Stifel Nicolaus Broker Steven Rodemer Barred: Conversion Allegations
Steven Rodemer (CRD# 830561), who used to be a representative of Stifel Nicolaus & Company in Pueblo, Colorado, was recently sanctioned by the Financial Industry Regulatory Authority in connection to allegations he took a client’s funds for his own personal use. He has been barred from acting as a broker.
According to a Letter of Acceptance, Waiver and Consent (No. 2020065336501) dated March 2020, Steven Rodemer was associated with Stifel Nicolaus & Company as a Geneal Securities Representative from November 2011 until January 2020, when the firm terminated him over allegations he took money from a client’s account, without authorization, for his own personal use. FINRA initiated an investigation into his conduct upon learning of the disclosure by Stifel Nicolaus & Company. FINRA’s findings state that he “initially cooperated in” the investigation but later “ceased doing so.” The findings state specifically that after FINRA staff sent him a request on March 20, 2020 to provide on-the-record testimony to FINRA, he indicated via a phone call with counsel that he had received the request but would not “at any time” appear and provide the requested testimony. FINRA’s finding conclude that this refusal constituted a violation of FINRA Rules 8210 and 2010. As a result of the foregoing alleged conduct, he was barred from acting as a broker.
Steven Rodemer is currently not registered as a broker. His previous registrations include Stifel Nicolaus & Company, Sanders Morris Harris, Cascade Investment Group, Salomon Smith Barney, Lehman Brothers, EF Hutton & Company, IDS Life Insurance Company, IDS Marketing Corporation, and Investors Diversified Services. He has passed seven securities industry qualifying examinations: Uniform Investment Adviser Law Examination, or Series 65; Uniform Securities Agent State Law Examination, or Series 63; Securities Industry Essentials Examination, or SIE; General Securities Representative Examination, or Series 7; Registered Representative Examination, or Series 1; General Securities Principal Examination, or Series 24; and NYSE Branch Manager Examination, or Series 12. His BrokerCheck report lists zero state securities licenses. (Information current as of May 27, 2020.)