Broker Investigation: Gary Adkin

Gary 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.