Former Stifel broker, Lanis Dale Noble, received an unfavorable FINRA award after his former daughter-in-law accused him of churning and breaching his fiduciary duty. The panel awarded the claimant, Tracy Noble Gilbert, $1.29 million in compensatory damages and an additional $250,000 in attorneys' fees. Gilbert alleged that Noble unreasonably used margin to purchase a real estate trust along with multiple variable annuities. Noble is no longer registered with FINRA.
If you believe you have been victimized by securities fraud, financial malpractice, or theft by a FINRA registered broker, please call the securities attorneys of the Costello Law Group at (877) 418-0003 for a free consultation.