Barry Walter Wold of Edina Minnesota a stockbroker formerly registered with Raymond James Associates Inc. has been discharged by the firm on January 5, 2018 founded on accusations that (1) Wold did not abide by the firm’s policy concerning the switching of customers’ commission-based account to fee-based accounts (2) Wold potentially falsified information about his interactions with customers when entering information into the firm’s customer database.
Financial Industry Regulatory Authority (FINRA) Public Disclosure additionally confirms that on June 28, 2018, a customer initiated investment related complaint concerning Wold’s conduct was resolved for $27,000.00 in damages supported by allegations that between 2014 and 2017: negligent trading practices ensued in the customer’s account; the customer had been charged commissions that were unreasonable and excessive; and the customer’s investments had been churned.
Wold was employed by Raymond James Associates Inc. between January 16, 2009 and January 5, 2018.
