Chuck Roberts: Barred Ex-Stifel Advisor Faces 7-Figure Complaints

Former New York City and Miami financial advisor Chuck Roberts (CRD# 2064602) was recently sanctioned and barred in connection with alleged rule violations. Financial Industry Regulatory Authority records show that he was most recently registered as a broker with Stifel Nicolaus & Company.

A Letter of Acceptance, Waiver, and Consent (No. 2023079140201) details FINRA’s disciplinary action against Mr. Roberts. Filed in July 2025, it describes allegations that he failed to respond to a request for on-the-record testimony connected with FINRA’s review of customer complaints regarding his recommendation of structured structured products that “were not in their best interests” and/or that he had inaccurately described. Though he initially cooperated with FINRA’s investigation, the Letter states, he later informed FINRA that he would not appear for additional on-the-record testimony at any time. Finding that his refusal violated FINRA rules, the regulator barred him from associating with any FINRA member in any capacity.

Mr. Robert’s BrokerCheck report discloses more than two dozen investor complaints. The most recent, filed in June 2025, alleges that as a Stifel Nicolaus representative, he breached his fiduciary duty, committed fraud, breached contact, acted negligently, and violated state securities law. The pending investor complaint alleges damages between $500,000 and $1 million.

A second investor complaint, filed in June 2025, similarly alleges fraud, breach of contract, breach of fiduciary duty, and violation of state and federal securities law in connection with structured note products. The pending complaint alleges damages between $500,000 and $1 million.

A third investor complaint, filed in April 2025, alleges that as a Stifel Nicolaus representative, he breached contract, committed fraud, breached his fiduciary duty, and violated state and federal securities law in connection with the recommendation of structured notes. The pending complaint alleges damages between $1 million and $5 million.

A fourth investor complaint, filed in January 2025, also alleges that as a Stifel Nicolaus representative, he violated Regulation Best Interest, violated the Securities Exchange Act, and berached his fiduciary duty in connection with structured notes and alternative investments. The pending complaint alleges damages in excess of $5 million.

According to the Financial Industry Regulatory Authority, Chuck Roberts holds 35 years of securities industry experience. Most recently based in New York City and Miami Beach, he was registered as a broker with Stifel Nicolaus & Company from 2016 until 2025. His past registrations include Morgan Stanley, Citigroup Global Markets, Oppenheimer & Company, and CIBC World Markets. His credentials include the passage of five securities industry qualifying exams: the Uniform Investment Adviser Law Examination, or Series 65; the Uniform Securities Agent State Law Examination, or Series 63; the Securities Industry Essentials Examination, or SIE; the General Securities Representative Examination, or Series 7; and the Futures Managed Funds Examination, or Series 31. He is no longer registered as a broker or an investment adviser. (Information current as of July 17, 2025.)

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