Jeffrey S. Rush, of Grand Rapids, Michigan, a stockbroker with Raymond James & Associates, was terminated from employment on November 2, 2015, based upon allegations that he engaged in outside business activities that were not disclosed to the firm as required.
Financial Industry Regulatory Authority (FINRA) Public Disclosure reveals that Rush is the subject of five customer initiated investment related disputes pertaining to allegations of his wrongdoing while he was employed with Raymond James and Associates, Dean Witter Reynolds, and Prudential Securities Incorporated. Specifically, on November 24, 2003, a customer initiated investment related written complaint involving Rush’s conduct was settled for $23,000.00 in damages based upon allegations that he failed to appropriately handle the customer’s managed account, and made unsuitable investment recommendations to the customer about equities effected in the customer’s account.
Subsequently, on May 13, 2014, a customer filed an investment related written complaint regarding Rush’s activities, wherein the customer requested $80,000.00 in damages based upon allegations that Rush failed to execute upon the customer’s instructions, and effected options and stock transactions in the customer’s account. Further, on October 24, 2015, a customer filed an investment related written complaint regarding Rush’s activities, wherein the customer requested an estimated $5,000.00 in damages based upon allegations that between 2014 and 2015, Rush did not abide by instructions when transacting in the customer’s equity portfolio.
Moreover, on November 11, 2016, a customer filed an investment related written complaint regarding Rush’s activities, in which the customer sought at least $5,000.00 in damages based upon allegations that he effected stock transactions in the customer’s account that were not suitable for the customer.
Rush has been registered with Ameriprise Financial Services, Inc. since November 10, 2015.
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