Articles Tagged with Raymond James

AdobeStock_82110313-1-300x125Public records with the Financial Industry Regulatory Authority (FINRA) state that Troy, Michigan-based LM Kohn & Company broker Dainforth French has resolved or pending customer complaints within the industry. Dainforth French allegedly was liable as a control person for wrongdoing by a registered representative, failed to properly manage his accounts resulting in losses, misrepresented material facts, committed fraud, violated the Michigan Uniform Securities Act, breached fiduciary duty, and failed to reasonably supervise a representative. These are all against securities laws and internal firm rules. A brokerage firm such as LM Kohn & Company may be liable for investment losses on a contingency fee basis because the firm has a duty to reasonably supervise its representatives in order to make sure they do not violate securities laws. Investment losses may be recoverable in the FINRA arbitration forum on a contingency fee basis if a registered representative such as Mr. French violates those rules.
Dainforth French was previously registered with Raymond James in St. Petersburg, Florida from June 1998 until September 2000, Donnelly Penman & Partners in Grosse Pointe, Michigan from January 2001 until October 2004, and Leonard & Company in Troy, Michigan from October 2004 until September 2012. He is currently registered with L.M. Kohn & Company in Troy, and has been since September 2012. He has four customer disputes against him, two of which are currently pending, and four financial matters, one of which is pending. This is according to his public, online FINRA BrokerCheck report.

AdobeStock_91053286-1-300x194According to a recent FinancialPlanning article, former Woodbury Financial and Questar broker Kevin Wanner will face prison time and forfeiture of assets, including real estate proceeds and his car. Wanner pleaded guilty to mail fraud and money laundering. He allegedly orchestrated a 15-year ponzi scheme involving CDs and investment funds, according to the North Dakota Securities Department. Quester and Woodbury, his former firms, have agreed to pay at least $3 million in restitution. Wanner allegedly had 66 victims, including several of his family members, and is one of the state’s largest ever securities fraud cases. Questar fired Wanner in December 2015 after North Dakota state regulators issued a cease-and-desist order. Questar agreed to a $2.4 million settlement in August. State regulators revoked Wanner’s license in December 2015 after they alleged he did not properly disclose CDs to Questar and depositing the money clients intended for the CDs into accounts controlled by him. He was then barred from the industry by the Financial Industry Regulatory Authority (FINRA) the following month. Wanner allegedly co-mingled his personal and business accounts and spent the money on things like a 2011 Mustang and home renovations.
Wanner was previously registered with Amev Investors, F&G Securities, John Kinnard & Company, Edward Jones, A.G. Edwards, Anchor National Financial Services, SunAmerica Securities, Merrill Lynch, LM Financial Partners, Raymond James, USAllianz Securities, Questar Capital Corp in Bismarck, North Dakota from December 2006 until August 2010, Woodbury Financial Services in Bismarck from August 2010 until December 2012 and Questar Capital Corp in Bismarck from December 2012 until December 2015. He has one customer dispute against him, alleging he defrauded a client out of $200,000, and two regulatory matters. He has been permanently barred from the industry. This is all according to his online, FINRA BrokerCheck report. Please call us today to find out how you may be able to sue Questar or Woodbury in the FINRA arbitration forum on a contingency fee basis if you lost money with Kevin Wanner. His brokerage firm may be liable for losses.

AdobeStock_78306447-1-300x199According to a Decision heard before the Financial Industry Regulatory Authority (FINRA), former Morgan Stanley broker Kenneth Mathieson was suspended for one year in all capacities and fined $50,000 for participating in private securities transactions and engaging in outside business activities without prior written notice to, and permission from, Morgan Stanley. FINRA also found that he submitted a false compliance questionnaire to the firm. In 2013, Morgan Stanley found that Mathieson had engaged in certain activities in connection with a company running an online education business, Aspen University, a private, for-profit school offering online degrees. He also personally invested in Aspen, up to a total of $66,000. He also made purchases in Aspen for his children totaling $30,550, and did not provide Morgan Stanley with notice of this. Mathieson expected to join Aspen’s board of directors and to receive stock options in the company because of his involvement with it. Shortly after Morgan Stanley found this, Mathieson was suspended and then terminated. This was against securities laws and internal firm rules. A broker must not engage in outside business activities.
Kenneth Mathieson, according to his online, public BrokerCheck report with FINRA, was previously registered with Prudential Securities Inc. in New York, New York from September 1987 until November 1999, Citigroup Global Markets in New York from November 1999 until June 2009, Morgan Stanley in New York from June 2009 until April 2014 and Raymond James in New York from June 2014 until March 2017. He is currently registered with Laidlaw & Company in New York, and has been since February 2017. He has two customer disputes against him, alleging that he falsely and fraudulently induced claimants to hold on to positions they would have otherwise have sold, breach of fiduciary duty, and failure to supervise, and that he was involved in illegal activities involving a customer’s account including unauthorized trading.
Please call our securities law offices in Chicago today if you suffered losses with Kenneth Mathieson. You may be able to bring a claim against Morgan Stanley on a contingency fee basis in the FINRA arbitration forum. Attorneys are standing by to take your call and there is no obligation with it.

According to records with the Financial Industry Regulatory Authority (FINRA), Raymond James broker Clifford Vatter allegedly made unsuitable investment recommendations, misrepresented and omitted material facts, breached fiduciary duty, made unauthorized withdrawals, and other things. These are all against securities laws and internal firm rules. A broker such as Mr. Vatter must take into account a client’s age, net worth, investment objectives and investment sophistication before recommending or selling an investment. If he does not, his brokerage firm may be liable for investment losses on a contingency fee basis, which means we only make money if you recover yours. Raymond James has claims brought against it in the FINRA arbitration forum for allowing its brokers to violate securities laws.

According to online reports with FINRA’s BrokerCheck, Clifford Vatter was registered with J.C. Bradford & Co. in New York, New York from June 1983 until August 2000, UBS in Weehawken, New Jersey from August 2000 until May 2002, Morgan Keegan in Louisville, Kentucky from June 2002 until February 2013 and Raymond James in Louisville, from February 2013 until August 2017. He has six customer disputes against him, and is not currently registered as a broker.

AdobeStock_762441-1-300x225According to multiple complaints filed with the Financial Industry Regulatory Authority (FINRA), Todd Douglas Ryman has been subject to several disclosures on his record, including allegations of unauthorized trading, unsuitable trading, misrepresentation of material facts, and other transgressions. He was also accused of selling an unsuitable Private Equity fund. These are all against securities laws and regulations. His former firm, Raymond James, and his current firm, SunTrust Investment Services, can be sued in the FINRA arbitration forum on a contingency fee basis for losses. The call to our securities law offices is free with no obligation so please call today for a consultation with one of our attorneys.
He was previously registered with Josephthal & Co. in New York, New York from February 1996 until July 1998, UBS in Weehawken, New Jersey from July 1998 until October 2002, Banc of America Investment Services in Atlanta, Georgia from October 2002 until October 2009, Merrill Lynch in Atlanta from October 2009 until May 2011, Deutsche Bank in Atlanta from May 2011 until September 2016 and Raymond James in Atlanta from September 2016 until February 2017. He is currently registered with SunTrust Investment Services in Atlanta and has been since February 2017. He has six customer disputes against him, two of which are currently pending.

AdobeStock_50775754-2-300x200You are. Raymond James can be sued in the Financial Industry Regulatory Authority (FINRA) arbitration forum on a contingency fee basis if you lost money with one of its brokers. William McWilliams, a former broker with Raymond James, recently entered into a Letter of Acceptance, Waiver and Consent (AWC) with FINRA, wherein he was accused of exercising discretionary trading authority without obtaining prior written authorization from his customer and the firm. This allegedly occurred at least 28 times in eight customer accounts. This is against securities rules and regulations, and, on February 27, 2015, Mr. McWilliams was terminated from the firm for violation of firm policies. He was also fined $7,500 and suspended for 10 days from the industry.
William McWilliams was previously registered with Waddell & Reed in Springfield, Massachusetts from September 2007 until February 2013 and Raymond James in Jefferson City, Missouri from January 2013 until March 2015. He is currently registered with Stifel, Nicolaus & Company in Columbia, Missouri and has been since April 2015, according to his FINRA public records. Please call our securities law firm today at 312-332-4200 to find out how to bring a claim against Raymond James if you suffered losses with William McWilliams. We take cases on a contingency fee basis only, so we only are paid if you recover your investment losses. The call is free with no obligation. We can help you sue Raymond James in the arbitration forum. We are based in Chicago, Illinois.

Stoltmann Law Offices is investigating Ciro Cavazos, a former Raymond James advisor. He was recently terminated from the firm. He allegedly borrowed money from a client without providing disclosure to Raymond James. Cavazos also allegedly misrepresented material facts related to an investment, and made unauthorized withdrawals that resulted in a tax liability. If you have lost money investing with Ciro Cavazos, also known as Nicholas Cavazos, please call our securities law firm at 312–332–4200 to speak to an attorney. The call is free. We may be able to help you bring a claim against his former firm, Raymond James. Cavazos was registered with Merrill Lynch in Chico, California from October 2007 until November 2007, A.G. Edwards & Sons in Paradise, California from October 2001 until January 2008, Wachovia Securities in Chico from January 2008 until November 2008, Edward Jones in Paradise from October 2008 until July 2011 and Raymond James in Chico from July 2011 until March 2016.

AdobeStock_112465076-1-300x164You can recover Scott Sibley investment losses by calling our Chicago and Barrington, Illinois-based law firm at 312-332-4200 to speak with an attorney for a no-cost, no-obligation consultation. We sue firms like Raymond James, Sibley’s former firm, in the Financial Industry Regulatory Authority (FINRA) arbitration process on a contingency fee basis, which means we only make money if you recover yours. Please call today as there is a statute of limitations on most cases. Attorneys are standing by.
Scott Allen Sibley was recently barred from the securities industry by FINRA after allegedly making unauthorized trades for one customer, and making unsuitable recommendations to 10 customers and then creating false records of the trades, according to a recent InvestmentNews article. He was terminated from Raymond James, where he worked from November 2007 until February 2015, after the firm received multiple complaints that he allegedly used “unauthorized trading and improper use of time and price discretion.” In on instance, Mr. Sibley initiated 900 securities purchases and sales in the cutomer’s two accounts without authorization, knowledge or consent. 139 of these involved equity options where Sibley sold uncovered put option contracts or closed put options contracts without written authorization, causing a margin debt balance. The particular customer was 67 years and wanted to preserve his capital and general income. This is against securities laws.
According to his BrokerCheck report, Sibley was registered with Prudential Securities Inc., Salmon Smith Barney, Janney Montgomery Scott, Raymond James in Fort Lauderdale, Florida and Moors & Cabot. He has 17 customer disputes against him, two of which are currently pending. He has been permanently barred from the industry.

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Recently, the Certified Financial Planner Board of Standards (CFP) imposed a suspension of Michael Breton’s CFP certification. The Securities and Exchange Commission (SEC) also barred him from association with any broker, dealer, investment adviser, municipal securities dealer, municipal advisor, transfer agent or nationally recognized statistical rating organization. The SEC alleged that Mr. Breton placed over $100 million in securities trades through his firm, Raymond James, but did not designate whether those trades would be allocated to client accounts or his accounts. The SEC alleged that Mr. Breton “cherry-picked” the profitable trades for his accounts and the non-profitable ones for the clients, misleading them and breaching fiduciary duty. He allegedly made more than $1.3 million in trades that he did not allocate to client accounts. These are all against securities laws.

Mr. Breton was registered with Raymond James Financial Services in St. Petersburg, Florida from September 1999 until June 2000. He has one civil charge against him and one criminal pending charge, according to his online Financial Industry Regulatory Authority (FINRA) BrokerCheck report. He has been barred from the industry. Raymond James may be held liable for financial losses because the firm had a duty to reasonably supervise Mr. Breton while he was registered there. We are securities attorneys who may be able to help you bring a claim against Raymond James on a contingency fee basis in order to recover your losses. 312-332-4200. Please call today.

AdobeStock_9577728-1-300x200According to a recent Letter of Acceptance, Waiver and Consent (AWC) with the Financial Industry Regulatory Authority (FINRA), William Webb allegedly engaged in four outside business activities involving firm customers without providing written notice to his firm, Raymond James. This occurred between December 2010 and August 2015, and, on six occasions, Webb borrowed money from three firm customers during this time period. This is against securities laws. For this, he was fined $15,000 and suspended from the industry for 18 months. Webb was registered with Power Securities Corp, HT Fletcher Securities Inc., Investment Management & Research Inc., AG Edwards & Sons, UVest Financial Services Group and Raymond James in Panama City, Florida from November 2009 until September 2015. He has two customer disputes against him. He is currently not registered within the industry, according to his online FINRA BrokerCheck report. Please call 312-332-4200 today to find out how you can bring a claim against Raymond James in the FINRA arbitration forum on a contingency fee basis to recover William Webb losses.

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