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David Stone Allegedly Engaged in Negligence and Fraud

David Stone (CRD #: 4219856), a broker registered with Stifel, Nicolaus & Company, is the subject of an investor dispute. This dispute appears on his BrokerCheck record, accessed on February 13, 2024. Keep reading if you have questions regarding this alleged dispute. 

On October 11, 2023, investors alleged that David Stone breached his fiduciary duty. The investor further alleged he engaged in negligence, fraud, and breach of contract. They also alleged he violated the New Jersey Uniform Securities Law and the Florida Securities and Investor Protection Act. 

The investor is seeking $1,000,000. 

Negligence

Many types of broker misconduct may qualify as negligence. Typical examples include unsuitable investment recommendations, misrepresentations or omissions of material fact, and failure to follow instructions.

Background Information 

David Stone has passed the following exams:

  • Series 66 Uniform Combined State Law Examination
  • Series 63 Uniform Securities Agent State Law Examination 
  • SIE – Securities Industry Essentials Examination 
  • Series 31 Futures Managed Funds Examination 
  • Series 7 General Securities Representative Examination 

He is a registered broker in 36 states, D.C., and Puerto Rico. He is a registered investment adviser in Florida, New Jersey, New York, and Texas. 

David Stone has registered with the following firms: 

  • Stifel, Nicolaus & Company (CRD #: 793) 
  • Morgan Stanley (CRD #: 149777) 
  • CitiGroup Global Markets (CRD #: 7059) 
  • Merrill Lynch, Pierce, Fenner & Smith Incorporated (CRD #: 7691) 
  • J.P. Morgan Securities (CRD #: 15733) 

Kurta Law Can Help 

If you have worked with David Stone and you have concerns about your investments, do not hesitate to contact us at 877-600-0098 or info@kurtalawfirm.com for a free consultation. 

For nearly 20 years, Kurta Law has advocated for investors to recover their investment losses from brokers and brokerage firms. Kurta Law is a nationally recognized law firm that exclusively represents investors against brokers and brokerage firms on a contingency basis. This means that the firm only earns a fee if our securities attorneys recover money on your behalf. Do not let securities fraud go unchecked. Start your recovery process today.

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