Tag Archives: Raymond James Financial Services Inc.

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. […]

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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 […]

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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 […]

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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 […]

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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 […]

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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) […]

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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) […]

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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 […]

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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 […]

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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 […]

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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 […]

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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. […]

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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 […]

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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 […]

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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 […]

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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 […]

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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 […]

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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 […]

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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 […]

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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 […]

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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 […]

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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) […]

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Raymond James Stockbroker Fired For UIT Misconduct

Robert Bartlett Roach III of Little Rock Arkansas a stockbroker formerly employed by Raymond James Financial Services Inc. and advisor with Raymond James Financial Services Advisors Inc. has been discharged by the firm on May 7, 2018 supported by allegations that Roach effected unit investment trust and syndicate trades in customer accounts despite the transactions […]

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Raymond James Broker Suspended For Unauthorized Trading

March 11, 2018  |   Posted by :   |   Investment and Regulatory News, Unauthorized Trading   |   0 Comments

A stockbroker from Kingston Pennsylvania formerly registered with Raymond James Financial Services Inc. was fined five thousand dollars and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he engaged in discretionary trading without having received customers’ written authorization. Letter of Acceptance Waiver and […]

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Raymond James Broker Fined For Unauthorized Trading

November 28, 2017  |   Posted by :   |   Investment and Regulatory News, Unauthorized Trading   |   0 Comments

Robert Francis Leis of Louisville, Kentucky, a stockbroker formerly registered with Raymond James Financial Services, Inc., has been fined $50,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he placed trades in customers’ investment accounts without their consent. Letter of Acceptance, Waiver and […]

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Raymond James Stockbroker Suspended For Selling Away

November 21, 2017  |   Posted by :   |   Selling Away and Outside Activities   |   0 Comments

Robert Jeffrey Scherzer, of New York, New York, a stockbroker formerly registered with Raymond James Financial Services, Inc., has been fined $5,000.00 and suspended for three months 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, […]

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Raymond James Sued For Fake Authorizations

October 05, 2017  |   Posted by :   |   Investment and Regulatory News   |   0 Comments

Gregory Perrone, of Hernando, Florida, a stockbroker currently registered with Raymond James Financial Services, Inc., is the subject of a customer initiated investment related written complaint on May 8, 2017, in which the customer sought $42,179.00 in damages supported by allegations that Perrone caused the customer to furnish account transfer forms that he knew contained […]

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Raymond James Sued For Breach of Fiduciary Duty

August 31, 2017  |   Posted by :   |   Breach of Fiduciary Duty   |   0 Comments

Jerry Wayne Devins, of Louisville, Kentucky, a stockbroker formerly registered with Raymond James Financial Services Inc., is the subject of a customer initiated investment related arbitration claim, in which the customer was awarded $500,000.00 in damages on March 30, 2017, based upon allegations that Devins breached his fiduciary duties to the customer. Financial Industry Regulatory […]

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Regulator Suspends Raymond James Broker For Selling Away

Fan Kam Yip, of Mercer Island, Washington, a stockbroker formerly registered with Raymond James Financial Services, Inc., has been fined $5,000.00 and suspended for three months 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 […]

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Raymond James Stockbroker Fired For Misconduct

April 10, 2017  |   Posted by :   |   Investment and Regulatory News   |   0 Comments

Nick Morgan Campbell, of Irving, Texas, a stockbroker with Raymond James Financial Services, Inc., was terminated from employment based upon allegations that Campbell committed violations of Raymond James’ policies and procedures. Financial Industry Regulatory Authority (FINRA) Public Disclosure reveals that Campbell has been identified in three customer initiated investment related disputes containing allegations of his […]

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