Publicly available records provided by the Financial Industry Regulatory Authority (FINRA) and accessed on August 23, 2017 indicate that California-based Stifel Nicolaus broker/adviser Richard Botkin has been sanctioned by FINRA and suspended from acting as a broker. Fitapelli Kurta is interested in hearing from investors who have complaints regarding Mr. Botkin (CRD# 1571729).
Richard Botkin has spent 30 years in the securities industry and has been registered with Stifel Nicolaus & Company in Roseville, California since 2015. Previous registrations include Morgan Stanley in Roseville, California; Morgan Stanley & Company in Folsom, California; Wachovia Securities in Folsom, California; Salomon Smith Barney in New York, New York; Lehman Brothers in New York, New York; and E.F. Hutton & Company. He is a registered broker and investment adviser with 11 US states and territories: Arizona, California, Colorado, the District of Columbia, Idaho, Indiana, Ohio, Oregon, Texas, Virginia and Washington.
According to his BrokerCheck report, Richard Botkin was recently sanctioned by FINRA.
In May 2017 FINRA sanctioned Richard Botkin following allegations he “participated in private securities transactions without first providing a written notice to his member firm.” FINRA’s findings state further: “Botkin sought and received his firm’s approval to participate in an outside business, a production company designed to create a documentary film. Botkin started selling shares in the production company, including $170,000 worth of shares to four firm customers and another $75,000 worth of shares to two non-customers. Nevertheless, the firm prohibited its registered representatives from participating in private securities transactions without providing prior written notice of the transactions to the firm and obtaining the firm’s approval. Also, Botkin provided false answers in response to the firm’s annual compliance attestations regarding his participation in private securities transactions.” He was issued a fine of $15,000 and a four-month suspension from associating with any FINRA member in any capacity.
If you or someone you know has lost money investing with Richard Botkin, 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.