Garden City, New York financial advisor (CRD# 5225102) has received multiple investor complaints alleging that his investment recommendations led to...Read More
Mark Stevenson: NYC Stifel Nicolaus Advisor Has Investor Complaints
New York City financial advisor Mark Stevenson (CRD# 436079) has received multiple investor complaints that reached six- or seven-figure settlements. Financial Industry Regulatory Authority records show that he is a broker and an investment advisor with Stifel Nicolaus & Company. He is also registered with the firm’s office in Miami, Florida.
Mr. Stevenson’s BrokerCheck report discloses several investor complaints. The most recent, filed in May 2022, alleged excessive trading between May 2021 and March 2022. The complaint alleged unspecified damages and was denied by his member firm, Stifel Nicolaus & Company.
An earlier investor complaint, filed in 2014, alleged churning, unsuitable investment recommendations, and fraud while he was a representative of Barclays Capital. In 2015 the complaint reached a settlement of $1,150,000.
A third investor complaint, filed in 2014, alleged unauthorized activity and unsuitable investment recommendations while he was a representative of Barclays Capital. In 2016 the complaint reached a settlement of $800,000.
A fourth investor complaint, filed in 2005, alleged that he failed to adequately supervise a representative while he was at Lehman Brothers. The complaint reached a settlement of $5.6 million.
According to the Financial Industry Regulatory Authority, Mark Stevenson holds 47 years of securities industry experience. Based in New York City, he has been a broker and an investment advisor with Stifel Nicolaus & Company since 2015. His past registrations include Barclays Capital, Lehman Brothers, Lehman Brothers Kuhn Loeb, and White Weld & Company. His credentials include the passage of six securities industry qualifying exams: the General Securities Sales Supervisor Examination (Options Module & General Module), or Series 8; the Registered Representative Examination, or Series 1; the National Commodity Futures Examination, or Series 3; the Securities Industry Essentials Examination, or SIE; the Uniform Securities Agent State Law Examination, or Series 63; and the Uniform Investment Adviser Law Examination, or Series 65. He holds 56 state licenses. (Information current as of August 30, 2022.)
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