Securities Lawyers Blog
The securities lawyers of Gana Weinstein LLP are investigating a customer complaints filed with The Financial Industry Regulatory Authority (FINRA) against Charles Obryant (Obryant) alleging unsuitable investments, negligence, breach of fiduciary duty, and unauthorized trading. According to brokercheck records Obryant has been subject to four customer complaints and one employment separation for cause.
A customer complaint filed in October 2015 alleged negligence and suitability violations causing damages in the amount of $630,000. The claim was settled for $632,298.
In January 2016, Stifel Nicolaus discharged Obryant alleging a loss of confidence after settlement of complaint. The broker commented on the discharge stating that the equity concerning the dispute was a Stifel buy recommended security that went bankrupt and the broker made no personal contribution to the settlement.