Andrew Joseph Kubicsko Jr., of Chicago, Illinois, a stockbroker registered with Raymond James Associates Inc., is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $400,000.00 in damages based upon allegations that Kubicsko made an unsuitable recommendation of Thornburg Limited Term Municipal Fund, which was supposedly not in the customer’s best interest, in violation of Regulation Best Interest or Reg BI. Kubicsko also allegedly failed to disclose annual fees paid by the fund manager to Raymond James Associates Inc. Financial Industry Regulatory Authority (FINRA) Arbitration No. 23-02476 (September 11, 2023).
This is not the first time that Kubicsko has been referenced in a customer initiated investment related dispute concerning Kubicsko’s conduct in the securities industry. Public Disclosure shows that Kubicsko was also referenced in a customer initiated investment complaint that was settled for $60,000.00 in damages based upon allegations that Kubicsko engaged in churning and misrepresentations of material fact in connection with the sale of equities during the time that Kubicsko was associated with PaineWebber Incorporated.
Kubicsko has been associated with Raymond James Associates Inc. in Chicago, Illinois since February 4, 2011.