Randolph Charles Stoltz (CRD #1047257) Has Customer Dispute Disclosures on FINRA BrokerCheck

Randolph Charles Stoltz (CRD #1047257) was previously registered as a broker and has customer dispute disclosures on FINRA BrokerCheck. We reviewed his BrokerCheck report on March 25, 2026. It reflects two customer dispute disclosures. If you invested with Randolph Charles Stoltz and have concerns, keep reading.

BrokerCheck link: BrokerCheck

BrokerCheck report: BrokerCheck Report (PDF)

Investor Disputes / Customer Complaints

Randolph Stoltz’s FINRA BrokerCheck Report reflects two customer dispute disclosures. Summaries of those disputes are below:

On January 2, 2026, a customer alleged Randolph Stoltz did not fully explain benefit details for a variable annuity. Randolph Stoltz’s FINRA BrokerCheck report lists the product as an annuity-variable. The complaint is pending. No exact damages amount was alleged, but the firm reported a good faith estimate of $5,000 or more.

Randolph Stoltz’s FINRA BrokerCheck report reflects an older customer dispute that ended in an award. On May 2, 2002, customers alleged he ignored instructions to preserve principal, failed to explain margin risks, and liquidated mutual funds and annuities to meet margin calls. The customers sought $100,000. An NASD arbitration awarded $13,824 on June 18, 2004. Related document: Award

Rule Summary #1: FINRA Rule 2330 (Deferred Variable Annuities)

FINRA Rule 2330 sets standards for recommended purchases and exchanges of deferred variable annuities. It requires a reasonable basis to believe the customer was informed about features such as surrender charges, tax penalties, fees, riders, and market risk.

Rule Summary #2: FINRA Rule 2111 (Suitability)

FINRA Rule 2111 requires a broker to have a reasonable basis to believe a recommendation is suitable for the customer. The rule focuses on the customer’s investment profile, including risk tolerance, liquidity needs, time horizon, and financial ability.

Why This Matters to Investors (Regulation Best Interest)

Regulation Best Interest (Reg BI) is a U.S. securities regulation. It strengthens the standard of conduct that broker-dealers owe to retail investors. It applies when they recommend securities transactions or investment strategies. The U.S. Securities and Exchange Commission adopted Reg BI. It became effective on June 30, 2020. Reg BI aims to protect investors while preserving access to brokerage products and services.

Reg BI requires broker-dealers and financial advisors to act in a retail customer’s best interest at the time of a recommendation. They must not place their own financial or other interests ahead of the customer’s. This standard is higher than the older “suitability” rule. Suitability meant a recommendation only had to be appropriate. It did not have to be the best option or free of conflicts.

Reg BI has four key obligations:

1. Disclosure Obligation – Broker-dealers must disclose material facts about the relationship and the recommendation. This includes fees, the scope of services, and conflicts of interest.

2. Care Obligation – Broker-dealers must use reasonable diligence, care, and skill. They must consider costs, risks, and alternatives when making a recommendation.

3. Conflict of Interest Obligation – Firms must identify conflicts of interest. They must disclose them and mitigate or eliminate them. This includes conflicts that create incentives to favor one product over another.

4. Compliance Obligation – Firms must maintain policies and procedures. Those policies should be designed to ensure compliance with Reg BI as a whole.

Reg BI applies to each recommendation. It is not a continuous duty like the fiduciary standard for registered investment advisers. Even so, it narrows the gap. It puts more focus on costs, conflicts, and investor-focused decision-making.

Overall, Regulation Best Interest promotes transparency. It also aims to improve the quality of investment recommendations. It is designed to reinforce trust between retail investors and broker-dealers in the U.S. securities markets.

Background Information (from BrokerCheck)

Based on his FINRA BrokerCheck report, Randolph Stoltz:

Is not currently registered as a broker.

Has passed the Securities Industry Essentials (SIE) exam. Randolph Stoltz has also passed Series 7 and Series 63.

Was previously registered with firms that include Stifel, Nicolaus & Company, Incorporated and UBS Financial Services Inc.

Kurta Law Can Help

If you have worked with Randolph Stoltz and you have concerns about his activity, Kurta Law may be able to help you evaluate your legal options. To speak with Kurta Law, call 877-600-0098 or email info@kurtalawfirm.com.

Helpful resources: Variable Annuities | Investment Fraud Attorney

For nearly 20 years, Kurta Law has advocated for investors and helped hold financial professionals accountable. Our firm represents clients nationwide in securities arbitration and related disputes. If you believe a broker or firm mishandled your account, an attorney can review the facts and explain possible next steps.