Gary AdkinGary Adkin (CRD#: 3084484) is an actively registered securities broker and investment advisor. Since 2015, Mr. Adkin has been employed at Stifel, Nicolaus & Company. He is based in Palm Beach, Florida. Previously, this broker has also been associated with Barclays Capital (2008-2015), Lehman Brothers (2004-2008), and J.P. Morgan Securities (1999-2004).

In December of 2017, an investor filed a complaint against Mr. Adkins. In this post, our experienced investment fraud lawyers provide a brief overview of the complaint against this broker. All information contained within this article has been sourced directly from the FINRA BrokerCheck report for Stifel, Nicolaus & Company representative Gary Adkin.

Pending Investor Complaint: Gary Adkin

While at Stifel, Nicolaus & Company, a customer of the firm filed a complaint against broker/investment advisor Gary Adkin. According to this investor’s complaint, Mr. Adkin:

  • Acted in a negligent manner; and
  • Failed to exercise responsibility with regard to the account.

This investor is seeking $1,550,000 in financial compensation. Currently, FINRA listed this dispute as ‘pending’. No settlement has been reached and no findings of wrongdoing have been entered against this investment advisor.

Brokerage Firms are Responsible for Supervising Investment Advisors

Under FINRA Rule 3110, brokerage firms have an obligation to supervise their representatives. Unfortunately, too many brokerage firms fail to conduct adequate oversight. This is negligence on the part of the firm. If a customer sustains losses due to investment advisor negligence or investment advisor fraud, the brokerage firm may be legally liable for paying that investor full and fair financial compensation for their damages.

Speak to Our Investor Advocates Today

At Sonn Law Group, we are proud to be a leading securities law firm. If you or a family member sustained illegitimate investment losses, our FINRA arbitration lawyers can help. Contact us today for a free, no obligation initial case evaluation.

Disclaimer: This article contains opinions and NOT statements of fact in any way whatsoever. The information here is general information that should not be taken as legal advice. NO attorney-client relationship is established between you and our attorneys by reading this article. This article is attorney advertising and should not be used as a substitute for legal advice from a qualified securities lawyer.

Sonn Law Group is investigating claims regarding Joel Eziekel Blum (CRD #4905379, Goshen, New York). Blum recently submitted an AWC in which he was fined $10,000 and suspended from association with any FINRA member in any capacity for 20 days. See FINRA Case #2014040186601. Blum was associated with Merrill Lynch from May 2008 until his termination in February 2014. Blum has been associated with Ameriprise Financial Services, Inc., since February 2014. The Form U-5 filed by Merrill Lynch to terminate Blum's registration states that he was discharged for "conduct including failure to contact clients in advance of entering orders in non-discretionary accounts and mismarking order tickets as unsolicited." FINRA found that Blum executed discretionary transactions in customer accounts without written authorization to do so. In addition, Blum mismarked order tickets in connection with these transactions, inaccurately indicating that the trades were unsolicited, according to FINRA. In entering into the AWC, Blum neither admitted or denied FINRA's findings. Pursuant to FINRA Rules, member firms are responsible for supervising a broker's activities during the time the broker is registered with the firm. Therefore, Ameriprise or Merrill Lynch may be liable for investment or other losses suffered by Blum's customers. If you were a client of Ameriprise, Merrill Lynch, or Blum, and have suffered investment losses or financial irregularities, please contact Sonn Law Group to explore your legal options. Sonn Law Group is a nationally recognized law firm representing individuals, trusts, corporations and institutions in claims against brokerage firms, banks and insurance companies. To learn more, please call us at 844-689-5754 or complete our "contact form."
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