Adam Michael Chustz – Stifel, Nicolaus & Company Advisor Under Review: What Investors Should Know
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Haselkorn & Thibaut, a national securities fraud law firm with over 50 years of experience and a 98% success rate, has launched an independent investigation into financial advisor Adam Michael Chustz of Stifel, Nicolaus & Company, Incorporated. If you are an investor who worked with Adam Chustz, it’s vital to understand his professional background, recent complaints, and what steps you can take to protect your interests. Our goal in this report is to provide you with comprehensive, balanced, and actionable information to help you make informed decisions.
Who Is Adam Michael Chustz?
| Name | Adam Michael Chustz |
|---|---|
| CRD Number | 4129813 |
| Current Firm | Stifel, Nicolaus & Company, Incorporated (since 2018) |
| Main Office | 501 N. Broadway, St. Louis, MO 63102 |
| Branch Office | 2190 New Holt Rd., Paducah, KY 42001 |
| Prior Firm | Edward Jones (03/2000–02/2018) |
| Licenses Held | Series 7, 24, SIE, 63, 66 |
| States Registered | Licensed in 31 U.S. states/territories |
| Other Affiliations | Clay Pit LLC (Arlington, KY), DEA Properties LLC (Paducah, KY), Board Member at Family Service Society |
Recent Complaints and Customer Disputes
Investors should be aware that there are multiple pending customer complaints and claims involving Adam Michael Chustz at Stifel, Nicolaus & Company. Based on disclosures available via public regulatory sources and recent law firm investigations, here’s a summary of the current situation:
- Two customer complaints are currently pending, with total claims seeking $277,000 in damages.
- Types of allegations include:
- Unsuitable investment recommendations in mutual funds
- Breach of fiduciary duty
- Fraud, misrepresentation, and omission of material facts
- Breach of contract and promissory estoppel
- Negligence and gross negligence
- Violations of state securities and consumer protection statutes
Complaint Details
| Date | Type | Description | Amount Sought | Status |
|---|---|---|---|---|
| July 2025 | FINRA Arbitration (Case No. 25-01573) | Allegations of breach of contract, breach of warranty, promissory estoppel, violations of securities statutes, common-law fraud, breach of fiduciary duty, and misrepresentations/omissions relating to mutual fund investments. | $200,000 | Pending |
| July 2025 | Customer Complaint | Unsuitable recommendations of mutual funds. Seeks damages for losses incurred as a result. | $77,000 | Pending |
Key Risk Factors and Allegations
- Unsuitability: Customers allege recommendations were not aligned with their stated investment objectives or risk tolerance, which can expose investors to higher risks and unexpected losses.
- Breach of Fiduciary Duty: Potential failure to act in the client’s best interest, a core responsibility for financial advisors.
- Fraud / Misrepresentation or Omission of Material Facts: Investors claim that key facts regarding investment risks or features were either misstated or omitted.
- Negligence / Gross Negligence: Allegations involve failing to provide appropriate care, attention, or due diligence in portfolio and account management.
- Breach of Contract / Promissory Estoppel: Disputes center on whether promises or contractual obligations were honored.
- Potential Violations of State Consumer Protection and Securities Statutes: Raises questions about compliance with important investor protection laws.
- Unjust Enrichment: Customers allege that compensation or commissions may have been earned at their expense.
Why Scrutiny Matters: Regulatory Guidance
A history of multiple, recent customer complaints seeking substantial damages is a significant warning sign for investors considering or already working with an advisor. Financial advisors are held to industry rules requiring fair dealing, transparency, and putting clients’ interests first. When there are claims of unsuitable investment strategies or misrepresentations, the regulatory authorities such as FINRA take these matters seriously. Customers have recourse through the FINRA arbitration process, which allows for resolution of disputes and potential recovery of losses.
Proactive Steps for Investors
- Check your account statements carefully for unexplained losses or transactions you don’t understand.
- Ask your broker for written documentation of any investment recommendations.
- Contact Haselkorn & Thibaut for a free, confidential review of your account if you have concerns about your investments or advisor.
- Monitor for notifications from FINRA regarding any updates on pending customer complaints or arbitration cases.
Why Choose Haselkorn & Thibaut?
- National reach: Representing investors nationwide, with extensive experience handling complex securities arbitration cases.
- Over 50 years’ experience: Helping clients recover losses from broker misconduct and negligence.
- No recovery, no fee: You pay nothing unless you win. Free initial consultations for all prospective clients.
- 98% success rate and millions recovered for investor clients.
What To Do Next
If you have experienced losses or have questions about your investments handled by Adam Michael Chustz or Stifel, Nicolaus & Company, take action today. Learn your rights and options—every situation is unique, and timely guidance makes a critical difference. Contact Haselkorn & Thibaut for a complimentary, confidential consultation.
Call us now at 1-888-994-8066 to speak with an experienced investment fraud attorney. Our team is here to answer your questions, review your case, and help you understand your next steps for potential recovery.
This report is provided for informational purposes to help investors better understand current disclosures involving Adam Michael Chustz (CRD# 4129813) and Stifel, Nicolaus & Company, Incorporated. Staying informed is one of the most important steps you can take to protect your financial future.
Haselkorn & Thibaut – National Investment Fraud Lawyers
Over 50 Years of Experience – 98% Success Rate – No Recovery, No
