Ruben Javier Frezzotti (also known as Ruben Frezzotti), of Coral Gables, Florida, a stockbroker registered with Raymond James Associates Inc., has been discharged by the securities broker dealer on September 21, 2023, based upon allegations that Frezzotti failed to comply with firm policies by engaging in an outside business activity that was related to real estate lending.
Financial Industry Regulatory Authority (FINRA) Public Disclosure shows that Frezzotti is referenced in seven customer initiated investment related dispute concerning Frezzotti’s conduct while associated with securities broker dealers. On May 15, 2008, a customer filed an investment related complaint involving Frezzotti’s conduct in which the customer requested damages in excess of $5,000 based upon allegations that Frezzotti made misrepresentations of material fact in connection with the sale of variable annuities when Frezzotti was associated with Morgan Keegan Company Inc. This complaint was closed without the customer taking further action.
On April 9, 2010, another customer filed an investment related complaint involving Frezzotti’s conduct in which the customer requested $46,007.00 in damages based upon allegations that Frezzotti engaged in unauthorized trading in variable annuities when Frezzotti was associated with Morgan Keegan Company Inc. This complaint was denied.
Frezzotti is also referenced in a customer initiated investment related complaint filed on February 22, 2011, in which the customer requested $11,000.00 in damages based upon allegations that Frezzotti made unsuitable recommendations in connection with the sale of real estate investment trusts. The securities broker dealer denied this complaint.
On December 28, 2011, a customer initiated investment related FINRA securities arbitration claim involving Frezzotti’s conduct was settled for $5,000.00 in damages based upon allegations that Frezzotti made unsuitable recommendations, churned accounts, and made misrepresentations of material fact in connection with the sale of variable annuities and real estate investment trusts. FINRA Arbitration No. 11-04591.
Frezzotti is also referenced in a customer initiated investment related FINRA securities arbitration claim that was settled for $25,000.00 in damages based upon allegations that Frezzotti made misrepresentations of material fact and made unsuitable recommendations in real estate investment trusts when Frezzotti was associated with Morgan Keegan Company Inc. FINRA Arbitration No. 12-01850 (December 18, 2013).
On September 20, 2019, a customer initiated investment related FINRA securities arbitration claim involving Frezzotti’s conduct resulted in the customer being awarded $43,827.00 in compensatory damages because Frezzotti and Raymond James Associates Inc. were held liable for sales practice violations. FINRA Arbitration No. 17-03139. The Statement of Claim alleged Frezzotti committed fraud, was negligent, made omissions of material fact, breached his fiduciary duties, breached a contract, made misrepresentations of material fact, and violated state securities laws in connection with the sale of real estate securities when Frezzotti was associated with Raymond James Associates Inc.
Frezzotti is also referenced in a customer initiated investment related FINRA securities arbitration claim that was settled for $900,000.00 in damages based upon allegations that Frezzotti made unsuitable recommendations in offshore fixed annuities when Frezzotti was associated with Raymond James Associates Inc. FINRA Arbitration No. 21-01873 (January 5, 2023).
Frezzotti was associated with Raymond James Associates Inc. in Coral Gables, Florida from February 13, 2013 to October 10, 2023.
