Coleman Devlin – Financial Advisor Coleman Devlin Suspended from Securities Industry | Recover Investment Losses
Coleman Devlin a/k/a Coleman Joseph Devlin CRD #2317635
Coleman Devlin a/k/a Coleman Joseph Devlin was a previously licensed financial advisor with Stifel, Nicolaus & Company, Incorporated and IFS Securities. According to FINRA’s records, Coleman Devlin was discharged from Stifel, Nicolaus & Company, Incorporated on June 28, 2016. Stifel, Nicolaus & Company, Incorporated reported to FINRA that Coleman Devlin was fired after being accused of unauthorized trading.
Subsequent to Coleman Devlin’s firing, FINRA brought a disciplinary action against Coleman Devlin in 2017. Coleman Devlin consented to a 30-business day suspension and a $5,000 monetary fine. FINRA reports that Coleman Devlin consented to the entry of findings that Coleman Devlin effected discretionary trades in five customer accounts without obtaining prior written authorization from the customers and without acceptance of the accounts as discretionary by his member firm.
FINRA reports ten settled claims alleging Coleman Devlin for sales practice violations. The complaints include, but are not limited to, allegations of unsuitability and nonauthorized trading. The claims were settled for as high as $325,000.
If you lost any money on investments with Coleman Devlin, you may be able to recover your losses from Stifel, Nicolaus & Company, Incorporated and/or IFS Securities. This is because Stifel, Nicolaus & Company, Incorporated and IFS Securities had a duty to supervise Coleman Devlin.
If you lost money on investments with Coleman Devlin and believe that 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 and/or IFS Securities, concerning Coleman Devlin’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.
Goodman & Nekvasil, P.A. has recovered approximately $200 million on behalf of victimized investors. If you lost money on any investments with Coleman Devlin 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.