George Edward Mathis of The Villages, Florida, a stockbroker currently registered with Raymond James & Associates, Inc., is the subject of a customer initiated investment related arbitration claim in which the customer requested $65,000.00 in damages based upon allegations of fraud, misrepresentation, breach of contract, negligence, and breach of fiduciary duty pertaining to investment transactions effected in the customer’s account between January 24, 2014 and September 30, 2016. Financial Industry Regulatory Authority (FINRA) Arbitration No. 18-01663 (Apr. 2, 2018).
FINRA Public Disclosure confirms that Mathis has been identified in four additional customer initiated investment related disputes containing accusations of Mathis’ misconduct while employed with Raymond James & Associates, Inc., Wells Fargo Advisors, LLC, and A.G. Edwards & Sons, Inc.
Specifically, on November 11, 2011, a customer filed an investment related complaint involving Mathis’ conduct where the customer sought damages estimated to exceed $5,000.00 supported by allegations that over-the-counter equity positions had been sold from the customer’s investment account without the customer’s consent. On August 24, 2015, another customer filed an investment related arbitration claim concerning Mathis’ activities in which the customer requested $17,946.90 in damages founded on accusations of misrepresentation relating to real estate investment trusts, mutual funds, equities and municipal debt transactions executed in the customer’s account between May 31, 2015 and August 21, 2015.
Then, a customer initiated investment related arbitration claim involving Mathis’ conduct was settled for $70,000.00 in damages based upon allegations that Mathis breached his contractual and fiduciary obligations to the customer, negligently serviced the customer’s account, made omissions and misrepresentations of facts pertaining to investments, and placed unsuitable investment transactions in the customer’s account. FINRA Arbitration No. 16-02267 (Oct. 24, 2017). That customer additionally alleged that Raymond James was vicariously liable for the sales practice violations, including infractions of FINRA Rules 2010 and 2111, which occurred in reference to the customer’s investment in over-the-counter equities and direct investment products.
FINRA Public Disclosure also reveals that Mathis was discharged from prior employer, Wells Fargo, on November 3, 2011, supported by accusations that Mathis, inter alia, disseminated false information in connection with the preparation of sales literature. Mathis has been employed by Raymond James since November 18, 2011.
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