{"id":11038,"date":"2023-05-12T16:10:27","date_gmt":"2023-05-12T20:10:27","guid":{"rendered":"https:\/\/www.silverlaw.com\/blog\/?p=11038"},"modified":"2023-05-12T16:10:27","modified_gmt":"2023-05-12T20:10:27","slug":"loren-morrison-stifel-nicolaus-broker-allegedly-breached-fiduciary-duty","status":"publish","type":"post","link":"https:\/\/www.silverlaw.com\/blog\/loren-morrison-stifel-nicolaus-broker-allegedly-breached-fiduciary-duty\/","title":{"rendered":"Loren Morrison, Stifel Nicolaus Broker, Allegedly Breached Fiduciary Duty"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\"alignleft wp-image-10205 size-full\" src=\"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2021\/10\/FiverrLossesSmall.jpg\" alt=\"Loren Morrison (Loren Justin Morrison CRD# 4578161) is a broker and investment advisor currently registered with Stifel, Nicolaus &amp; Company, Incorporated (CRD# 793) of Southfield, MI. His previous employers include Echotrade LLC (CRD# 42239) of Phoenix, AZ, and UBS Financial Services Inc. (CRD# 8174) of Birmingham, MI. He has been in the industry since 2002.  In his CRD, Morrison has three currently pending customer disputes:  Filed on 12\/2\/2022, the customer alleges \u201cviolation of Michigan Uniform Securities Act and Consumer Protection Act, unsuitable recommendations, breach of contract, common law fraud, breach of fiduciary duty and negligence.\u201d No damages listed. Filed on 8\/19\/2022, the customer alleges \u201cnegligence, breach of contract, breach of fiduciary duties, failure by respondents to know their customer and unsuitable investments.\u201d The client requests damages of $1,843,116.64. Filed on 6\/14\/2022. The customer alleges \u201cfailure to conduct adequate due diligence prior to making a recommendation, unsuitable recommendation, negligence, excessive trading, unauthorized trading, breach of fiduciary duty, and breach of contract. No damages listed.  Morrison also has two tax liens in his CRD filed on 2\/23\/2023 totaling $134,496.94. No additional information is available.\" width=\"300\" height=\"200\" srcset=\"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2021\/10\/FiverrLossesSmall.jpg 300w, https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2021\/10\/FiverrLossesSmall-180x120.jpg 180w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/>Loren Morrison (Loren Justin Morrison CRD# <a href=\"https:\/\/brokercheck.finra.org\/individual\/summary\/4578161\" target=\"_blank\">4578161<\/a>) is a broker and investment advisor currently registered with Stifel, Nicolaus &amp; Company, Incorporated (CRD# 793) of Southfield, MI. His previous employers include Echotrade LLC (CRD# 42239) of Phoenix, AZ, and UBS Financial Services Inc. (CRD# 8174) of Birmingham, MI. He has been in the industry since 2002. <a href=\"https:\/\/www.silverlaw.com\/blog\/loren-morrison-stifel-nicolaus-broker-allegedly-breached-fiduciary-duty\/#more-11038\" class=\"more-link\">Continue reading \u203a<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Loren Morrison (Loren Justin Morrison CRD# 4578161) is a broker and investment advisor currently registered with Stifel, Nicolaus &amp; Company, Incorporated (CRD# 793) of Southfield, MI. His previous employers include Echotrade LLC (CRD# 42239) of Phoenix, AZ, and UBS Financial Services Inc. (CRD# 8174) of Birmingham, MI. He has been in the industry since 2002. [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[725,580],"tags":[],"class_list":["post-11038","post","type-post","status-publish","format-standard","hentry","category-breach-of-fiduciary-duty","category-stockbroker-misconduct"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Loren Morrison, Stifel Broker, Allegedly Breached Fiduciary Duty<\/title>\n<meta name=\"description\" content=\"Loren Morrison is a broker and investment advisor currently registered with Stifel, Nicolaus &amp; Company, Incorporated of Southfield, MI.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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