Stifel Broker Lanis Dale Noble—Churning, Breach of Fiduciary Duty Allegations

stockbroker fraud attorneyLanis 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.

Alan Rosca (1159 Posts)

Alan is a securities lawyer. He also teaches Securities Regulation at the Cleveland-Marshall College of Law. He focuses his legal practice on complex commercial and financial litigation and arbitration, particularly in the areas of securities and investment fraud. His office is in Cleveland, Ohio.


In our legal system, every person is innocent until and unless found guilty by a court of law or a tribunal. Whenever we reference “allegations” or charges that are “alleged,” such allegations or charges have not been proven, and are merely accusations, not findings of fault, as of the date of the blog. We do not have, nor do we undertake, a duty to continue to monitor or follow cases about which we report, and/or to publish subsequent blogs regarding various developments that may occur in such cases. Readers are encouraged to conduct their own research regarding any such cases and any developments that may or may not have occurred in such cases.