Colton Wade Jacob, a former stockbroker based in Austin, Texas, was subject to a regulatory action by Financial Industry Regulatory Authority (FINRA) on October 21, 2024, for engaging in outside business activities without providing written notice to his member firms, Raymond James Financial Services Inc. and Steward Partners Investment Solutions LLC. This conduct violated FINRA…
Donald Lorne Keith Jr., of Boston, Massachusetts, a stockbroker registered with Raymond James Associates Inc., was discharged as a stockbroker on January 12, 2024. The securities broker dealer alleged that Keith engaged in conduct in violation of firm policies regarding the correction of trading errors. Financial Industry Regulatory Authority (FINRA) Public Disclosure also shows that…
Andrew Robert Hutcheson, of Los Angeles, California, a stockbroker registered with Raymond James Associates, has been fined $5,000.00 and suspended for 30 days from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Hutcheson engaged in outside business activities without providing prior written notice to Raymond James. Letter of Acceptance, Waiver,…
Thomas Reyes Jr., of La Vista, Nebraska, a stockbroker registered with Raymond James Financial Services Inc., has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Reyes refused to appear for testimony during an investigation into his potential outside business activities. Letter of Acceptance, Waiver, and Consent No….
Claire Cofer Friedrichs (also known as Claire Cofer Richmond and Claire Friedrichs Taylor), of Mandeville, Louisiana, a stockbroker registered with Raymond James Associates Inc., has been discharged by the securities broker dealer on August 11, 2021, based upon allegations that Friedrichs attempted to allocate a trade error involving market losses to customer accounts. Financial Industry…
Bryan Robert Noonan, of Scottsdale, Arizona, a stockbroker registered with Raymond James Financial Services Inc., has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Noonan refused to cooperate in a FINRA investigation into his potential private securities transactions. Letter of Acceptance, Waiver, and Consent No. 2024081517201 (June…
Dean Steven Jaeger of Elmwood Park, Illinois, a stockbroker registered with Raymond James Financial Services Inc., is the subject of a customer initiated investment related complaint filed on May 20, 2022, in which the customer requested $19,874.00 in damages based upon allegations that Jaeger engaged in “unsuitable trading” in stocks during the time that Jaeger…
Matthew Kenneth Wilkes, of Chicago, Illinois, a stockbroker registered with Raymond James Financial Services Inc., is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $4,171,885.12 in damages based upon allegations that Wilkes made unsuitable recommendations in a premium-financed life insurance policy, made…
Emily Jean Smith (also known as Emily Jean Hinton), of Vero Beach, Florida, a stockbroker registered with Raymond James Financial Services Inc., has been fined $5,000.00 and suspended for four months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Smith reused customer signatures and altered customer documents. Letter of…
Marion Strickler Adams III (also known as Ma’on Adams), of Mobile, Alabama, a stockbroker registered with Raymond James Associates Inc., has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because he failed to cooperate with an investigation into allegations of his potential misappropriation of funds. Letter of Acceptance,…
John Michael Fagan of St. Louis, Missouri, a stockbroker formerly registered with Raymond James Associates Inc., has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Fagan failed to cooperate with an investigation into a customer complaint. Letter of Acceptance, Waiver, and Consent No. 2023078766801 (November 6, 2023)….
Kirk James Crossen of Carmel, Indiana, a stockbroker registered with Raymond James Associates Inc., has been discharged by the securities broker dealer on October 31, 2023, based upon allegations that Crossen was not forthcoming during the securities broker dealer’s inquiry into a loan from Crossen’s customer at a prior firm. Public Disclosure also shows that…
Sara Yasmin Qazi of Beverly Hills, California, a stockbroker registered with Raymond James Associates Inc., has been fined $15,000.00 and suspended for three months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Qazi engaged in private securities transactions or “selling away” and violated communication standards with the public. Letter…
Ruben Javier Frezzotti also known as R. Frezzotti, of Coral Gables, Florida, a stockbroker registered with Raymond James Associates Inc., was discharged by the securities broker dealer on September 21, 2023, for failing to comply with policies of the securities broker dealer concerning “outside business activities.” Financial Industry Regulatory Authority (FINRA) Public Disclosure reveals that…
Andrew Joseph Kubicsko Jr., of Chicago, Illinois, a stockbroker registered with Raymond James Associates Inc., is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $400,000.00 in damages based upon allegations that Kubicsko made an unsuitable recommendation of Thornburg Limited Term Municipal Fund, which was supposedly not…
Matthew Thomas Lawson, of Chattanooga, Tennessee, a stockbroker associated with Raymond James Financial Services Inc., was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $62,500.00 in damages based upon allegations that Lawson made misrepresentations of material fact about a trust account. The customer…
Timothy James Breslin of Bryn Mawr, Pennsylvania, a stockbroker registered with Raymond James Associates and B. Riley Wealth Management, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Breslin provided false or misleading information to FINRA during the time that it investigated possible violations of FINRA rules….
William Colin Seibert, of Houma, Louisiana, a stockbroker registered with Raymond James Associates Inc., is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested compensation based upon allegations that Seibert made unsuitable recommendations of stocks when Seibert was associated with Raymond James Associates…
Raymond Sardina of Coral Gables, Florida, a stockbroker registered with Raymond James Associates Inc., was the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $1,500,000.00 in damages based upon allegations that Sardina made unsuitable recommendations of stocks during the time that Sardina was associated with Raymond James…
William Forrest Winchester III (also known as Bill Woods), of Chattanooga, Tennessee, 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 $62,500.00 in damages based upon allegations that Winchester made misrepresentations of material fact in connection with the…
Ronald James Radner of Delray Beach, Florida, a stockbroker registered with Raymond James Financial Services Inc., was the subject of a customer initiated investment related complaint filed on July 14, 2022, in which the customer requested $14,215.74 in damages based upon allegations that Radner made unsuitable recommendations of mutual funds when Radner was associated with…
William Joseph Conn (also known as Bill Conn), of San Francisco, California, a stockbroker registered with Raymond James Associates Inc., is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested between $1,000,000.00 and $5,000,000.00 in damages based upon allegations that Conn made unsuitable recommendations, made omissions of…
Bradley S. Lay (also known as Brad Lay), of Franklin, Tennessee, a stockbroker registered with Raymond James Associates Inc., is the subject of an investigation initiated by Tennessee Department of Commerce and Insurance on March 29, 2022, into allegations that Lay failed to disclose a prior regulatory enforcement action. Financial Industry Regulatory Authority (FINRA) Public…
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…
Marion Strickler Adams III (also known as Ma’on Adams), of Mobile, Alabama, a stockbroker registered with Raymond James Associates Inc., has been permitted to resign on October 7, 2021, based upon allegations by the executor of an estate that Adams may have misappropriated client assets. Public Disclosure shows that Adams was also referenced in a…
Jessica Wasserman Hall (also known as Jessica A. Wasserman), of Houston, Texas, a stockbroker registered with BBVA Securities Inc., was the subject of a customer initiated investment related complaint filed on August 17, 2020, in which the customer requested $5,000.00 in damages based upon allegations that Hall made an unsuitable recommendation concerning index annuities when…
Brent Jason Greninger, of Weston, Florida, a stockbroker registered with Raymond James Associates Inc., was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $150,000.00 in compensatory damages based upon allegations that Greninger made unsuitable recommendations of “private investments” when Greninger was associated with…
Doan Cong Nguyen of Vancouver, British Columbia, a stockbroker formerly registered with Raymond James (USA) Ltd., has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings that he did not comply with FINRA while under investigation for an undisclosed outside business activity while registered with Raymond…
Vincent Leonard Petrangelo, of Springfield, Massachusetts, a stockbroker formerly registered with Raymond James Associates Inc., is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer sought compensatory damages founded on allegations of failure to supervise stock and mutual fund trading in the customer’s account when Petrangelo was employed…
John Belk Daughtridge, of Mount Pleasant, South Carolina, a stockbroker formerly registered with Raymond James Associates Inc. and Morgan Stanley, is referenced in a customer initiated investment related written complaint that was resolved on June 1, 2021, for $15,000.00 in compensation to the customer founded on accusations of unauthorized trading by Daughtridge at Morgan Stanley…
Joel Paul Kichline, of Saint Louis, Missouri, a stockbroker formerly registered with Raymond James Associates Inc., has been fined $5,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings of Kichline’s unauthorized trading in Raymond James customer accounts. Letter of Acceptance, Waiver, and Consent No. 2020067473501…
Bryan Kirk Bordelon, of New Orleans, Louisiana, a stockbroker currently registered with Raymond James Associates Inc., is identified in a customer initiated investment related written complaint on July 28, 2021, where the customer requested $31,456.45 in damages founded on accusations of Bordelon placing them in unsuitable investments including structured products between July 20, 2018, and…
Bradley S. Lay (also known as Brad Lay), of Columbia, Tennessee, a stockbroker formerly registered with Raymond James Associates Inc., has been fined $7,500.00 and suspended for two months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings that Lay engaged in unauthorized trading of customer accounts while…
Michael Francis Shillin, of Altoona, Wisconsin, a stockbroker formerly registered with Alliance Global Partners (AGP), has been charged by Securities and Exchange Commission (SEC) with defrauding investors about stock and insurance transactions when he was registered with Alliance Global Partners, Raymond James Financial Services Inc., Raymond James Financial Services Advisors Inc., Shillin Wealth Management LLC,…
Joseph Marie Andreoli Jr., of Paramaus New Jersey, a stockbroker formerly registered with Wells Fargo Clearing Services LLC, is the subject of a customer initiated investment related FINRA securities arbitration claim which was resolved for $165,000.00 in damages based upon accusations of Andreoli’s unsuitable transactions involving structured products when he was associated with Wells Fargo…
Michael Joseph McNulty (also known as Mike McNulty), of Boca Raton, Florida, a stockbroker formerly registered with Raymond James Associates Inc., is referenced in a customer initiated investment related FINRA securities arbitration claim where the customer sought compensatory damages based upon allegations of unsuitable investment advice by McNulty concerning equities transactions when McNulty was associated…
Evan Kyle Davis (also known as Garry Davis) a stockbroker formerly registered with Raymond James Associates Inc. is referenced in a customer initiated investment related FINRA securities arbitration claim which was settled for $75,000.00 in damages founded upon accusations of the violation of Securities Exchange Act of 1934 Section 10(b) in reference to the unit…
Shirley Ellen Washam (also known as Shirley Ellen Davis and as Shirley Ellen Mazzanti) of Little Rock Arkansas a stockbroker formerly registered with Raymond James Associates Inc. is referenced in a customer initiated investment related written complaint which was resolved for $45,000.00 in damages on December 9, 2020 founded on allegations of an unauthorized annuity…
Sherry Lynn Baker (also known as Sherry Lynn Obrecht) of Salem Illinois a stockbroker formerly registered with Raymond James Financial Services is the subject of a FINRA investigation in which Baker may face disciplinary action for potentially making unsuitable trades in a customer’s account. Case No. 20180604604 (February 19, 2021). According to FINRA Public Disclosure,…
James Edward Lyons of Shreveport Louisiana a stockbroker formerly registered with Raymond James Associates Inc. is the subject of a customer initiated investment related FINRA securities arbitration claim where the customer sought $1,000,000.00 in damages founded on allegations of Lyons’ unsuitable trading of sector-specific investments and direct investments while he was associated with Raymond James…
Jeffrey Travis Drost of Victoria Texas a stockbroker formerly registered with Raymond James Financial Services Inc. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings that Drost failed to cooperate with FINRA during the period that he was under investigation for potentially borrowing from customers…
Steven Paul Reznik of Tallahassee Florida a stockbroker formerly registered with Raymond James Financial Services is referenced in a customer initiated investment related FINRA securities arbitration claim which was resolved for $100,000.00 in damages based on allegations that the customer was sold unsuitable equities by Reznik while he was associated with Raymond James Financial Services….
Jeffrey John Kartheiser of Sun City Center Florida a stockbroker formerly registered with Raymond James Financial Services has been ordered by Florida Office of Financial Regulation to pay a $20,000.00 fine, to cease and desist violating securities laws or rules in Florida, and to refrain from any supervisory or managerial duties in the securities industry…
Taek Man Chong of Mercer Island Washington a stockbroker formerly registered with Raymond James Financial Services Inc. is the subject of a customer initiated investment related complaint which was settled for $101,749.44 in damages on February 24, 2021 founded on accusations that the customer had been charged excessive commissions while Chong was associated with Raymond…
Scott Douglas Williams of Franklin Tennessee a stockbroker formerly registered with Raymond James Financial Services Inc. is referenced in a customer initiated investment related FINRA securities arbitration claim which was resolved for $125,000.00 in damages founded on accusations that unsuitable stock recommendations had been made by Williams for the customer’s Raymond James Financial Services account….
Ronald Patrick Cameron of Fayetteville Arkansas a stockbroker registered with International Assets Advisory and LPL Financial LLC has been fined $5,000.00 and suspended for five weeks from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that he engaged in outside business activities. Letter of Acceptance Waiver and Consent…
Mark Joseph Boucher of Carlsbad California a former stockbroker of Raymond James Financial Services and former investment adviser representative of SCF Investment Advisors Inc. has been charged by Securities and Exchange Commission (SEC) with engaging in a fraudulent scheme during the period that he controlled Strategic Wealth Advisors Group (SWAG). Securities and Exchange Commission v….
Lance Roman Armstrong of Columbia New Jersey a stockbroker formerly registered with Raymond James Financial Services has been issued an Order by New Jersey Bureau of Securities on September 17, 2020 in which Armstrong’s stockbroker registration in New Jersey has been revoked founded on allegations that he neglected to obtain authorization from Raymond James to…
John Edward Cassandra of Boynton Beach Florida a stockbroker currently registered with Raymond James Financial Services is referenced in a customer initiated investment related FINRA securities arbitration claim where the customer requested $14,999.00 in damages based upon accusations of unsuitable equities being purchased in the Raymond James customer’s account between November 7, 2001 and March…
Vonna Kay Husby of Fairbanks Arkansas a stockbroker formerly employed by Raymond James Financial Services has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that she failed to cooperate with FINRA during the time that she was under investigation for allegedly taking advantage of an…
Michael Alan Biedny of Clarence New York a stockbroker formerly registered with Raymond James Financial Services has been fined $5,000.00 and suspended for six months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings that Biedny concealed from Raymond James that he took $118,000 from a senior customer….
William Michael Council (also known as Bill Council) of San Diego California a stockbroker formerly registered with Raymond James Associates Inc. and DA Davidson Co. is referenced in a customer initiated investment related arbitration claim which was resolved for $50,000.00 in damages supported by allegations that Council’s investment recommendations were not suitable for the DA…
Michael Thomas Williams of Vero Beach Florida a stockbroker formerly registered with Raymond James Financial Services has been terminated from the securities broker dealer based upon accusations of Williams’ failure to supervise stockbrokers’ private correspondence with customers. Financial Industry Regulatory Authority (FINRA) Public Disclosure also reveals that Williams is the subject of a customer initiated…
Stephen Paul Florio (also known as Flo Florio and as Florio Paul Stephen) of Fort Lauderdale Florida a stockbroker formerly employed by Raymond James Associates Inc. has been fined $5,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings that Florio effected trades in a Raymond…
Joseph Paul Woitkoski of Pittsfield Massachusetts a stockbroker formerly employed by Raymond James Associates Inc. has been fined $7,500.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that Woitkoski initiated unauthorized trades in customer accounts and caused false records and books to be maintained by…
William Forrest Winchester III (also known as Bill Woods) a stockbroker formerly associated with Raymond James Financial Services has been referenced in a Tennessee Securities Division Consent Order in which Winchester was fined $45,000.00 and subject to heightened supervision requirements supported by findings that Winchester engaged in unethical and dishonest practices by obtaining loans from…
Joel Nathan Burstein Jr. of Coral Gables Florida a stockbroker associated with Raymond James Associates Inc. is the subject of a customer initiated investment related civil action brought in the United States District Court in which the customer requested damages in connection with a $21 million Ponzi scheme involving Burstein. Civil Action No. 2:17-cv-crf-00061 (Mar….
Stephen Allen Murray of Palm Beach Gardens Florida a stockbroker associated with Raymond James Financial Associates has been suspended from associating with any FINRA member in any capacity supported by allegations that the stockbroker neglected to comply with an arbitration award filed against him by Raymond James. FINRA Case No. 18-02556 (Apr. 2, 2019). This…
Bryce Patrick Jenney of Nashville Tennessee a stockbroker formerly registered with Raymond James Associates has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity according to a Default Decision issued by FINRA Office of Hearing Officers containing findings that Jenney failed to comply with FINRA’s requests during the period…
Mark Joseph Boucher of Carlsbad California a stockbroker formerly registered with Raymond James Financial Services Inc. is the subject of a customer initiated investment related written complaint which was settled on January 24, 2020 for $542,444.83 in damages based upon allegations that (1) the customer’s signature had been forged by Boucher and (2) the customer’s…
John Charles Wyshak of Los Angeles California a stockbroker formerly registered with Raymond James Associates Inc. has been suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon allegations that he failed to provide information to FINRA after it was requested of him. Case No. 2018057445601 (Feb. 3, 2020)….
Gregory John Lane of Belleville Illinois a stockbroker formerly employed by Raymond James Associates Inc. has been barred by Financial Industry Regulatory Authority (FINRA) from associating with any FINRA member in any capacity founded on accusations of the stockbroker neglecting to provide recorded testimony or documentation to FINRA personnel during the time that he was…
Mitchell Louis Silverman of Boca Raton Florida a stockbroker currently registered with Raymond James Associates Inc. is the subject of a customer initiated investment related arbitration claim which was settled for $10,000.00 in damages based upon allegations that (1) the customer was defrauded by making purported stock purchases through Silverman (2) an investment contract was…
Taek Man Chong of Mercer Island Washington a stockbroker associated with Raymond James Financial Services Inc. was the subject of a customer initiated investment related which was settled for $1,091,070.30 in damages based upon allegations that the stockbroker “misused” the customer’s funds. Chong has also been referenced in a customer initiated investment related complaint on…
James Edward Lyons of Shreveport Louisiana a stockbroker employed by Raymond James Associates Inc. has been referenced in a customer initiated investment related arbitration claim in which the customer had been awarded $2,986,708.96 in compensatory damages supported by Raymond James Associates being found liable on the customer’s claims which included that (1) mutual funds, stocks…
Steven Paul Reznik of Tallahassee Florida a stockbroker formerly registered with Raymond James Financial Services Inc. is the subject of a customer initiated investment related arbitration claim which has been resolved for $20,000.00 in damages based upon accusations that (1) fiduciary obligations were breached (2) transactions lacked appropriate supervision from the securities broker dealer (3)…
Thomas Whitmeyer O’Brien of Shreveport Louisiana a stockbroker currently registered with Raymond James Associates Inc. is the subject of a customer initiated investment related arbitration claim where the customer was awarded $2,986,708.96 in compensatory damages based on Raymond James Associates being found liable on the customers’ claims which included that Raymond James failed to supervise…
Cecil Allen Ross of Orlando Florida a stockbroker formerly registered with Raymond James Associates has been fined $5,000.00 and suspended for four months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that Ross made unsuitable recommendations of unit investment trust transactions in customer accounts. Letter…
Joe Tom King Jr. of Panama City Florida a stockbroker formerly employed by Raymond James Associates Inc. has been discharged by the securities broker dealer on December 6, 2018 founded on accusations that the stockbroker engaged in inappropriate unit investment trust transactions. Financial Industry Regulatory Authority (FINRA) Public Disclosure reveals that King is referenced in…
Bryce Patrick Jenney of Nashville Tennessee a stockbroker formerly registered with Raymond James Associates Inc. has been charged by Financial Industry Regulatory Authority (FINRA) in a Complaint alleging that (1) Jenney neglected to furnish documentation and information to FINRA when he was under investigation and (2) Jenney failed to testify in response to allegations of…
Aaron Phillip Tellez of Las Vegas Nevada a stockbroker currently employed by Raymond James Financial Services is the subject of a customer initiated investment related written complaint on August 1, 2019 where the customer requested $123,670.00 in damages supported by accusations that (1) Tellez provided the customer bad advice concerning a variable annuity and (2)…
James Joseph Kearney of Houston Texas a stockbroker formerly registered with Raymond James Associates Inc. has been fined $2,500.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that Kearney executed more than two-hundred unauthorized trades in the accounts of Raymond James customers. Letter…
Lance Roman Armstrong of Columbia New Jersey a stockbroker formerly registered with Raymond James Financial Services Inc. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that Armstrong neglected to comply with a FINRA investigation into allegations of his outside business activities and…
Sharon Lee Hyer of Omaha Nebraska a stockbroker currently registered with Raymond James Financial Services Inc. is the subject of a customer initiated investment related complaint on July 17, 2019 in which the customer sought $13,100.00 in damages based upon accusations that false or misleading statements had been made to the customer in regard to…
Walter Dale Crossley Jr. of Merritt Island Florida a stockbroker currently registered with Raymond James Financial Services is the subject of a customer initiated investment related arbitration claim where the customer sought $1,519,773.22 in damages founded on accusations that the customer’s account was administered negligently; fiduciary duties had been violated; and the customer’s funds had…
Stuart Blake Nichols of Birmingham Alabama a stockbroker formerly registered with Raymond James Associates Inc. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that Nichols failed to make an appearance before FINRA personnel and testify regarding accusations of his excessive trading in…
Ronald Harris Rothchild of Garden City New York a stockbroker formerly registered with Raymond James Financial Services is referenced in a customer initiated investment related arbitration claim which was resolved for $50,000.00 in damages based upon accusations that (1) the customer’s account was overconcentrated in bad investments (2) fiduciary duties had been breached (3) the…
Stefan Anton Pastor of Fort Lauderdale Florida a stockbroker formerly registered with Raymond James Financial Services Inc. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he failed to cooperate with an investigation into allegations of him: (1) effecting trades in a…
Eldridge Foster Parks of Saginaw Michigan a stockbroker employed by Raymond James Associates Inc. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings that Parks failed to testify before FINRA personnel during an investigation into allegations of Parks making bad investment recommendations to customers of…
Gregory John Lane of Belleville Illinois a stockbroker formerly employed by Raymond James Associates Inc. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings that Lane declined to comply with requests made by FINRA as part of its investigation into Lane’s possible mishandling of trust…
Clifford C. Vatter III of Louisville Kentucky a stockbroker formerly registered with Raymond James Associates Inc. is the subject of an Order issued by the Commissioner of the Commonwealth of Kentucky Department of Financial Institution in which Vatter’s application to employed by International Assets Management LLC was retracted and Vatter consented to not registering as…
Jeffrey Michael Johnson (also known as Jeff Michael Johnson) of Birmingham Michigan a stockbroker formerly registered with Morgan Stanley has been suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that Johnson failed to comply with the terms of a FINRA Arbitration Award. Case No….
Ralph Wilson Smith of Valdosta Georgia a stockbroker formerly employed by Raymond James Financial Services Inc. is referenced in a customer initiated investment related arbitration claim which was resolved for $320,000.00 in damages supported by accusations that (1) the customer’s account transactions were negligently administered (2) contractual obligations were breached by the firm (3) fiduciary…
Denise Marie Bucci of Conshohocken Pennsylvania a stockbroker formerly employed by Raymond James Financial Services Inc. has been fined $7,500.00 and suspended for one year from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that Bucci falsified and forged customer signatures on documents used to effect investment transactions…
Franklin Hamilton Reynolds of Charlotte North Carolina a stockbroker formerly employed by Raymond James Associates Inc. has been discharged by the firm on October 22, 2018 based upon the firm’s allegations that Reynolds engaged in suspicious activities concerning unit investment trusts while associated with the firm. Financial Industry Regulatory Authority (FINRA) Public Disclosure additionally reveals…
Lisa Ann Detanna of Beverly Hills California a stockbroker currently registered with Raymond James Associates Inc. is the subject of a customer initiated investment related written complaint on January 22, 2019 in which the customer requested $100,000.00 in damages supported by allegations that common and stock transactions executed in the customer’s account were not suitable…
Steven Paul Reznik of Tallahassee Florida a stockbroker formerly employed by Raymond James Financial Services Inc. is the subject of a customer initiated investment related arbitration claim in which the customer requested $100,000.00 in damages based upon accusations that (1) fiduciary duties and contractual obligations had been breached (2) the firm failed to supervise transactions…
Jared Bryce Roskelley of Scottsdale Arizona a stockbroker formerly employed by Cambridge Investment Research Inc. is referenced in a customer initiated investment related written complaint on July 28, 2017 where the customer sought $40,000.00 in damages based upon allegations that the customer was inappropriately placed in the Phillips Edison Real Estate Investment Trust – a…
Gary George Vescio of Palm Beach Gardens Florida a stockbroker formerly registered with Raymond James Associates is the subject of a customer initiated investment related written complaint on May 21, 2016 where the customer sought $62,000.00 in damages supported by allegations that excessive stock trades were effected in the customer’s account while Vescio was employed…
Vincent Joseph Storms of Saint Petersburg Florida a broker formerly registered with Raymond James Associates Inc. has been charged by Financial Industry Regulatory Authority (FINRA) Department of Enforcement in a Complaint alleging that (1) Storms falsified information to FINRA in regard to his handling of outside business activities supervisory procedures and (2) Storms neglected to…
Barry Walter Wold of Edina Minnesota a stockbroker formerly registered with Raymond James Associates Inc. has been discharged by the firm on January 5, 2018 founded on accusations that (1) Wold did not abide by the firm’s policy concerning the switching of customers’ commission-based account to fee-based accounts (2) Wold potentially falsified information about his…
Donald Marshall Cox a stockbroker currently employed by Raymond James Associates Inc. is referenced in a customer initiated investment related civil action in which the customer sought $2,000,000.00 in damages based upon allegations that between April of 2011 and November of 2015: (1) the customer’s funds were converted (2) the customer’s signature had been forged…
Mark Andrew Tudor of Lake Mary Florida a stockbroker formerly employed by Raymond James Financial Services Inc. has been discharged by the firm on October 23, 2018 supported by accusations that Tudor steered customers towards making investments away from Raymond James and failed to be forthcoming with the firm when questioned about his activities. Financial…
Woodley Hannon Bagwell of Montgomery Alabama a stockbroker formerly registered with Raymond James Associates Inc. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by accusations that he failed to honor FINRA’s requests for Bagwell’s information. Letter No. 20160520299901 (September 18, 2017). FINRA Public Disclosure confirms that…
Mario Joseph Payne of Jacksonville Florida a stockbroker currently employed by Raymond James Financial Services Inc. is the subject of a customer initiated investment related written complaint on May 18, 2018 in which the customer sought $20,000.00 in damages supported by allegations that between November 10, 2017 and February 8, 2018, the customer was placed…
John Wendel Gilbert of Houston Texas a stockbroker formerly employed by Raymond James Associates Inc. has been fined $7,500.00 and suspended for forty-five days from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he made unsuitable investment recommendations to a Raymond James customer. Letter of…
Becky Sue Lynch (also known as Becky Lynch Benfer) of Hagerstown Maryland a stockbroker formerly registered with Raymond James Financial Services Inc. has been terminated by the firm on May 28, 2015 while under internal review of the suitability of transactions effected in Lynch’s customer’s annuity accounts. FINRA Public Disclosure reveals that this is not…
Brett Allen Defore of Venice Florida a stockbroker formerly employed by Raymond James Associates Inc. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon accusations that he failed to cooperate with FINRA by not responding to a request for information. Case No. 2017053983501 (Oct. 2, 2017)….
Christopher Todd Gross of San Diego California a stockbroker formerly registered with Raymond James Associates Inc. has been discharged by the firm on December 14, 2015 founded on accusations that Gross (1) engaged in an outside business activity that was not properly disclosed to the firm and (2) engaged in unauthorized correspondence concerning his outside…
Stephen Allen Murray of Palm Beach Gardens, Florida, a stockbroker formerly employed by Raymond James & Associates, Inc., has been suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on allegations that he failed to provide FINRA with a response to the regulators’ request for Murray’s information. FINRA Case…
George Edward Mathis of The Villages, Florida, a stockbroker currently registered with Raymond James & Associates, Inc., is the subject of a customer initiated investment related arbitration claim in which the customer requested $65,000.00 in damages based upon allegations of fraud, misrepresentation, breach of contract, negligence, and breach of fiduciary duty pertaining to investment transactions…
Daryl F. Devillier of Springfield Massachusetts a stockbroker formerly registered with Raymond James Associates Inc. is the subject of a customer initiated investment related written complaint on February 16, 2016 where the customer sought $78,192.96 in damages based upon accusations of misrepresentation in regard to the customer’s variable annuity investment. Financial Industry Regulatory Authority (FINRA)…
Steven Paul Reznik of Tallahassee Florida a stockbroker and financial advisor registered with Raymond James Financial Services Inc. is the subject of a customer initiated investment related written complaint on April 25, 2018 where the customer requested $58,721.00 in damages based upon allegations that between May 20, 2015 and April 30, 2018: (1) transactions were…
Joseph Eldon Johnson of North Riverside Illinois a stockbroker currently registered with Raymond James Financial Services Inc. is referenced in a customer initiated investment related arbitration claim where the customer requested $50,000.00 in damages supported by accusations of sales practice violations relating to exchange traded funds including (1) negligence (2) breach of fiduciary duty (3)…
Gregory John Lane of Belleville Illinois a stockbroker formerly employed by Raymond James Associates Inc. had been terminated from the firm on April 2, 2018 founded on accusations that he invested a customer’s trust assets in a manner which violated the terms of the trust and failed to effect distributions in accordance with trust instructions….
David Christopher Hydrick of Memphis Tennessee a stockbroker formerly registered with Raymond James Associates Inc. is the subject of a customer initiated investment related arbitration claim where the customer sought $400,000.00 in damages based upon accusations of (1) misappropriation (2) unauthorized trading in the customer’s account (3) breach of contractual duties (4) conversion of the…
Taek Man Chong of Mercer Island Washington a stockbroker formerly employed by Raymond James Financial Services Inc. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he failed to cooperate with FINRA in an investigation into the reasoning behind Chong’s termination from…
John Charles Wyshak of Los Angeles California a stockbroker currently employed by Raymond James Associates Inc. is referenced in a customer initiated investment related arbitration claim where the customer sought $1,023,460.00 in damages based upon accusations of (1) fraudulent concealment (2) breach of contract (3) conversion (4) omission of material facts (5) churning (6) breach…
James Edward Lyons of Shreveport Louisiana a stockbroker formerly employed by Raymond James & Associates, Inc. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he obstructed a FINRA investigation into allegation of his unauthorized trading in customer accounts. Letter of Acceptance…
John Belk Daughtridge of Mount Pleasant South Carolina a stockbroker formerly employed by Raymond James Associates Inc. has been discharged by the firm on February 26, 2018 supported by accusations that Daughtridge disseminated investment related information without authorization from the firm. Financial Industry Regulatory Authority (FINRA) Public Disclosure reveals that Daughtridge has been identified in…
Ronald Harris Rothchild of Garden City New York a stockbroker formerly employed by Raymond James Financial Services Inc. has been discharged by the firm and its advisory affiliate on April 8, 2016 supported by allegations that Rothchild (1) placed trades in a customer’s investment account that were neither suitable nor authorized by the customer and…
Van Mark Pearcy of Midland Texas a stockbroker currently registered with Raymond James Financial Services Inc. is the subject of a customer initiated investment related written complaint on February 8, 2018 in which the customer sought $73,197.00 in damages founded on allegations that unsuitable investment recommendations had been made to the customer between January 1,…
David Henry Niswonger of South Bend Indiana is a stockbroker currently registered with Raymond James and Associates who is the subject of a customer initiated investment related arbitration claim that settled for $52,000.00 in damages founded on accusations including (1) violation of federal securities laws (2) violation of National Association of Securities Dealers (NASD) and…
Eric Anthony Dupre of San Antonio Texas is a stockbroker currently registered with Raymond James and Associates Inc. who is the subject of a customer initiated investment related arbitration claim which settled for $90,000.00 in damages supported by allegations of (1) breach of fiduciary duty (2) negligence and (3) suitability pertaining to over-the-counter equities transactions…
Robert Abramowitz of Garden City New York is a stockbroker formerly registered with Raymond James Financial Services Inc. who is the subject of a customer initiated investment related arbitration claim which settled for forty thousand dollars in damages based upon accusations including (1) omissions and misrepresentations (2) breach of contract (3) breach of fiduciary duty…
Paidemoyo Brian Charasika of Louisville Kentucky is a stockbroker formerly registered with Raymond James & Associates Inc. who is the subject of a customer initiated investment related written complaint which settled on October 26 2015 for twelve thousand five hundred dollars in damages founded on allegations that unauthorized real estate investment trust and unit investment…
Clifford C. Vatter III of Louisville Kentucky was a stockbroker formerly registered with Raymond James and Associates Inc. whom the firm fired in July 2017 based upon accusations that Vatter placed trades in a customer’s account without the customer’s authorization. Financial Industry Regulatory Authority (FINRA) Public Disclosure confirms that Vatter has been identified in six…
Thomas Whitmeyer O’Brien of Shreveport Louisiana is a stockbroker currently registered with Raymond James who is the subject of a customer initiated investment related arbitration claim in which the customer requested five million dollars in damages supported by allegations including (1) overconcentration in the customer’s account (2) unauthorized trading (3) fraudulent concealment (4) fraudulent or…
Jeffrey Scott Ingros of Beaver, Pennsylvania, a former Raymond James Financial Services, Inc. stockbroker, is the subject of a customer initiated investment related written complaint on August 30, 2016, where the customer requested at least $5,000.00 in damages based upon accusations that Ingros made misrepresentations to the customer and executed unsuitable structure product transactions. Financial…
John Stephen Macgowan of New York, New York, a stockbroker formerly registered with Raymond James Financial Services, Inc., was fired on October 2, 2017, based upon accusations that he failed to mark order tickets in accordance with Raymond James procedures. This is not the first time that Macgowan has been terminated from employment based upon allegations…
Alan Robert Rosenberg of Garden City, New York, a stockbroker currently registered with Raymond James & Associates, Inc., is the subject of a customer initiated investment related arbitration claim, where the customer sought $150,000.00 in damages founded on accusations of suitability, negligence, and breach of fiduciary duty with respect to sector-specific stock transactions effected in the…
Michael Paul Massey of Vero Beach, Florida, a stockbroker currently associated with Raymond James & Associates, Inc., is the subject of a customer initiated investment related written complaint, which settled on October 20, 2017, for $25,000.00 in damages supported by accusations that between December 10, 2012 and May 12, 2016, Massey positioned a stock that…
Walter Sanfrid Olsson, of Grand Rapids, Michigan, a stockbroker formerly registered with Raymond James Financial Services, Inc., has been fined and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he sold away from his firm. Letter of Acceptance, Waiver and Consent, No. 2016052628601…
Leon Paul Rehak, of Fort Lauderdale, Florida, a stockbroker formerly registered with Raymond James & Associates, Inc., is the subject of a customer initiated investment related arbitration claim on October 12, 2017, in which the customer requested $499,000.00 in damages founded on allegations that from May 3, 2011 to September 29, 2017, the customer’s account…
Todd Douglas Ryman, of Atlanta, Georgia, a stockbroker formerly registered with Raymond James & Associates, is the subject of a customer initiated investment related written complaint on August 16, 2017, where the customer requested $300,000.00 in damages founded on allegations that between September 6, 2016 and February 13, 2017, Ryman effected unauthorized transactions in a…
Paul Anthony Steffany, of Westport, Connecticut, a stockbroker formerly registered with Raymond James & Associates, Inc., is the subject of an Order Issued by the Banking Commissioner of the State of Connecticut which permanently barred him from engaging in business as an investment advisor, broker-dealer, investment adviser agent, or broker-dealer agent. In the Matter of…
James Edward Lyons, of Shreveport, Louisiana, a stockbroker formerly registered with Raymond James & Associates, Inc., has been named in a customer initiated investment related civil dispute, containing allegations of breach of contract, breach of fiduciary duty, fraudulent omissions, violations of federal securities laws, and violations of the securities laws of the State of Louisiana…
Scott Allen Sibley of Fort Lauderdale, Florida, a stockbroker formerly employed with Raymond James & Associates, is identified in a customer initiated investment related arbitration claim, wherein the customer sought $250,000.00 in damages based upon allegations of breach of contract, breach of fiduciary duty, negligence, fraud, and the violation of Florida’ Securities and Investor Protection Act…
Luis Jacob Alayo Riera, of Miami Beach, Florida, a stockbroker registered with Raymond James & Associates, was fired on December 22, 2016, based upon allegations that he failed to comply with the terms of an internal investigation into his activities involving the facilitation of investment activities away from Raymond James. Financial Industry Regulatory Authority (FINRA)…
Joel Nathan Burstein Jr., of Coral Gables, Florida, a stockbroker registered with Raymond James & Associates, Inc., was terminated from employment on January 27, 2017, based upon the firm’s discovery that Burstein was identified in a customer initiated investment related dispute containing allegations against him of fraud. Financial Industry Regulatory Authority (FINRA) Public Disclosure reveals…
James Edward Lyons, of Shreveport, Louisiana, a stockbroker for Raymond James & Associates, Inc., was terminated from employment on April 28, 2017, based upon a customer’s allegations that Lyons effected trades in the customer’s investment account despite failing to first gain proper authorization from the customer. In response to his denial of any misconduct, his…
Donald Newton McCoy, of Saint Louis, Missouri, a stockbroker registered with Raymond James & Associates, Inc., has been fired from the company on August 12, 2016, based upon allegations that he engaged in outside business activities. Financial Industry Regulatory Authority (FINRA) Public Disclosure reveals that McCoy was also terminated from a prior employer, Merrill Lynch,…
Allyn Lindley Donaubauer, of Fort Smith, Arizona, a stockbroker currently registered with Raymond James & Associates, Inc., has been named in a customer initiated investment related written complaint on April 24, 2017, in which the customer sought damages estimated at $5,000.00 based upon allegations that from July of 2016 to April of 2017, Donaubauer made…
Gabriel Yanez Jr., of Newport Beach, California, a stockbroker formerly registered with Raymond James And Associates, Inc., has been named in a customer initiated investment related arbitration claim on April 12, 2017, in which the customer requested $700,000.00 in damages based upon allegations that Yanez engaged in deceptive trade practices, negligently handled the customer’s investment…
Joanna Espasas of Miami, Florida, a stockbroker formerly registered with Popular Securities, LLC, has been named in a customer initiated investment related arbitration claim on December 21, 2015, in which the customer requested $1,173,866.00 in damages based upon allegations that Espasas made unsuitable recommendations to the customer concerning corporate debt and closed-end funds. The customer…
Peter Chris Marketos, of Paramus, New Jersey, a stockbroker formerly registered with Raymond James & Associates, Inc., has been named in a customer initiated investment related written complaint on March 2, 2017, in which the customer requested more than $5,000.00 in damages based upon allegations that Marketos, from October of 2014 to February of 2016,…
Melody Vuicich Kump, of Austin, Texas, a stockbroker currently registered with Raymond James & Associates, Inc., has been named in a customer initiated investment related written complaint on April 4, 2017, in which the customer requested $24,134.00 in damages based upon allegations that Kump, between 2013 and 2017, engaged in sales practice violations and effected…
Scott Allen Sibley, of Fort Lauderdale, Florida, a stockbroker formerly registered with Raymond James & Associates, Inc., has been permanently barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that Sibley, inter alia, made unsuitable investment recommendations to customers, traded in customer accounts without authorization,…
Lynn Grossman, of Westport, Connecticut, a stockbroker formerly registered with Wells Fargo Advisors, has been named in a customer initiated investment related arbitration claim on March 30, 2017, in which the customer requested $168,000.00 in damages based upon allegations that Grossman made misrepresentations and unsuitable recommendations to the customer concerning a variable annuity that the…
William Cambell Webb, of Panama City, Florida, a stockbroker formerly registered with Raymond James Financial Services, has been fined $15,000.00 and suspended for eighteen months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he engaged in outside business activities and unauthorized loan arrangements with…
Matthew Aaron Bell, of San Antonio, Texas, a stockbroker formerly registered with WFG Investments, Inc., has been named in a customer initiated investment related written complaint, which settled on February 10, 2017, for $43,000.00 in damages based upon allegations that Bell made unsuitable investment recommendations to the customer regarding over-the-counter equity products. Financial Industry Regulatory…
Todd Douglas Ryman, of Atlanta, Georgia, a stockbroker formerly registered with Raymond James & Associates, Inc., has been named in a customer initiated investment related written complaint on February 15, 2017, in which the customer requested $300,000.00 in damages based upon allegations that Ryman committed securities related misconduct in reference to the customer’s transactions regarding…
Joel Nathan Burstein, of Coral Gables, Florida, a stockbroker currently registered with Raymond James & Associates, Inc., has been named in a customer initiated investment related arbitration claim or civil action on March 5, 2016, in which the customer requested $200,000,000.00 in damages based upon allegations including fraud, theft, misappropriation of customer funds, conspiracy to…
John N. Crook, of Macon, Georgia, a stockbroker formerly registered with Raymond James & Associates, Inc., has been named in a customer initiated investment related arbitration claim on August 18, 2016, in which the customer requested $4,800,000.00 in damages based upon allegations including breach of contract, negligence, intentional omissions and misrepresentation, fraud, breach of fiduciary…
Paul McLellan Alexander Jr., of Palm Beach Gardens, Florida, a stockbroker formerly registered with Raymond James & Associates, Inc., has been fined $5,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity after consenting to findings that he effected transactions in customer accounts without authorization. Letter of Acceptance, Waiver…
Claus C. Foerster, of Greenville, South Carolina, a stockbroker formerly registered with Raymond James & Associates, Inc., has been subject to a customer initiated investment related arbitration claim on March 26, 2015, in which the customer requested $509,100.00 in damages based upon allegations that Foerster committed forgery and misappropriated the customer’s monies. FINRA Public Disclosure…
Debra Lambert, of The Villages, Florida, a stockbroker currently registered with Raymond James & Associates, Inc., has been named in a customer initiated investment related arbitration claim on February 13, 2015, in which the customer requested $326,515.64 in damages based upon allegations that Lambert effected excessive and unauthorized trades in the customer’s account, and made…
Paul Anthony Steffany, a Stockbroker with Raymond James, was permanently barred from association with any Financial Industry Regulatory Industry (FINRA) after consenting to findings that he converted funds from his firm’s customer, while also forging the signature on checks made payable to the estate of an individual. Letter of Acceptance, Waiver, and Consent, No. 2014041650301…
Tiffany Danielle Peacock-Asakawa, a former general securities representative with both Raymond James Financial Services, Inc. and Merrill Lynch, was suspended for 10 months from associating with any FINRA-regulated firm in any capacity, while also being subject to a $15,000 fine after consenting to FINRA findings that she had executed trades for customers without being licensed,…
Stealing or the conversion of customer funds is never a good idea, and in fact it is illegal. However, in response to an investigation by the Financial Industry Regulatory Authority that he did just that, Ft. Meyers based, Raymond James & Associates stockbroker Mark A. Bullivant, with the benefit of counsel, of course, decided that…
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…