Stifel Broker Lanis Dale Noble—Churning, Breach of Fiduciary Duty Allegations
Lanis Dale Noble, Formerly of Stifel Nicolaus, Allegedly Churned and Engaged in Breach of Fiduciary Duty
Lanis Dale Noble, formerly of Stifel Nicolaus, allegedly engaged in churning and breach of fiduciary duty, amongst other charges, according to a recently disclosed FINRA dispute resolution document. In the original case, filed in August of 2012, Tracy Noble Gilbert accused Noble.
The dispute involved the use of margin in Gilbert’s account and Noble’s alleged purchases of variable annuities from SunLife and ManuLife, and also included Friedman Billings Ramsey real estate investment trust, according to the FINRA dispute.
FINRA Aribitration Panel Delivers $1.3 Million Award to Investor form Ex-Stifel Broker Noble
The three-person FINRA awarded Gilbert $1.29 million in compensatory damages and an additional $250,000 in attorneys’ fees, but denied punitive damages, according to FINRA documents. In total, Gilbert had wished for $8 million in compensatory damages and $2 million in punitive damages.
While working for the firm in Ridgeland, Mississippi, Noble left Stifel in November 2013, and is no longer registered with FINRA, according to his BrokerCheck report, and has worked in the industry for five different firms over 28 years. Interestingly, Gilbert is Noble’s former daughter-in-law.
The Peiffer Rosca Wolf Investment Recovery Lawyers Often Represent Investors
The Peiffer Rosca Wolf investment recovery lawyers often represent investors who lose money as a result of investment misconduct. They take most cases of this type on a contingency fee basis and advance the case costs, and only get paid for their fees and costs out of money they recover for their clients.
Investors who believe they lost money as a result of investment misconduct may contact the investment recovery lawyers at Peiffer Rosca Wolf, Alan Rosca or Joe Peiffer, for a free, no-obligation evaluation of their recovery options, at 888-998-0520.