Goodman and Nekvasil May Recover Investors Losses | Stewart Clinton Malloy (Stewart Malloy), Financial Advisor Barred by FINRA
Stewart Malloy was licensed with Morgan Stanley from 2009 to 2015. FINRA reports that Stewart Malloy was barred from association with any Financial Industry Regulatory Authority on January 9, 2019.
FINRA found that Stewart Malloy twice failed to appear and provide FINRA with requested on-the-record testimony in connection with an investigation into Stewart Malloy’s potential unsuitable and unauthorized trades in customer accounts. The findings stated that the matter arose from the amendment to the Form U5 that Stewart Malloy’s member firm filed reporting allegations that he had made unsuitable recommendations in the accounts of two customers who alleged they lost $1 million as a result of his misconduct.
Goodman & Nekvasil, P.A., a Clearwater, Florida, law firm with a national practice representing victimized investors, continues to investigate brokerage firms that placed elderly retirees and other conservative investors in high-risk investments.
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. We would like to discuss the possibility of your retaining our firm to represent you in an arbitration action.
Goodman & Nekvasil, P.A., has filed hundreds of cases against brokerage firms selling high-risk investments and has recovered more than $180 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. All our cases are handled on a purely contingency fee basis.
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. Finally, the filing of such a case should not affect your ownership of these investments in any way.
If you incurred losses on your investment with Stewart Malloy 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.