Tommy Bolton: $269K Annuity Complaint Against Stifel Advisor

Fayetteville, North Carolina financial advisor Tommy Bolton (CRD# 1398115) recently received an investor complaint alleging that his advice resulted in damages exceeding $200,000. Financial Industry Regulatory Authority records show that he is registered as a broker and an investment advisor with Stifel Nicolaus & Company.

Mr. Bolton’s BrokerCheck report discloses several investor complaints. The most recent, filed in October 2024, it alleges that as a representative of Stifel Nicolaus & Company, he recommended unsuitable variable annuities and “misrepresented the ability to turn on income streams,” resulting in surrender charges. The pending complaint alleges damages of $269,222.73.

An earlier investor complaint, filed in 2003, alleged that as a representative of Salomon Smith Barney, he engaged in manipulation, executed unauthorized trades, breached his fiduciary duty, misrepresented material facts, failed to disclose material facts, committed fraud, and acted negligently. In 2005 the complaint reached a settlement of $38,975.

The website for Stifel Nicolaus & Company’s Fayetteville, North Carolina office, where Mr. Bolton is registered, describes the firm’s approach to working with its clients. “We want to understand your unique financial objectives so that we can develop a strategy specific to your needs and long-term financial goals,” it explains. “Whether you want to plan for retirement, save for your children’s college education, reduce your tax bills, or increase your income to meet monthly expenses, you can expect personalized, professional service and advice.”

According to the Financial Industry Regulatory Authority, Tommy Bolton holds 39 years of securities industry experience. Based in Fayetteville, North Carolina, he has been registered as a broker and an investment advisor with Stifel Nicolaus & Company since 2010. His past registrations include Morgan Stanley, Citigroup Global Markets, Lehman Brothers, and EF Hutton & Company. His credentials include the passage of seven securities industry qualifying exams: the General Securities Sales Supervisor Examination (Options Module & General Module), or Series 8; the General Securities Sales Supervisor – General Module Examination, or Series 10; the General Securities Sales Supervisor – Options Module Examination, or Series 9; the General Securities Representative Examination, or Series 7; the Securities Industry Essentials Examination, or SIE; the Uniform Securities Agent State Law Examination, or Series 63; and the Uniform Investment Adviser Law Examination, or Series 65. He holds 21 state licenses. (Information current as of October 20, 2024.)

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