Andrew Elsoffer – Financial Advisor/Broker Suspended from Securities Industry | Goodman & Nekvasil P.A., May Recover Investor Losses
Andrew Elsoffer a/k/a Andrew Bruce Elsoffer was a licensed financial advisor with Stifel, Nicolaus & Company, Incorporated.
John Quinn was discharged from Stifel, Nicolaus & Company, Incorporated in October, 2018.
Stifel, Nicolaus & Company 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.
According to FINRA: Respondent consented to the imposition of a two-year suspension from associating with any FINRA member in all capacities and a $15,000 fine.
Between February 14, 2012 and October 15, 2018, Elsoffer exercised discretion without written authorization for five customers and between May 15, 2018 and July 30, 2018, he loaned a total of $13,703 to one customer. He also made false statements to FINRA.
Goodman & Nekvasil, P.A. May Recover Investor Losses:
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 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 almost 40 years. Goodman & Nekvasil, P.A. has recovered more than $250 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.
Some of the information in this blog post was obtained on 3/3/22 directly from FINRA BrokerCheck, without any changes. If you believe this information was reported incorrectly, please contact our firm at 1-800-500-4442.