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Nicholas Stovall Formerly With Gradient Securities, LLC Has 2 Customer Complaints For Alleged Broker Misconduct

Who is Nicholas Stovall of Gradient Securities, LLC?

Nicholas Stovall

Nicholas Stovall (CRD #5581487) who was formerly registered with Gradient Securities, LLC and located in Arden Hills, Minnesota, is a subject of one of our many securities industry sales practice abuse investigations. Prior to Gradient Securities, LLC, Nicholas Stovall was associated with other investment advisory and brokerage firms with a history of customer complaints and securities industry regulatory problems. Nicholas Stovall was recently terminated by Gradient Securities and, likely to receive a form 8210 letter from FINRA seeking information about his termination. According to Gradient Securities, he was permitted to resign recently in the face of allegations he engaged in unapproved product sales.

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Nicholas Stovall Customer Complaints

Nicholas Stovall has been the subject of 2 customer complaints that we know about to recover investment losses. One customer complaint was denied by Gradient Advisors and the investor took no further action. The other customer complaint was recently filed in a FINRA arbitration proceeding and is still pending.

Allegations Against Nicholas Stovall

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

  • Sale of unapproved promissory note.
  • Failure to accurately state terms of product sold to customer.

Nicholas Stovall Red Flags & Your Rights As An Investor

Of course, Nicholas Stovall 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 Nicholas Stovall at Gradient Securities, LLC on alert to review carefully the activity and performance of their accounts and question whether Nicholas Stovall has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at Gradient Securities, LLC also raises questions about the brokerage firm’s supervisory practices. If these red flags raise questions, call us and we will inform you of your rights as an investor.

Did You Lose Money Because of Broker Misconduct?

best investment fraud lawyers

If you have lost money due to negligence or fraud by a stockbroker or advisor, the easiest way to know if you have a case is to call our office at 800-732-2889. Our investment fraud attorneys will evaluate your claim for free and let you know if we can help you recover your losses.

Need Legal Help? Let’s talk.

or, give us a ring at 561-338-0037.

File A Claim To Recover Your Investment Losses At Gradient Securities, LLC Due To Nicholas Stovall

If you have questions about Gradient Securities, LLC and/or Nicholas Stovall 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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