Public records published by the Financial Industry Regulatory Authority (FINRA) and accessed on November 14, 2018 indicate that South Carolina-based Stifel Nicolaus & Company broker/adviser Lynn Faust was recently discharged from her former employer in connection to alleged rule violations. Fitapelli Kurta is interested in hearing from investors who have complaints regarding Ms. Faust (CRD# 729012).
Lynn Faust has spent 37 years in the securities industry and has been registered with Stifel Nicolaus & Company in Greer, South Carolina since November 2018. Previous registrations include Raymond James & Associates in Greer, South Carolina (1988-2018); Painewebber (1982-1988); and Waddell & Reed (1981-1982). She has passed eight securities industry examinations: Series 65 (Uniform Investment Adviser Law Examination), which she obtained on April 22, 1994; Series 63 (Uniform Securities Agent State Law Examination), which she obtained on May 28, 1981; SIE (Securities Industry Essentials Examination), which she obtained on October 1, 2018; Series 31 (Futures Managed Funds Examination), which she obtained on June 12, 2003; Series 7 (General Securities Representative Examination), which she obtained on November 20, 1982; Series 22 (Direct Participation Programs Representative Examination), which she obtained on July 12, 1982; Series 6 (Investment Company Products/Variable Contracts Representative Examination), which she obtained on April 16, 1981; and Series 8 (General Securities Sales Supervisor Examination [Options Module & General Module]), which she obtained on September 20, 1996. She is a registered broker and investment adviser with 17 US states and territories: Alabama, California, Connecticut, the District of Columbia, Georgia, Idaho, Mississippi, Missouri, New Jersey, New York, North Carolina, Ohio, Oklahoma, South Carolina, Tennessee, the Virgin Islands, and Virginia.
According to her BrokerCheck report, she has received two customer complaints and was discharged from her former employer in connection to alleged rule violations.
In October 2018 she was terminated from her position at Raymond James & Associates in connection to “concerns relating to the nature” of her unit investment trust activity.
In 1989 a customer alleged Lynn Faust misrepresented material facts and made unsuitable investment recommendations. The complaint resulted in an award to the customer of $8,000.
In 1988 a customer alleged Lynn Faust omitted material facts and recommended unsuitable investments. The complaint resulted in an award to the customer of $2,300.
If you or someone you know has a complaint regarding Lynn Faust, call Fitapelli Kurta at 877-238-4175 for a free consultation. You may be eligible to recoup lost funds. Fitapelli Kurta accepts every case on contingency: we only get paid if and when you collect money. Time to file your claim may be limited, so we recommend you avoid delay. Call 877-238-4175 now to speak to an attorney for free.