June 2018- Boca Raton, FL
The FINRA records of Mitchell T. Yanow , a stock broker who is not currently registered disclose that he was recently discharged by Stifel, Nicolaus & Co. and the settlement of a customer dispute.
The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.
In May 2018, Yanow was discharged by Stifel Nicolaus, who alleged that Yanow “took money from a client account for his personal use without authority”.
Yanow had been employed by Stifel Nicolaus since 4/2015. Prior to that he was employed by Oppenheimer & Co.
In 9/2015 a customer of Yanow/Oppenheimer was paid $144,000 to resolve allegations that their account was charged excessive commissions and margin interest.
If you have questions about an account handled by Mitchell Yanow, call for a no charge consultation to learn how you may be able to recover damages through FINRA arbitration.
Rex Securities Law , with offices in Boca Raton, FL, and Austin, TX, provides representation to investors nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.
Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.
Florida-561 391 1900