Timothy Darragh – Stifel, Nicolaus & Company, Chicago, IL: Haselkorn & Thibaut Investigation Report
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Haselkorn & Thibaut, investment fraud lawyers with a national reach and over 50 years of experience, has opened an investigation into Timothy Darragh (CRD 1897635), a registered financial advisor based in Chicago, IL, currently employed by Stifel, Nicolaus & Company, Incorporated. Investors in Illinois and nationwide who have worked with Mr. Darragh, or who are considering his services, may want to review this report for a detailed overview of his professional background, recent complaints, potential red flags, and actionable next steps.
Who is Timothy Darragh?
Timothy Darragh is a seasoned financial advisor, currently registered with Stifel, Nicolaus & Company, Incorporated at One North Wacker, Suite 3400, Chicago, IL. His tenure at Stifel began in February 2016. Darragh brings over three decades of industry experience, having started his brokerage career in 1988. His professional journey has included prior roles at:
- Credit Suisse Securities (2003–2016)
- Donaldson, Lufkin & Jenrette Securities (2001–2003)
- Chase Securities Inc. (2000–2001)
- Hambrecht & Quist LLC (1996–2000)
- Alex. Brown & Sons (1992–1996)
- PaineWebber Incorporated (1989–1992)
- Investors Center, Inc. (1988–1989)
Haselkorn & Thibaut’s Ongoing Investigation
Haselkorn & Thibaut has actively launched an investigation into complaints and recent legal disputes involving Timothy Darragh and his handling of client accounts. The firm is currently speaking with Stifel, Nicolaus & Company investors who may have concerns about investment losses or questionable recommendations concerning their portfolios.
Recent Disputes & Customer Complaints Against Timothy Darragh
Recent information points to two significant, unresolved client disputes involving Mr. Darragh while at Stifel, Nicolaus & Company. These cases may be of particular interest to investors who have been sold mutual funds, alternative investments, real estate investment trusts (REITs), or other complex products. Here is an overview of ongoing complaints:
| Type of Case | Allegations | Status | Damages Sought |
|---|---|---|---|
| FINRA Arbitration (Case No. 25-01598, filed August 2025) | Breach of contract and warranties, promissory estoppel, violation of state securities statutes, Regulation Best Interest (Reg BI) violations, breach of fiduciary duty, negligence related to mutual fund recommendations. | Pending | $100,000 |
| Civil Litigation, Circuit Court of Cook County, IL (Docket No. 2025-CH-03834) | Breach of fiduciary duty, negligence, unjust enrichment, violations of the Illinois Consumer Fraud and Deceptive Business Practices Act, issues tied to alternative investments and trust accounting. | Pending | Unspecified |
If you have experienced similar issues, it is important to seek professional guidance promptly, as time limits may apply to your ability to recover losses.
Types of Allegations Reported
Investors should be mindful of the following specific allegations reportedly raised in these cases:
- Unsuitable Recommendations – Claims centered on investment choices that did not align with clients’ needs or risk tolerance.
- Breach of Fiduciary Duty & Negligence – Accusations that Mr. Darragh failed to place client interests first or did not exercise reasonable care in supervising or recommending investments.
- Misrepresentation & State Law Violations – Allegations that communications regarding investments were misleading or omitted important risk disclosures.
- Alternative Investment Concerns – Many recent cases relate to alternative assets (such as REITs, hedge funds, private capital, and energy partnerships) that are typically less liquid, carry higher risk, and are more complex than conventional stocks or bonds.
Regulatory and Disclosure History: What Does BrokerCheck Show?
A review of publicly reported information, including FINRA BrokerCheck, shows that as of March 2024, no prior regulatory disciplinary events, resolved customer complaints, or firm-initiated terminations were on Timothy Darragh’s record. He has not been subject to SEC or state regulator actions, nor reported personal bankruptcies or liens. However, the existence of recent disputes and pending litigation underscores the importance of ongoing due diligence by investors. Disclosures can change at any time, so it is wise to monitor for updates.
Key Takeaways for Investors
- Timothy Darragh is an experienced advisor with a lengthy industry tenure and multiple firm affiliations.
- There are two pending disputes totaling over $100,000 in alleged damages involving claims by former or current clients.
- Concerns raised include suitability, misrepresentation, fiduciary duty breaches, and the recommendation of alternative investments.
- Up-to-date review of your investments and account activity is essential to protect against avoidable losses.
What Should You Do Next?
If you have suffered investment losses or have concerns regarding the way your financial advisor managed your account—especially if you were recommended alternative investments or complex mutual funds—now is the time to act. Given the complexity of investment products and the evolving regulatory landscape, an independent legal review can help determine if you may have grounds to pursue a claim.
Haselkorn & Thibaut’s experience is your advantage: the firm boasts a 98% success rate and “no recovery, no fee” policy, making it risk-free to discuss your situation. Reach out at 1-888-994-8066 for a confidential, complimentary consultation today.
Why Choose Haselkorn & Thibaut?
- National presence, representing clients in all 50 states
- Decades of focused experience in investment and securities fraud litigation
- Millions recovered for investors
- No recovery, no fee – you pay us only if we get your money back
Your path to recovery starts with one call. If you are a current or former client of Timothy Darragh or Stifel, Nicolaus & Company, reach out now—your rights and your financial future may depend on it.
