Tag Archives: Raymond James & Associates Inc

Investors Bring Claims Against Raymond James For Unsuitable Energy Recommendations

October 08, 2020  |   Posted by :   |   Securities Arbitration Claims, Unsuitable Investment Recommendations   |   Comments Off on Investors Bring Claims Against Raymond James For Unsuitable Energy Recommendations

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 […]

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Raymond James Stockbroker Sanctioned For Unauthorized Trading

September 14, 2020  |   Posted by :   |   Unauthorized Trading   |   Comments Off on Raymond James Stockbroker Sanctioned For Unauthorized Trading

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 […]

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Stockbroker Barred For Non Payment Of Employer’s Arbitration Award

April 23, 2020  |   Posted by :   |   Investment and Regulatory News   |   Comments Off on Stockbroker Barred For Non Payment Of Employer’s Arbitration Award

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 […]

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Raymond James Stockbroker Barred In Investigation

April 08, 2020  |   Posted by :   |   Breach of Fiduciary Duty, Excessive Trading, Securities Arbitration Claims   |   Comments Off on Raymond James Stockbroker Barred In Investigation

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). […]

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Raymond James Sued By Investors For Fraud

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 […]

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Raymond James Sued By Investors For Fraud

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 […]

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Raymond James Sued By Investors For Failure To Supervise

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 […]

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FINRA Sanctions Raymond James Stockbroker

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 […]

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Raymond James Stockbroker Charged With Obstruction Inquiry

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 […]

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Raymond James Stockbroker Sanctioned For Unauthorized Trading

November 24, 2019  |   Posted by :   |   Investment and Regulatory News, Unauthorized Trading   |   0 Comments

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 […]

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FINRA Bars Raymond James Stockbroker In Churning Investigation

November 01, 2019  |   Posted by :   |   Churning, Excessive Trading, Investment and Regulatory News   |   0 Comments

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 […]

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Raymond James Stockbroker Barred For Failure To Cooperate

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 […]

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FINRA Bars Raymond James Stockbroker In Investigation

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 […]

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Raymond James Stockbroker Admits To Unauthorized Trading

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 […]

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Investors Blame Raymond James For Bad Investment Advice

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 […]

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Investors Accuse Raymond James Of Churing

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 […]

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Investors Accuse Raymond James Of Churning

Ryan Davis Wold of Edina Minnesota a stockbroker formerly employed by Raymond James Associates Inc. is the subject of a customer initiated investment related written complaint which was settled for $27,000.00 on June 28, 2018 supported by accusations that between 2014 and 2017: (1) transactions were effected in the customer’s account that were not suitable […]

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Raymond James Broker Charged With Hindering Investigation

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 […]

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Raymond James Broker Fired For Falsifying Customer Information

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 […]

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Raymond James Sued By Investors For Theft

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 […]

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Raymond James Discharges Broker For Unauthorized Trading

David Mark Waddle of Destin Florida a stockbroker formerly employed by Raymond James Associates Inc. has been discharged by Raymond James on June 5, 2017 based upon allegations that Waddle (1) admitted to exercising discretion in customer accounts by placing trades without speaking with those customers beforehand and (2) neglected to inform Raymond James Associates […]

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FINRA Fines Raymond James Broker For Poor Recommendations

October 22, 2018  |   Posted by :   |   Investment and Regulatory News, Over Concentration   |   0 Comments

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 […]

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Raymond James Broker Barred In Investigation

July 31, 2018  |   Posted by :   |   Investment and Regulatory News   |   0 Comments

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 […]

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Raymond James Stockbroker Terminated For Cause

June 12, 2018  |   Posted by :   |   Investment and Regulatory News   |   0 Comments

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 […]

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Raymond James Accused Of Unauthorized Transactions

March 11, 2018  |   Posted by :   |   Investment and Regulatory News, Non-traded REITs   |   0 Comments

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 […]

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Raymond James Broker Barred For Stealing

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 […]

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Customer Sues Raymond James For Securities Fraud

November 07, 2017  |   Posted by :   |   Over Concentration, Securities Fraud   |   0 Comments

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 […]

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Raymond James Terminates Stockbroker For Fraud

August 02, 2017  |   Posted by :   |   FINRA Securities Arbitration   |   0 Comments

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 […]

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Raymond James Fires Real McCoy

July 29, 2017  |   Posted by :   |   Selling Away and Outside Activities   |   0 Comments

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, […]

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Raymond James Named In Annuity Complaint

July 05, 2017  |   Posted by :   |   Investment and Regulatory News, Variable Annuites   |   0 Comments

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 […]

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