Stifel Financial has agreed to pay nearly $3.6 million to settle two customer complaints linked to barred Miami broker Chuck Roberts ThinkAdvisor. The disputes alleged fraud, breach of fiduciary duty, negligence, and violations of Florida securities protection laws involving Roberts’ structured notes strategy.

Stifel faces over $206 million in potential liability, awards, and settlements across nearly three dozen arbitration claims tied to Roberts’ conduct. When brokerage firms fail to supervise high-volume brokers engaging in unapproved or overly complex strategies, investors suffer.

If you suffered losses investing through Chuck Roberts or Stifel Financial, Sonn Law can evaluate whether you have grounds for recovery through FINRA arbitration.