stock fraud

Mitchell Louis Silverman of Boca Raton Florida a stockbroker currently registered with Raymond James Associates Inc. is the subject of a customer initiated investment related arbitration claim which was settled for $10,000.00 in damages based upon allegations that (1) the customer was defrauded by making purported stock purchases through Silverman (2) an investment contract was violated (3) the customer’s account was mismanaged and exposed to negligence by the stockbroker and (4) fiduciary duties which were owed to the customer had been breached resulting in the customer’s losses. Financial Industry Regulatory Authority (FINRA) Arbitration No. 18-01874 (July 2, 2018).

FINRA Public Disclosure reveals that Silverman has been referenced in five more customer initiated investment related disputes concerning accusations of his improprieties when he was associated with securities broker dealers including JB Hanauer Co. and Raymond James Associates Inc. Particularly, a customer initiated investment related civil action in reference to Silverman’s conduct has been resolved for $60,000.00 in damages based upon accusations that when Silverman was associated with JB Hanauer Co., it failed to supervise the stockbroker’s limited partnership interests sales.

Another customer filed an investment related complaint concerning Silverman’s activities where the customer sought unspecified damages founded on accusations that when Silverman was employed by Raymond James Associates Inc., the customer was provided with bad municipal bond recommendations, and the purchase of those investments generated losses for the customer’s account. Also, Silverman is the subject of a customer initiated investment related complaint on October 16, 2019 in which the customer requested $9,794.89 in damages based upon allegations of suitability with regard to stock trades that Silverman placed in the customer’s Raymond James account.

Silverman has been registered with Raymond James since May 3, 2002.

Tags: ,

No comments yet.

Leave a Reply

Name (required)

Email (will not be published) (required)

Website