John Raleigh and Summit Brokerage Services Losses?

Did you or someone you know invest money with John Raleigh, a registered broker with Summit Brokerage Services in Sarasota, Florida? If so, the attorneys at Stoltmann Law Offices are interested in speaking with you. Mr. Raleigh was accused of recommending an unsuitable investment in CNL Lifestyle Properties common stock and insurance. He also allegedly recommended an annuity whose distribution “resulted in rates going forward,” experiencing a reduction. These are against securities laws and internal firm rules and regulations. According to his profile online with the Financial Industry Regulatory Authority (FINRA), Mr. Raleigh was previously registered with IDS Life Insurance Company in Minneapolis, Minnesota from April 1993 until September 1998 and American Express Financial Advisors in Minneapolis from April 1993 until September 1998. He is currently registered with Summit Brokerage Services in Sarasota, and has been since September 1998. He has two customer disputes against him, one of which is currently pending.

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