Joe Tom King Jr. of Panama City Florida a stockbroker formerly employed by Raymond James Associates Inc. has been discharged by the securities broker dealer on December 6, 2018 founded on accusations that the stockbroker engaged in inappropriate unit investment trust transactions.
Financial Industry Regulatory Authority (FINRA) Public Disclosure reveals that King is referenced in two customer initiated investment related disputes pertaining to allegations of his violative conduct during the time that he was associated with E.F. Hutton Co. Inc. and Raymond James. In particular, a customer initiated investment related complaint involving King’s activities was settled to resolve accusations that when King was employed by Raymond James, misrepresentations had been made by the stockbroker concerning variable annuity products.
King is also the subject of a customer initiated investment related arbitration claim in which the customer was awarded $19,140.00 in compensatory damages based upon E.F. Hutton Co. and King being found liable on the customer’s claims which included that transactions executed by the stockbroker were neither suitable nor authorized; the customer’s account was churned; false or misleading statements had been made concerning investments; the customer’s account was administered negligently; and the customer had been defrauded.
