Eric Nichols – Financial Advisor/Broker Eric Nichols Suspended from Securities Industry | Goodman & Nekvasil P.A., May Recover Investor Losses
Eric Nichols Financial Advisor/Broker CRD #2710703
Eric Nichols was a formerly licensed financial advisor with Morgan Stanley. FINRA reports that Eric Nichols was suspended from the securities industry in August 2019.
According to FINRA: Eric Nichols consented to the sanctions and to the entry of findings that Eric Nichols wrote checks to a customer totaling approximately $28,000 to settle the customer’s complaint away from his member firm and did not disclose to the firm that he had written the checks. The findings stated that Eric Nichols recommended that the customer make investments in the preferred stock of one issuer. The customer also made additional unsolicited investments. The issuer had suspended its dividend payments, and the customer had incurred significant unrealized losses in the security. The customer complained to Eric Nichols, both verbally and in writing, about the unrealized losses that he had incurred and the fact that the dividend payments had been suspended.
According to Eric Nichols’ CRD, Eric Nichols was discharged from Morgan Stanley in February 2019. According to Eric Nichols’ CRD, Eric Nicholls allegedly may have executed some transactions for non-discretionary client accounts without confirming the transactions directly beforehand in all cases and that the representative reimbursed one client directly for an account-related issue.
According to Eric Nichols’ CRD, a customer dispute was filed alleging unsuitability with respect to investments. According to Eric Nichols’ CRD, this customer dispute is pending.
If you lost any money on investments with Eric Nichols, you may be able to recover your losses. If you lost money on investments with Eric Nichols 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 concerning Eric Nichols’ 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 more than $180 million on behalf of victimized investors. If you lost money on investments with Eric Nichols 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.
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