Former Stifel, Nicolaus & Co. stockbroker Mithcell Yanow barred indefinitely by FINRA for elder fraud abuse

By August 5, 2018Elder Fraud

Mitchell Yanow (Mitchell Toby Yanow) has consented to a sanction from FINRA (the Financial Industry Regulatory Authority). FINRA is a non-governmental regulator of securities firms that focuses on investor protection and market integrity through effective and efficient regulation of the securities industry. The attorneys of Fishman Haygood Investment Fraud Lawyers are currently investigating possible claims against stockbroker Mitchell Yanow.

In July 2018 Mitchell Yanow was barred indefinitely from practicing as a broker. Mitchell Yanow worked for Stifel, Nicolaus & Co. Inc. in Boca Raton, Florida from 2015 to 2018.

Mitchell Yanow was previously associated with Oppenheimer & Co, Inc; Wachovia Securities LLC; UBS Financial Services, Inc;.

FINRA alleges that Mitchell Yanow engaged in the following misconduct: converting funds from an elder customer’s brokerage account.

FINRA’s investigation found that Yanow was responsible for abuse involving an elder customer’s account. The customer had provided Yanow with blank checks so that Yanow could pay the customer’s caregivers for their services in the event that the customer ever could not. Instead, Yanow used the blank checks to convert at least $205,586 from the customer’s account to finance Yanow’s own personal expenses, including a luxury automobile and his own overdue homeowner fees. Yanow has neither admitted nor denied FINRA’s findings.

Mitchell Yanow has been the subject of at least 1 customer disputes.

If you invested money through Mitchell Yanow, we would like to talk to you. Fishman Haygood Investment Fraud Lawyers are experienced securities litigators. We have helped hundreds of clients recover their losses that were due to broker fraud or negligence. Contact us today to discuss your options and receive a free consultation.

Fishman Haygood Investment Fraud Lawyers represents investors who have suffered investment losses in claims against their brokers or financial advisors. Our experienced attorneys have brought securities fraud cases in state and federal courts across the nation, as well as in FINRA arbitration. We work to help investors recoup their losses.

Of course, all cases are different. For that reason, we analyze each client’s matter individually and provide our personalized evaluation only after considering all of the facts and circumstances of all possible claims. If you or someone you know is the victim of securities fraud, please contact a Fishman Haygood Investment Fraud lawyer today.