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Amy Cranfill: Stifel Nicolaus Denies $300K Complaint

Redlands, California financial advisor Amy Cranfill (CRD# 6629436) recently received an investor complaint that sought six-figure damages and was denied. Financial Industry Regulatory Authority records show that she is a broker and an investment advisor with Stifel Nicolaus & Company.

Ms. Cranfill’s BrokerCheck report discloses one investor complaint. Filed in November 2023, it alleged that as a representative of Stifel Nicolaus & Company, she sold an unsuitable variable annuity investment in February 2022. The complaint alleged damages of $300,000 and was denied by her member firm. (When a complaint is denied, for reference, this is not necessarily mean it has no basis in fact. Investors can still pursue recourse through other actions, like FINRA arbitration claims.)

Investors should be aware that FINRA Rule 2111 requires financial advisors to recommend only investments that are in keeping with a customer’s background and objectives. To make this determination, they must consider the investor’s risk tolerance, age, tax status, income, investment experience, financial needs, and more. Advisors who recommend unsuitable investments may be held liable in the event of losses.

Ms. Cranfill’s advisor page on Stifel Nicolaus’ website describes her as an Associate Vice President, Investments at the firm. “Stifel is a diversified global wealth management and investment banking company focused on building relationships that help individuals, families, and organizations pursue their financial goals,” the firm states of itself. “We are individually and collectively committed to using the forces of the market to benefit our clients.”

Other current or former Stifel Nicolaus advisors to receive investor complaints include Jennifer Blasey, Kenneth Ramos, Mark Stevenson, and Dave Stone.

According to the Financial Industry Regulatory Authority, Amy Cranfill holds seven years of securities industry experience. Based in Redlands, California, she has been a broker and an investment advisor with Stifel Nicolaus & Company since 2016 and 2017, respectively. Her credentials include the passage of three securities industry qualifying exams: the General Securities Representative Examination, or Series 7; the Securities Industry Essentials Examination, or SIE; and the Uniform Combined State Law Examination, or Series 66. She is licensed in Arizona, California, Colorado, the District of Columbia, Georgia, Idaho, Illinois, Minnesota, Nevada, New Mexico, Oklahoma, Oregon, Pennsylvania, Tennessee, Texas, Washington, and Wisconsin. (Information current as of December 11, 2023.)

Carlson Law represents investors throughout the United States in claims against financial advisors and investment firms. If you or a loved one have suffered investment losses, please call us at 888-976-6111 or complete our contact form for a free and confidential consultation.

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