November 2020- Clearwater, FL
According to publicly available records Jason Dukas (CRD#4188239), a stockbroker with Stifel, Nicolaus & Company, discloses a regulatory event and a termination from employment.
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 2020, in case #2017055028101, FINRA alleged that Dukas participated in a private securities transaction involving a customer of his member firm without providing prior written notice to his firm. The findings stated that Dukas participated in an investment by the customer in a start-up company away from the firm. He solicited the transaction by recommending the investment to a customer, arranging for the customer to attend a promotional meeting about the company and provided advertising materials about the company to the customer. He helped facilitate the transaction by forwarding a promissory note and other investment related documents to the customer. Sanctions were a nine month suspension starting June 2020 until February 2021 and a $15,000 fine.
In June 2017 Dukas was allowed to voluntarily resign from his employment with Wells Fargo Clearing Services after allegations that his conduct related to a private security conflicted with the firm’s policy related to private securities transactions.
Dukas has worked with Stifel Nicolaus & Co., Inc. since August 2017. Before that time he was employed with Wells Fargo Clearing Services, Wells Fargo Advisors and Morgan Stanley Smith Barney.
If you had an account with Jason Dukas that suffered losses, you may be entitled to collect damages from his prior employer. Call to discuss your options.
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.
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