Tag Archives: Raymond James & Associates

Raymond James Accused Of Unauthorized Annuity Purchases

October 08, 2021  |   Posted by :   |   Investment and Regulatory News, Unauthorized Trading, Variable Annuites   |   Comments Off on Raymond James Accused Of Unauthorized Annuity Purchases

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 […]

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Raymond James Stockbroker Sanctioned For Customer Loans

June 24, 2020  |   Posted by :   |   Customer Loans   |   Comments Off on Raymond James Stockbroker Sanctioned For Customer Loans

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 […]

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Raymond James Sued By Investors In $21 Million Ponzi Scheme

May 13, 2020  |   Posted by :   |   Ponzi Schemes, Securities Arbitration Claims   |   Comments Off on Raymond James Sued By Investors In $21 Million Ponzi Scheme

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. […]

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FINRA Bars Raymond James Stockbroker In Investigation

April 18, 2020  |   Posted by :   |   Investment and Regulatory News, Selling Away and Outside Activities   |   Comments Off on FINRA Bars Raymond James Stockbroker In Investigation

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 […]

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Raymond James Discharges Stockbroker For UIT Trades

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 […]

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Raymond James Sued By Investors For Breach Of Contract

Adam Saul Frankfort of New York New York a stockbroker currently employed by Raymond James Associates Inc. is the subject of a customer initiated investment related arbitration claim where the customer sought $1,000,000.00 in damages based upon accusations that when Frankfort was associated with Raymond James and former securities broker dealer Deutsche Bank Securities: (1) […]

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Raymond James Broker Barred In Investigation

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 […]

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Raymond James Broker Barred For Ignoring FINRA

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

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). […]

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Customer Accuses Raymond James Of Misrepresentation

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

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) […]

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Raymond James Broker Fired For Trust Mismanagement

July 16, 2018  |   Posted by :   |   Investment and Regulatory News   |   0 Comments

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. […]

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Investors Sue Raymond James For Securities Fraud

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 […]

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Raymond James Broker Barred For Hindering Investigation

June 21, 2018  |   Posted by :   |   Investment and Regulatory News, Unauthorized Trading   |   0 Comments

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 […]

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Raymond James Accused of Unsuitable Recommendations

May 01, 2018  |   Posted by :   |   Investment and Regulatory News   |   0 Comments

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, […]

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Raymond James Sued By Customer For Misrepresentation

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 […]

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Customer Sues Raymond James For Breach Of Contract

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 […]

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Raymond James Sued For Breach Of Fiduciary Duty

January 10, 2018  |   Posted by :   |   Breach of Fiduciary Duty, Investment and Regulatory News   |   0 Comments

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 […]

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Customer Sues Raymond James For Unsuitable Recommendations

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 […]

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Customer Sues Raymond James For Securities Fraud

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 […]

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Raymond James Named In Customer Complaint

November 21, 2017  |   Posted by :   |   Non-traded REITs, Unauthorized Trading   |   0 Comments

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 […]

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Customer Sues Raymond James For Securities Fraud

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 […]

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Raymond James Fires Broker During Investigation

September 15, 2017  |   Posted by :   |   Selling Away and Outside Activities   |   0 Comments

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) […]

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Raymond James Stockbroker Fired For Unauthorized Trading

July 29, 2017  |   Posted by :   |   Investment and Regulatory News, Unauthorized Trading   |   0 Comments

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 […]

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Wells Fargo Advisors Sued By Customer For Unsuitability

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 […]

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