Silver Law Group Continues to Investigate Potential Claims Against Chuck Roberts

Silver Law Group is actively investigating potential claims involving Stifel, Nicolaus broker Chuck Roberts (CRD# 2064602), a financial advisor currently employed with Stifel, Nicolaus & Company, Inc. with offices located in New York, NY and Miami Beach, FL. Roberts is currently the subject of sixteen customer-initiated arbitrations filed with the Financial Industry Regulatory Authority (FINRA) alleging misconduct related to investments in structured note products.

Collectively, the customers in these recently-filed arbitrations allege damages in excess of $60 million based on legal claims such as breach of fiduciary duty, fraud, negligence, breach of contract, and violations of various federal and state securities laws. Based on its investigation, Silver Law Group believes other customers have lost substantially more.

Structured notes have dual investment characteristics that heighten the risks and illiquidity of those products. Although the note is “structured” as a debt obligation, it also includes an embedded derivative component that adjusts its risk/return profile. The returns on the investment are linked to the performance of an index, such as the S&P 500, an underlying asset, or a group of assets. Due to their unique composition, structured notes cannot be readily sold like other investments, despite having added risks from both market fluctuations and from default.

Therefore, structured notes are often considered to be both too complex and too risky for individual investors. For instance, some include principal protection, while others do not, which can lead to the loss of an investor’s entire principal. These notes are difficult to sell before their maturity dates and also can have a high risk of default and complete loss of principal.

Did You Invest With Chuck Roberts At Stifel Nicolaus?

Scott Silver is a leading investor advocate representing investors in securities and investment fraud disputes. Over the course of his career, Scott has recovered millions of dollars for investors through FINRA arbitration and class action litigation. Scott has served as the chairman of the American Trial Lawyer’s Securities Fraud group for the past decade. A frequent speaker at industry conferences and education events, Scott particularly enjoys speaking at law schools and has guest lectured at the University of Miami School of law on multiple occasions.

Silver Law Group represents investors in securities and investment fraud cases. Our lawyers are admitted to practice in New York and Florida and represent investors nationwide to help recover investment losses due to stockbroker misconduct. If you have any questions about how your account has been handled, call to speak with an experienced securities attorney. Most cases are handled on a contingent fee basis, meaning that you won’t owe us until we recover your money for you. Contact us today at (800) 975-4345 and let us know how we can help.