Articles Tagged with Stifel Nicolaus

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Patrick Terrell of Mystic, Connecticut submitted a Letter of Acceptance, Waiver and Consent Agreement (AWC) for the purpose of settlement. Without admitting or denying the findings, Terrell was alleged by the Department of Enforcement for the Financial Industry Regulatory Agency (FINRA) to have falsified bank statements.

Terrell first became registered with FINRA as a General Securities Representative (GSR) in March 1998. From 1998 through November, 2011, Terrell acted as a GSR for several FINRA member firms. Beginning November 28, 2011, Terrell was a registered as a GSR through Stifel, Nicolaus, & Co until June 26, 2014. Continue reading →

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Arhonda T’Lene Guinn, a former registered representative with Vero Beach, Florida-based Stifel, Nicolaus & Company, Inc. (Stifel Nicolaus) submitted a Letter of Acceptance, Waiver and Consent in which she consented to, but did not admit to or deny, the entry of the Financial Industry Regulatory Authority’s (FINRA) findings that she converted funds from a customer’s account for personal use.

According to FINRA, Arhonda Guinn transferred $12,100 from a customer’s account to a bank account belonging to her landlord. The Stifel Nicolaus customer had no knowledge of and did not consent to the transfer of funds. In order to complete the transfer, Arhonda Guinn allegedly falsified her customer’s previously signed Letter of Authorization. FINRA found that Arhonda Guinn used the customer’s funds to pay six months of rent. Consequently, Arhonda Guinn, of Vero Beach, Florida, was barred from association with any FINRA member in any capacity. Continue reading →