John Belk Daughtridge, of Mount Pleasant, South Carolina, a stockbroker formerly registered with Raymond James Associates Inc. and Morgan Stanley, is referenced in a customer initiated investment related written complaint that was resolved on June 1, 2021, for $15,000.00 in compensation to the customer founded on accusations of unauthorized trading by Daughtridge at Morgan Stanley Smith Barney. Case No. 2020-CP-10. The complaint alleges that the customer sustained damages in their in-house money manager account at MSSB between July of 2012 and April of 2020.
Daughtridge has been identified in two additional customer initiated investment related disputes containing allegations of his harmful activities while employed by Citigroup Global Markets Inc. and Raymond James Associates. Financial Industry Regulatory Authority (FINRA) Public Disclosure shows that a customer filed an investment related complaint concerning Daughtridge’s activities where the customer requested $8,858.38 in damages based upon accusations of an unauthorized variable annuity transaction when Daughtridge was associated with Citigroup Global Markets.
Daughtridge is identified in a customer initiated investment related written complaint on July 1, 2016, in which the customer sought $50,000.00 in damages founded on allegations of misappropriation and unauthorized trading while Daughtridge was employed by Raymond James Associates. The complaint, which was submitted for a collateral purpose, and was otherwise frivolous, was denied.
Daughtridge was discharged by Raymond James Associates, supported by accusations of his failure to comply with the firm’s “policy” regarding the dissemination of unapproved investment research to non-customers.