Six states impose $4.2M fine on Raymond James for excessive fees

Jul 11, 2023 · Six states ordered Raymond James to pay $4.2 million in fines and penalties and return $8.25 million to retail customers who were charged excessive commissions for small …

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Six States Impose $4.2M Fine On Raymond James For Excessive Fees

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Jul 11, 2023 · Six states ordered Raymond James to pay $4.2 million in fines and penalties and return $8.25 million to retail customers who were charged excessive commissions for small …

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InvestmentNews On LinkedIn: Raymond James Fined $4.2M For …

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Six states ordered Raymond James to pay $4.2 million in fines and penalties and return $8.25 million to retail customers who were charged excessive commissions…

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Compliers Consulting Services, LLC On LinkedIn: Raymond James …

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Compliers Consulting Services, LLC 133 followers 1mo InvestmentNews 29,866 followers 1mo Six states ordered Raymond James to pay $4.2 million in fines and penalties and return $8.25 …

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Raymond James To Pay $13M Over High Fees - ThinkAdvisor

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Jul 11, 2023 · The firm agreed to pay $4.5 million in fines to state regulators and to return $8.25 million plus interest to clients.

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Finra Fines Raymond James A Record $17 Million For

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Jun 3, 2016 · The Financial Industry Regulatory Authority Inc. slapped two units of Raymond James Financial Inc. with a record $17 million in fines for widespread compliance failures in …

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Raymond James Agrees To $1.8M In Finra Fines Over

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Sep 3, 2024 · Raymond James is settling with Finra for more than $1.8 million over alleged failures to supervise reporting of customer complaints and monitor 4.7 million mutual fund …

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ThinkAdvisor On LinkedIn: Raymond James Hit With $4.2M Fine …

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BREAKING: A group of state regulators has ordered Raymond James Financial Services Inc. to return $8.25 million to clients who were charged unreasonably high…

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Finra Fines Raymond James A Record $17 Million For Failures In Anti ...

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Jun 3, 2016 · The broker-dealer’s $17 million fine is Finra’s largest ever related to anti-money laundering, according to the self-regulatory organization’s spokeswoman Michelle Ong. Finra …

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Finra Smacks Raymond James With $1.15 Million Penalty

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Oct 21, 2022 · Finra said it fined Raymond James Financial Services Inc., the independent broker-dealer, $800,000 in the matter.

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InvestmentNews On LinkedIn: Raymond James Has Agreed To Pay …

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Raymond James has agreed to pay over $1.8 million in fines and restitution following allegations of supervision failures. The firm reportedly failed to…

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InvestmentNews September 21, 2020: Raymond James Lays Off 500 …

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Sep 19, 2020 · RAYMOND JAMES Financial Inc. said last Tuesday it was cutting 500 jobs, spelling layoffs for 4% of its workforce, to control costs during the pandemic. The job cuts …

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Raymond James' $17M Fine Over Anti-money-laundering

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May 29, 2016 · In the wake of Raymond James' $17M fine, it's time advisers take regulators' focus on this issue seriously, as rules are only going to get stricter.

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Raymond James Could Be On The Hook For $40 Million In ... - LinkedIn

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Raymond James Financial Inc. reveals potential legal and regulatory penalties totaling up to $40 million in its latest annual report. This comes in the wake of…

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LPL Lures $450M Advisor Group From Raymond James

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Oct 16, 2024 · The group, previously affiliated with Raymond James, reported managing approximately $450 million in advisory and brokerage assets.

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FAQs about Six states impose $4.2M fine on Raymond James for excessive fees Coupon?

Will Raymond James pay a $4.2 million fine in Massachusetts?

The order, to which the firm has consented, further demands that Raymond James pay a total of $4.2 million in fines and penalties to the states involved, according to a press release issued by Massachusetts Secretary of State William Galvin, the state’s top securities regulator. ...

Why was Raymond James fined $15 million?

In September of 2019, Raymond James entities were fined $15 million by the Securities and Exchange Commission (SEC) for improperly charging advisory fees on inactive retail client accounts and charging excess commissions to Raymond James brokerage clients. ...

How much did NSD fine Raymond James & Associates?

For example, the National Association of Security Dealers (NASD) fined Raymond James & Associates Inc. and Raymond James Financial Services Inc. $750,000 for violations surrounding its fee-based Raymond James brokerage business, according to the Financial Industry Regulatory Authority (FINRA) and Investopedia. ...

Why did Raymond James settle with FINRA?

Some customer complaints went unreported, and many mutual fund purchases were not reviewed, according to the self-regulatory organization. Raymond James is settling with Finra for more than $1.8 million over alleged failures to supervise reporting of customer complaints and monitor 4.7 million mutual fund purchases between 2012 and 2017. ...

What happened to Raymond James Financial?

Raymond James Financial (NYSE: RJF) added nearly $34 billion of client assets and approximately 200 financial advisers with the completion of its acquisition of U.K.-based Charles Stanley, according to a recent operating data report. ...

How much restitution does Raymond James pay?

Raymond James & Associates will pay a fine of $525,000 and about $26,000 in restitution plus interest. Raymond James Financial Services is paying $1.3 million and restitution of more than $85,000. Earlier this year, two former Raymond James Financial Services advisors were barred from the securities industry by Finra. ...