that unless we recover money for you, we charge no attorney’s fee. Unless you recover any money, you pay us nothing, not even the costs and expenses which the firm will advance on your behalf.
Kalju Nekvasil, Esq., formerly regional counsel with the NASD, now known as FINRA, has practiced in this area of the law for more than 35 years. Goodman & Nekvasil, P.A. has recovered more than $180 million on behalf of victimized investors. If you lost money on investments with Andrew Elsoffer and would like your case evaluated by a securities attorney (again, there is no charge for an evaluation and all cases are handled on a purely contingency fee basis), please contact us.