Mitchell Yanow Barred by FINRA and Terminated From Stifel, Nicolaus & Company for Alleged Fund Conversion

The law firm of Oakes & Fosher is presently investigating the possible misconduct of former securities broker Mitchell Yanow. According to his publicly available FINRA BrokerCheck report, Mitchell Yanow has been the subject of a customer complaint and FINRA sanction.

Mitchell Yanow operated most recently as a Florida based securities broker. He worked in the securities industry for twenty-six years. During his career, he was registered with six different securities firms. He is no longer working as a registered securities broker in any fashion.

His Registrations

• Halpert and Company (1991-1992)


• J.B. Hanauer & Co. (1992-2000)


• UBS Financial Services (2000-2005)


• Wachovia Securities (2005-2008)


• Oppenheimer & Co. (2008-2015)


• Stifel, Nicolaus & Company (2015-2018)

• In May 2015, a customer alleged that Mitchell Yanow charged her excessive commissions and margin interest. This case was settled for $144,000 in damages.


• His BrokerCheck report also shows that he was sanctioned by FINRA in July 2018. FINRA's findings in this matter state that Mitchell Yanow withdrew approximately $206,000 from the account of his eighty-seven year old customer. He did this by writing checks from a brokerage account that the customer held at Stifel, Nicolaus & Company. The customer gave no authorization and had no knowledge of Yanow's actions. Mitchell Yanow was only given blank checks by the customer so he could pay the customer's caregivers in the even they were unable to do so. Mitchell Yanow used the checks to pay for expenses that included overdue homeowner's association fees, his kid's summer camp fees, and even the purchase of a 1976 Corvette. Due to his actions in this matter, Mitchell Yanow was discharged from his position at Stifel, Nicolaus & Compay, and barred by FINRA from acting as a broker in any fashion.

Many investors are unaware of the legal recourse available to them after losing money due to securities broker fraud and/or negligence. The truth is that investors who have lost money in this fashion may actually be entitled to damages.

Oakes & Fosher dedicates its entire legal practice to helping investors across the nation. If you, or someone you know, have lost money investing with Mitchell Yanow, please contact Oakes & Fosher for a free and private consultation. Oakes & Fosher handles cases on a contingency basis, which means there are no fees charged unless we collect for you.