Mitchell Yanow – Financial Advisor Mitchell Yanow Barred from Securities Industry | Goodman & Nekvasil P.A., May Recover Investor Losses
Mitchell Yanow CRD #2148171
Mitchell Yanow was licensed with Stifel, Nicolaus & Company, Incorporated from 2015 to 2018. Mitchell Yanow was previously licensed with Oppenheimer & Co. Inc. FINRA reports that Mitchell Yanow was discharged from Stifel, Nicolaus & Company, Incorporated on May 10, 2018. Stifel, Nicolaus & Company reported to FINRA that Mitchell Yanow allegedly took money from a client account for Mitchell Yanow’s personal use without authorization.
Mitchell Yanow was barred from the securities and investment banking industry on July 11, 2018. FINRA reports that Mitchell Yanow consented to the sanction and to the entry of findings that Mitchell Yanow converted at least $205,586 of an 87-year-old customer’s funds by writing checks drawn on the customer’s brokerage account at Mitchell Yanow’s member firm without the customer’s knowledge or authorization. The findings stated that the customer gave Mitchell Yanow blank checks drawn on the customer’s account so that Mitchell Yanow could pay the customer’s caregivers in the event the customer was unable to do so. However, Mitchell Yanow used the customer’s blank checks to convert at least $205,586 of the customer’s funds, which Mitchell Yanow used to pay for his own personal expenses, including Mitchell Yanow’s overdue homeowner’s association fees, his children’s summer camp fees, and the purchase of a 1976 Corvette automobile.
FINRA reports that a complaint involving Mitchell Yanow’s conduct with Oppenheimer & Co. Inc. alleging excessive commission and margin interest was settled for $144,000.
If you lost any money on investments with Mitchell Yanow, you may be able to recover your losses from Stifel, Nicolaus & Company, Incorporated and/or Oppenheimer & Co. Inc. This is because Stifel, Nicolaus & Company, Incorporated and Oppenheimer & Co. Inc. had a duty to supervise Mitchell Yanow.
If you lost money on investments with Mitchell Yanow 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 and/or Oppenheimer & Co. Inc. concerning Mitchell Yanow’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 Mitchell Yanow 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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