Securities Arbitration Investment Fraud Lawyers » Investment and Regulatory News » Raymond James Financial Settles Arbitration Claim Involving Barred Stockbroker

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Stefan Anton Pastor of Fort Lauderdale, Florida, a stockbroker registered with Raymond James Financial Services Inc., was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $18,000.00 in damages based upon allegations that Pastor made misrepresentations of material fact and made an unauthorized premium payment on an insurance policy during the time that Pastor was associated with Raymond James Financial Services Inc. Financial Industry Regulatory Authority (FINRA) Arbitration No. 19-00234 (September 17, 2020).

This is not the first time that Pastor has been referenced in a customer initiated investment related dispute concerning Pastor’s conduct in the securities industry. FINRA Public Disclosure shows that Pastor was also referenced in a complaint that was settled on May 3, 2018, for $60,000.00 in damages based upon allegations that Pastor committed forgery when Pastor was associated with Raymond James Financial Services Inc.

Pastor has been barred from associating with any FINRA member in any capacity because Pastor provided false testimony to FINRA during the time that it investigated possible violations of FINRA rules. Letter of Acceptance, Waiver, and Consent No. 2018058316601 (September 4, 2019). According to the AWC, Pastor falsely claimed that he had received permission from the customer to engage in trading. Pastor’s conduct was found to have violated FINRA Rules 2010 and 8210.

Because of a customer’s complaint, Raymond James Financial Services Inc. discharged Pastor on April 3, 2018, and Provenance Wealth Advisors discharged him on April 6, 2018.