A National Securities Arbitration & Investment Fraud Law Firm

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Sterne Agee & Leach, Inc.

Background Information

Stern Agee & Leach, Inc. promotes itself as an independent, employee owned, full service wealth management and investment bank firm. Headquartered in Birmingham, Alabama, Stern Agee has over $26 billion in assets under management. Sterne Agee also makes clearing arrangements with other broker-dealers in which they hold or maintain funds or provide clearing services.

Regulatory Violations

Stern Agee has been the subject of many regulatory investigations, some which resulted in disciplinary actions by regulators.

Former CEO Fired After Firm Notified of Investigation

James S. Holbrook was fired from Stern Agee in May, 2014 after Sterne Agee allegedly learned he was the target of an investigation for the potential misuse of Sterne Agee company assets.

Missing Laptop cause of Customer Data Security Breach

In June, 2014, clients were warned that there was a risk of unauthorized acquisition of personal information, including account numbers and Social Security numbers, after an employee’s laptop computer went missing. The computer included unencrypted identifying information about customers whose accounts were open as of May 29, 2014. Those clients whose data may have been breached were offered free identity theft protection services.

Silver Law Group

Silver Law Group is a nationally recognized securities and investment fraud law firm with Martindale-Hubbell® Peer Review Ratings™ “AV” rated lawyers that handle all securities arbitration matters on a contingency fee basis. The Law Firm, at no cost to investors will review account activity and account statements to determine whether there was any misconduct, whether there are damages and the legal causes of action. We investigate all sales practice violations, while taking into consideration the investor’s age, investment background, and the relationship between the investor and the brokerage firm and its financial advisor. According to securities industry rules and regulations, unsuitable investment advice, securities concentration, fraudulent misrepresentations and omissions of material facts, breach of fiduciary duty, conflicts of interest, variable annuity switching are among the causes of action that may be available to investors in claims for damages against brokerage firms and their financial advisors in a securities arbitration claim filed with the Financial Industry Regulatory Authority (FINRA). We represent investors in FINRA arbitration claims on a contingency fee basis.

To learn more call us at (954) 755-4799 or Toll Free at (800) 975-4345

Client Reviews
“My in-laws lost their retirement funds to a dishonest broker. Silver Law Group and Scott Silver aggressively pursued their losses until he got their money back.” Ben M.
“I foolishly gave my money to a con artist promising me a great return on my money. Scott Silver zealously handled the matter, recovering my losses.” Darren S.
“I almost lost a lifetime of earnings after trusting the wrong person. Silver Law Group guided me through the arbitration process and a mediation, always fully prepared and committed to my case.” Scott T.