NICHOLAS STOVALL – Former GRADIENT SECURITIES, LLC Broker Sold Premier Global Corporation Promissory Notes – May Recover Investor Losses
NICHOLAS STOVALL – Former GRADIENT SECURITIES, LLC Broker Sold Premier Global Corporation Promissory Notes.
NICHOLAS EDWARD STOVALL (CRD#: 5581487), a former broker for GRADIENT SECURITIES, LLC in ARDEN HILLS, MN, was recently barred after FINRA allegations.
Nicholas Stovall Sold Premier Global Corporation Promissory Notes
According to FINRA, Ultimately, the notes’ issuers defaulted on the notes and subsequently ceased operating. In 2022, two state securities regulators brought actions against the issuers and others, alleging, among other things, that the promissory notes were part of a fraudulent scheme.
Without admitting or denying the findings, Stovall consented to the sanction and to the entry of findings that he participated in private securities transactions totaling $1,401,690 without disclosing to, or seeking from, his member firm prior to engaging in these transactions.
Premier Global Corporation Called “Massive Ponzi Scheme”
The Office of the Kansas Securities Commissioner filed a civil action alleging that defendants Steven J. Parish and Richard D. Dean operated a massive Ponzi scheme through multiple business entities under their control.
Premier Global Corporation Ordered Into Receivership
Pursuant to an order by the District Court of Oklahoma County, Oklahoma and an order by the District Court of Sedgwick County, Kansas, Eric L. Johnson was appointed as a receiver over the entities and individuals named in the Kansas civil action.
Premier Global Corporation (f/k/a Premier Construction Services, Inc. and doing business as Premier Construction Billing), Premier Factoring, LLC, PF-2, LLC, PF-3, LLC, PF-4, LLC, PF-5, LLC, PF-6, LLC, PF-7, LLC, DDI Advisory Group, LLC, Steve Johnathan Parish, Richard Dale Dean, Premier Factoring Group, LLC and KCI Business Services LLC (collectively, “the Receivership Entities”).
NICHOLAS STOVALL – Former GRADIENT SECURITIES, LLC Broker Sold Premier Global Corporation Promissory Notes – May Recover Investor Losses
Goodman & Nekvasil, P.A., is investigating brokers who may have unsuitably recommended investments to their clients.
St. Petersburg, Florida law firm Goodman & Nekvasil, P.A., has a national practice representing victimized investors. The firm continues to investigate brokerage firms that placed elderly retirees and other conservative investors in unsuitable investments.
Goodman & Nekvasil, P.A., has filed numerous cases against brokerage firms selling high-risk investments and has recovered more than $400 million dollars on behalf of victimized investors.
We allege in these cases that these investment recommendations were unsuitable for our clients in view of their financial situation, needs and investment objectives.
There is no charge for an evaluation of your case. We handle our cases on a contingency fee basis. This means that unless we recover money for you, we charge no attorney’s fee.
If you incurred losses on your investment and would like your case evaluated by a securities attorney, please contact us.
Some of the information in this blog post was obtained from FINRA on 5/12/25. If you believe this information was reported incorrectly, please contact our firm: 1-800-500-4442.