Haselkorn & Thibaut has initiated an independent investigation into Francis Cunningham, a Memphis, Tennessee-based financial advisor with B. Riley Wealth Management. Investors working with Francis Cunningham or concerned about recent developments are encouraged to understand the details, assess potential red flags, and seek a complimentary, confidential case review. Contact Haselkorn & Thibaut at 1 888-885-7162 for individualized support—no recovery, no fee.
Who Is Francis Cunningham of B. Riley Wealth Management in Memphis?
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Francis Cunningham (CRD# 2105075) is an experienced financial advisor and broker, currently operating with B. Riley Wealth Management and B. Riley Wealth Advisors in Memphis, Tennessee. With a career spanning over 26 years in the securities industry, Cunningham has held positions at several prominent firms, including:
- B. Riley Wealth Management (current)
- B. Riley Wealth Advisors (current)
- Stifel Nicolaus & Company (2007 – 2023)
- Morgan Keegan & Company
- First Tennessee Brokerage
He is registered as both a broker and investment advisor and is licensed to operate in multiple states: Arkansas, Florida, Georgia, Kentucky, Mississippi, South Carolina, Tennessee, and Texas.
Understanding His Qualifications
Francis Cunningham has successfully completed a wide range of securities licensing examinations, including:
- Securities Industry Essentials (SIE)
- Uniform Securities Agent State Law Exam (Series 63)
- Municipal Securities Representative Exams (Series 52, 52TO)
- General Securities Representative Exam (Series 7)
This licensing background attests to his knowledge and understanding of the financial industry’s regulatory framework and products.
Recent Disclosures: Allegations and Complaints
Key developments investors should be aware of:
- Investor Complaint (October 2025): A pending client complaint alleges unauthorized purchases and sales of securities, churning of investments, and an unauthorized account transfer during Cunningham’s tenure at Stifel Nicolaus. The client seeks $18,469 in damages.
- Termination from Stifel Nicolaus (November 2025): Stifel Nicolaus terminated Cunningham’s registration, citing “loss of confidence” and failure to adhere to order entry procedures.
There is currently one pending investor complaint linked to Francis Cunningham. Churning—excessive trading designed to generate commissions—and unauthorized trading violations can lead to significant portfolio losses.
| Complaint Description | Status | Alleged Damages |
|---|---|---|
| Unauthorized trades, churning, unauthorized account transfer (Stifel Nicolaus) | Pending | $18,469 |
| Terminated by Stifel Nicolaus for “loss of confidence” and order entry issues | Filed (Nov 2025) | N/A |
What Do the Public Records Show About Francis Cunningham?
Reviewing public databases through FINRA BrokerCheck and other sources, records as of mid-2024 indicated:
- No prior customer complaints or legal actions reported during or after his time at Stifel Nicolaus and until joining B. Riley Wealth Management.
- No findings, fines, or enforcement measures by FINRA, the SEC, or state regulators.
- No bankruptcy or criminal disclosures.
- No mentions of judgments, liens, or security-related lawsuits in federal or state court dockets.
- No news media or trade press alerts regarding investor complaints or regulatory concerns prior to late 2025.
This recent investor complaint and termination mark the first significant disclosures in an otherwise incident-free regulatory history.
What Does This Mean for Investors?
For clients of Francis Cunningham—whether during his time at Stifel Nicolaus or currently at B. Riley Wealth Management—these new filings present possible concerns regarding unauthorized trading activity, churning, and compliance with procedural standards.
It is essential to monitor the outcome of the pending arbitration and ensure your portfolio has not been subjected to similar conduct. Unauthorized trading and excessive transactions can negatively impact a portfolio’s performance and generate unnecessary fees. Terminations for issues like “loss of confidence” or procedural violations are also material facts that every investor should know about before placing further trust with any advisor.
Why Consider Haselkorn & Thibaut?
Haselkorn & Thibaut, a national securities fraud law firm, brings over 50 years of experience, a 98% success rate, and has recovered millions on behalf of clients. Our team offers a free, confidential consultation and works on a “no recovery, no fee” policy to protect the rights of investors. If you have worked with Francis Cunningham at B. Riley Wealth Management or Stifel Nicolaus, or believe your account may have been mishandled, taking action now can help protect your assets and recovery options.
Recommended Steps for Investors
- Review your recent account statements for any unauthorized or unclear transactions.
- Contact Haselkorn & Thibaut at 1 888-885-7162 to determine if you have a potential claim.
- Consider checking updated information through FINRA BrokerCheck using CRD# 2105075 for Francis Cunningham.
- Take advantage of a free consultation to independently review your investments and advisor’s conduct.
Engagement with a dedicated law firm like Haselkorn & Thibaut increases your ability to understand your options, maximize possible recovery, and ensure your investments receive the protection they deserve.
If you are uncertain about your portfolio’s management or have specific questions about Francis Cunningham’s services at B. Riley Wealth Management, call us today at 1 888-885-7162. Your consultation is free and entirely confidential—there’s no obligation and no recovery, no fee.
