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Andrew Elsoffer Formerly With Stifel, Nicolaus & Company, Incorporated Has 8 Customer Complaints For Alleged Broker Misconduct

Who is Andrew Elsoffer formerly with Stifel, Nicolaus & Company, Incorporated?

Andrew Elsoffer (CRD #2580009) who was formerly registered with Stifel, Nicolaus & Company, Incorporated and located in Pepper Pike, Ohio is a subject of one of our many securities industry sales practice abuse investigations.  

Andrew Elsoffer Customer Complaints

Andrew Elsoffer has been the subject of 8 customer complaints that we know about, one of those complaints was filed in the last year to recover investment losses. Six of Andrew Elsoffer’s 8 customer complaints were settled in favor of investors. One of Andrew Elsoffer’s customer complaints was denied and, to date, the customer has not taken any further action. There is currently one pending customer complaint filed against Andrew Elsoffer’s former employer Stifel, Nicolaus & Company, Incorporated for investment losses caused by the alleged misconduct.

Allegations Against Andrew Elsoffer

A sample of the allegations made in the FINRA reported arbitration claim settlements and/or pending complaints for investment losses are as follows:

  • Negligence, unsuitable investment recommendations, unauthorized trading, breach of contract, breach of fiduciary duty, and violation of the Ohio securities laws.
  • Securities fraud, common law fraud, unsuitable investment recommendations, breach of fiduciary duty, and elder abuse and exploitation.
  • Unsuitable investment recommendations in multiple arbitration proceedings.
  • Excessive trading.
  • Unauthorized trading.
  • Common law fraud, negligence, breach of fiduciary duty, and breach of contract in multiple arbitration proceedings.

Andrew Elsoffer Red Flags & Your Rights As An Investor

Of course, Andrew Elsoffer did not admit to any of the allegations. But regardless of whether an arbitration award was entered, a settlement occurred, or the customer complaint is still pending, the allegations made by customers are red flags which should put all current and former customers of Andrew Elsoffer at Stifel, Nicolaus & Company, Incorporated on alert to review carefully the activity and performance of their accounts and question whether Andrew Elsoffer has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at Stifel, Nicolaus & Company, Incorporated also raises questions about the brokerage firms’ supervisory practices. If these red flags raise questions, call us and we will inform you of your rights as an investor.

File A Claim To Recover Your Investment Losses At Stifel, Nicolaus & Company, Incorporated Due To Andrew Elsoffer

If you have questions about Stifel, Nicolaus & Company, Incorporated and/or Andrew Elsoffer and the management or performance of your accounts, please contact Attorney Pearce for a free initial consultation via email or Toll Free at 1-800-732-2889.

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Robert Wayne Pearce

Robert Wayne Pearce of The Law Offices of Robert Wayne Pearce, P.A. has been a trial attorney for more than 40 years and has helped recover over $170 million dollars for his clients. During that time, he developed a well-respected and highly accomplished legal career representing investors and brokers in disputes with one another and the government and industry regulators. To speak with Attorney Pearce, call (800) 732-2889 or Contact Us online for a FREE INITIAL CONSULTATION with Attorney Pearce about your case.

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