Donald Lorne Keith Jr., of Boston, Massachusetts, a stockbroker registered with Raymond James Associates Inc., was discharged as a stockbroker on January 12, 2024. The securities broker dealer alleged that Keith engaged in conduct in violation of firm policies regarding the correction of trading errors.
Financial Industry Regulatory Authority (FINRA) Public Disclosure also shows that Keith was the subject of a customer initiated investment related complaint filed on November 1, 2019. The customer requested $200,000.00 in damages based on allegations of negligence and breach of fiduciary duty in connection with the recommendation and sale of equities including penny stocks. These allegations cover the period from March 2012 to December 2018, during Keith’s association with Oppenheimer Co. Inc. On July 30, 2020, the dispute was settled with Oppenheimer Co. Inc. paying $35,000.00 to the customer.
Keith was also referenced in a customer initiated investment related dispute filed on April 17, 2001, concerning his conduct at Chase Securities Inc. The customer alleged that she had not received her statements. The complaint also alleged that unauthorized trading occurred in the customer’s account, and margin was used without her knowledge. The case involved over-the-counter equities, municipal bonds, and mutual funds. The dispute was settled on November 19, 2001, with Chase Securities Inc. paying $40,000.00 to the customer.
Keith was associated with Raymond James Associates Inc. from August 2020 to January 2024, and Oppenheimer Co. Inc. from January 2003 to August 2020.
