Tag Archives: Jerry Rose

Raymond James Fined $400,000 for Failure to Supervise

April 13, 2012  |   Posted by :   |   Investment and Regulatory News, Ponzi Schemes   |   0 Comments

Raymond James Financial Services Inc. has agreed to pay a $400,000 fine to settle allegations that it failed to supervise a customer who used accounts he had with the firm to operate a multi-million-dollar Ponzi scheme.The firm submitted a Letter of Acceptance Waiver and Consent (AWC) to resolve a disciplinary action brought by the Financial […]

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