Publicly available records provided by the Financial Industry Regulatory Authority (FINRA) and accessed on August 22, 2017 indicate that Massachusetts-based Stifel Nicolaus & Company broker/adviser Christopher Stoddard has been sanctioned by FINRA in connection to alleged rule violations. Fitapelli Kurta is interested in speaking to investors who have complaints regarding Mr. Stoddard (CRD# 2773797).
Christopher Stoddard has spent 20 years in the securities industry and has been registered with Stifel Nicolaus & Company in Boston, Massachusetts in December 2016. Previous registrations include Wells Fargo Advisors in Norwell, Massachusetts; Morgan Stanley in Norwell, Massachusetts; and Citigroup Global Markets in Hingham, Massachusetts. He has passed five securities industry examinations: Series 65 (Uniform Investment Adviser Law Examination); Series 63 (Uniform Securities Agent State Law Examination); Series 7 (General Securities Representative Examination); Series 9 (General Securities Sales Supervisor – Options Module Examination); and Series 10 (General Securities Sales Supervisor – General Module Examination). He is a registered broker and investment adviser with 23 US states and territories.
According to his BrokerCheck report, he has received one FINRA sanction and one customer complaint.
In August 2017 FINRA sanctioned him following allegations that “shortly before he terminated his association with a member firm, Stoddard altered four of his clients’ telephone numbers and email addresses in the firm’s client management database.” FINRA’s findings continue: “although Stoddard separately provided the firm with an accurate list of his customers’ contact information, he changed four customers’ contact information in the firm’s client management database in order to delay the firm’s ability to contact the customers in question and thereby ensure Stoddard was able to speak with the customers before the firm. Stoddard changed the relevant contact information without the knowledge or authorization of the affected clients.” He was issued a fine of $5,000 and a 20-day suspension which will commence on September 18, 2017.
In November 2016, he was terminated from Wells Fargo Advisors “for activity associated with departure from employment at Morgan Stanley.”
In 2004 a customer alleged Christopher Stoddard, while employed at Salomon Smith Barney, breached contract, breached his fiduciary duty, made unsuitable recommendations, made misrepresentations of material facts, committed fraud, violated securities laws, and acted negligently. The complaint settled for $9,999.
If you or someone you know has lost money investing with Christopher Stoddard, call Fitapelli Kurta at 877-238-4175 for a free consultation. You may be eligible to recoup your losses. Fitapelli Kurta accepts all cases on a contingency basis: we only get paid if and when you collect money. Time to file your claim may be limited, so we encourage you to avoid delay. Call 877-238-4175 now to speak to an attorney for free.