James Gilbert Blair, of Coronado, California, a stockbroker currently registered with Raymond James Financial Services, Inc., has been named in a customer initiated investment related arbitration claim on February 1, 2017, in which the customer requested $300,000.00 in damages based upon allegations that Blair effected unauthorized and unsuitable over-the-counter equities transactions in the customer’s account, breached his contractual and fiduciary duties, and violated Texas Securities Act. The customer further alleged that Raymond James Financial Services failed to supervise Blair’s activities within the customer’s managed account.
Financial Industry Regulatory Authority (FINRA) Public Disclosure reveals that Blair has been identified in four additional customer initiated investment related disputes containing allegations of Blair’s misconduct while employed with Prudential Securities Incorporated and Raymond James Financial Services. Particularly, on May 30, 2003, a customer initiated investment related arbitration claim regarding Blair’s activities was resolved for $60,000.00 in damages based upon allegations that Blair made misrepresentations to the customer concerning equities, and effected transactions in the customer’s account which were excessive and unsuitable for the customer.
On December 23, 2003, another customer initiated investment related arbitration claim involving Blair’s conduct was settled for $15,650.00 in damages based upon allegations that he utilized margin in the customer’s investment account without authorization to effect mutual funds transactions. Subsequently, on March 7, 2006, a customer initiated investment related arbitration claim involving Blair’s activities was settled for $50,000.00 in damages based upon allegations that Blair was responsible for the customer’s poor investment performance.
Moreover, on May 13, 2016, a customer filed an investment related arbitration claim regarding Blair’s activities, based upon allegations against Blair including fraud, violation of state securities laws, misrepresentation, breach of contract, breach of fiduciary duty, financial elder abuse, unsuitability, and excessive fee charging.
Guiliano Law Group
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