Stiflel Nicolaus Ex-Broker Alex Perry Barred from Securities industry

FINRA Bars Matthew Alexander Perry (Alex Perry) after Allegations of Unauthorized & Unsuitable Trades

According to public records, the Financial Industry Regulatory Authority (FINRA) has reportedly barred Matthew Alexander Perry (CRD #5985300) of Columbia MO after he purportedly failed to provide information in its investigation of alleged misconduct.

After Perry reportedly voluntarily terminated his association with his member firm, Stifel Nicolaus in March 2019, the firm reportedly filed a Form U5 amendment disclosing a customer complaint alleging failure to follow the customer’s stated goals and failure to disclose risks associated with options trading, according to a letter of acceptance. Then on July 11, 2019 and afterwards, Stifel reportedly filed several U5 amendments disclosing additional customer complaints. 

According to his FINRA broker profile, Perry was reportedly registered with Wells Fargo Advisor in Jefferson City, MO from 2011 until June 2016, and then made the move to Stifel in Columbia, MO. 

Perry, who was not currently registered as a broker at the time of the bar, reportedly has three customer complaints filed against him in 2019 and 2020, according to FINRA. Allegations include unsuitable investments and unauthorized trades among others. 

Filing a Complaint against your Brokerage Firm

The White Law Group is investigating FINRA arbitration cases involving financial advisor Alex Perry and the liability Stifel Nicolaus may have for failure to properly supervise him.

When brokers abuse client accounts and conduct transactions that violate securities laws, such as making unsuitable investments recommendations, the brokerage firm they are working with may be liable for investment losses. Brokerage firms that fail to monitor the business activities of their employees may be liable for investment losses due to negligent supervision for the misconduct of their employees.

If you suffered losses investing with Alex Perry and Stifel Nicolaus, the securities attorneys at The White Law Group may be able to help you. Please call 888-637-5510 for a free consultation, or visit us on the web at www.whitesecuritieslaw.com.

The White Law Group, LLC is a national securities fraud, securities arbitration, investor protection, and securities regulation/compliance law firm with offices in Chicago, Illinois.