Daryl F. Devillier of Springfield Massachusetts a stockbroker formerly registered with Raymond James Associates Inc. is the subject of a customer initiated investment related written complaint on February 16, 2016 where the customer sought $78,192.96 in damages based upon accusations of misrepresentation in regard to the customer’s variable annuity investment.
Financial Industry Regulatory Authority (FINRA) Public Disclosure confirms that Devillier is referenced in five more customer initiated investment related disputes pertaining to allegations of his violative conduct during the period that he was employed by Raymond James and Morgan Stanley DW Inc. Particularly, on August 8, 2002, a customer initiated investment related complaint regarding Devillier’s conduct was resolved for $27,000.00 in damages supported by accusations that Devillier executed unauthorized trades in the customer’s account, inappropriately exercised discretion, and effected equity transactions that were not suitable for the customer.
On August 2, 2004, another customer filed an investment related complaint involving Devillier’s conduct in which the customer requested $130,000.00 in damages founded on allegations of over-concentration of the customer’s assets in equities; poor advice concerning an outside money manager; undue tax liabilities stemming from investment transactions; an unauthorized stock purchase in the customer’s investment account; and the failure to timely execute trades in the customer’s account.
Thereafter, a customer initiated investment related civil action involving Devillier’s activities was settled for $8,150.00 in damages based upon accusations of breach of contract, breach of fiduciary duty, negligence and fraud in reference to transactions placed in the customer’s individual retirement account. Civil Action No. 1017CV195 (Mar. 31, 2011). On October 10, 2012, another customer filed an investment related complaint concerning Devillier’s activities where the customer sought $26,062.34 in damages supported by allegations that unsuitable mutual fund transactions were executed in the customer’s investment portfolio.
Moreover, Devillier was subject of a customer initiated investment related arbitration claim in which the customer was awarded $39,802.69 in damages based upon Devillier and Raymond James having been found liable on the customer’s claims of suitability, unauthorized trading, churning, and breach of fiduciary duty in reference to mutual fund transactions placed in the customer’s account. FINRA Arbitration No. 13-00131 (Nov. 27, 2013). Raymond James was also found liable for failing to supervise Devillier’s activities in the customer’s account.
Devillier’s registration with Raymond James ceased on May 14, 2018. Since April 20, 2018, he has been registered with Ameriprise Financial Services, Inc.
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