Tag Archives: Raymond James Financial Services Inc.

SEC Obtains Judgement And Bar Against Raymond James Stockbroker

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, […]

Read More »

FINRA Bars Raymond James Stockbroker In Investigation

September 01, 2021  |   Posted by :   |   Customer Loans, Investment and Regulatory News   |   Comments Off on FINRA Bars Raymond James Stockbroker In Investigation

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 […]

Read More »

Investors File Arbitration Claim Against Raymond James For Sale of Unsuitable Investments

August 26, 2021  |   Posted by :   |   Breach of Fiduciary Duty, Failure To Supervise, FINRA Securities Arbitration, Investment and Regulatory News, Unsuitable Investment Recommendations   |   Comments Off on Investors File Arbitration Claim Against Raymond James For Sale of Unsuitable Investments

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. […]

Read More »

Investors Accuse Raymond James Broker Of Manipulating Commissions

August 06, 2021  |   Posted by :   |   FINRA Securities Arbitration, Investment and Regulatory News   |   Comments Off on Investors Accuse Raymond James Broker Of Manipulating Commissions

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 […]

Read More »

Investors File Securities Arbitration Claim Against Raymond James For Unsuitable Recommendations

June 12, 2021  |   Posted by :   |   FINRA Securities Arbitration, Investment and Regulatory News, Unsuitable Investment Recommendations   |   Comments Off on Investors File Securities Arbitration Claim Against Raymond James For Unsuitable Recommendations

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. […]

Read More »

Raymond James Stockbroker Charged By SEC With Fraud

March 31, 2021  |   Posted by :   |   FINRA Securities Arbitration, Investment and Regulatory News, Misappropriation of Funds, Securities Fraud, Stockbroker Theft   |   Comments Off on Raymond James Stockbroker Charged By SEC With Fraud

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. […]

Read More »

New Jersey Revokes Columbia Stockbroker’s License

February 01, 2021  |   Posted by :   |   Customer Loans, Investment and Regulatory News, Selling Away and Outside Activities   |   Comments Off on New Jersey Revokes Columbia Stockbroker’s License

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 […]

Read More »

Investors File Arbitration Claim Against Raymond James

January 19, 2021  |   Posted by :   |   Breach of Fiduciary Duty, FINRA Securities Arbitration, Investment and Regulatory News   |   Comments Off on Investors File Arbitration Claim Against Raymond James

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 […]

Read More »

Raymond James Stockbroker Sanctioned For Taking Funds From Elderly Customer

November 30, 2020  |   Posted by :   |   Customer Loans, FINRA Securities Arbitration, Investment and Regulatory News   |   Comments Off on Raymond James Stockbroker Sanctioned For Taking Funds From Elderly Customer

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. […]

Read More »

Raymond James Terminates Stockbroker For Failure To Supervise

September 30, 2020  |   Posted by :   |   Failure To Supervise, Securities Arbitration Claims   |   Comments Off on Raymond James Terminates Stockbroker For Failure To Supervise

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 […]

Read More »

Investors Sue Raymond James For Stockbroker Theft

April 08, 2020  |   Posted by :   |   Misappropriation of Funds, Stockbroker Theft   |   Comments Off on Investors Sue Raymond James For Stockbroker Theft

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 […]

Read More »

Raymond James Stockbroker Barred In Investigation

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 […]

Read More »

Raymond James Accused Of Misappropriation

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 […]

Read More »

Investors Sue Raymond James For Breach Of Fiduciary Duty

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) […]

Read More »

Raymond James Financial Accused Of Bad Advice

November 24, 2019  |   Posted by :   |   Investment and Regulatory News, Variable Annuites   |   0 Comments

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) […]

Read More »

FINRA Bars Lance Armstrong In Investigation

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 […]

Read More »

Investors Accuse Raymond James Of Misrepresentation

November 15, 2019  |   Posted by :   |   Investment and Regulatory News, Non-traded REITs   |   0 Comments

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 […]

Read More »

Investors Sue Raymond James For Misappropriation

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 […]

Read More »

Investors Sue Raymond James Over Bad Investments

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 […]

Read More »

Morgan Stanley Stockbroker Suspended For Failure To Pay Arbitration Award

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. […]

Read More »

Raymond James Sued By Investors For Negligence

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 […]

Read More »

FINRA Suspends Raymond James Stockbroker For Forgery

April 19, 2019  |   Posted by :   |   Forgery, Investment and Regulatory News   |   0 Comments

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 […]

Read More »

Raymond James Fires Broker For Unit Investment Trust Misconduct

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 […]

Read More »

Raymond James Sued By Investors For Breach Of Fiduciary Duty

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 […]

Read More »

Cambridge Investment Research Blamed For Unsuitable Sale of REITs

March 07, 2019  |   Posted by :   |   Investment and Regulatory News, Non-traded REITs   |   0 Comments

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 […]

Read More »

Raymond James Discharges Broker For Selling Away

January 03, 2019  |   Posted by :   |   Investment and Regulatory News   |   0 Comments

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 […]

Read More »

Raymond James Broker Fired For Outside Business Activity

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 […]

Read More »

Customer Sues Raymond James For Securities Fraud

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 […]

Read More »

Raymond James Accused Of Misconduct

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

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 […]

Read More »

Investors Sue Raymond James For Securities Fraud

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) […]

Read More »