Raymond James Penalized for Allegedly Failing to Record …

Raymond James Financial has agreed to pay more than $1.9 million to resolve allegations of faulty record-keeping related to customer complaints and mutual fund purchases.

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Raymond James Penalized For Allegedly Failing To Record …

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Raymond James Financial has agreed to pay more than $1.9 million to resolve allegations of faulty record-keeping related to customer complaints and mutual fund purchases.

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Raymond James Financial Settles Allegations Of Inadequate …

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Sep 4, 2024 · Raymond James Financial has agreed to pay over $1.9 million to settle allegations of inadequate record-keeping tied to customer ... and Raymond James Financial Services, its …

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Raymond James & Associates Fined Over $1.9 Million For Failing To ...

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Sep 2, 2024 · Raymond James & Associates (RJA) and its subsidiary have agreed to pay over $1.9 million to settle allegations from the Financial Industry Regulatory Authority (FINRA) that …

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Raymond James Faces $1.9M Fine For Oversight Failures

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Aug 31, 2024 · Settlement and Penalties. Censure and fines: Raymond James & Associates and Raymond James Financial Services agreed to a censure without admitting or denying the …

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SEC.gov | Twenty-Six Firms To Pay More Than $390 Million …

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Aug 14, 2024 · LPL Financial LLC agreed to pay a $50 million penalty; Raymond James & Associates, Inc. agreed to pay a $50 million penalty; ... The failure to maintain and preserve …

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Finra Dings Ex-Raymond James Broker Who Repeatedly Altered …

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Mar 14, 2024 · The Financial Industry Regulatory Authority issued a $5,000 fine and suspended for four months a former Raymond James Financial broker in Vero Beach, Florida for allegedly …

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Raymond James To Pay Nearly $2M For Failure To Report …

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Sep 3, 2024 · Raymond James failed to reasonably supervise the timely reporting of customer complaints, FINRA finds. RJFS also failed to reasonably supervise at least 4.7 million mutual …

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Raymond James Pays $50 Million SEC Fine • St Pete Catalyst

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August 16, 2024 - The U.S. Securities and Exchange Commission (SEC) fined St. Petersburg-based Raymond James and 25 other firms nearly $400 million following an investigation into …

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FINRA Fines Raymond James Nearly $2M For Not Reporting …

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Sep 3, 2024 · FINRA's settlement with Raymond James alleges the firm failed to use forms U4 and U5 to make timely disclosures for roughly 90 complaints between January 2018 and …

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Is Raymond James In Trouble With Unreasonable Commissions?

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May 7, 2024 · According to the public records, Raymond James had to pay over $12 million to settle such allegations (again, without admitting or denying the allegations). ... With respect to …

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Raymond James & Associates: Failure To Supervise

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Sep 3, 2024 · Raymond James, allegedly aware of Dodds’ actions, did not take adequate corrective measures. Dodds faced a cease-and-desist order, a $100,000 civil penalty, and a …

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Raymond James To Pay $500K For Failure To Supervise

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Oct 10, 2022 · Raymond James’ Rep Reportedly Imprisoned after Allegations of Stealing from Elderly Clients According to the Securities and Exchange Commission on September 22, …

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SEC Fines 26 Wealth Management Firms $393 Million For Record …

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U.S. regulators have fined 26 financial services companies more than $390 million for record-keeping violations related to the failure to capture business communications employees made …

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Raymond James Fined For Enabling Client Privacy Violations

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Mar 10, 2016 · In September 2012, FINRA fined Raymond James $250,000 after an employee built a document management system for customer records. But FINRA claimed the firm failed …

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FAQs about Raymond James Penalized for Allegedly Failing to Record … Coupon?

Did Raymond James fail to report customer complaints?

Brokerage industry regulator Finra alleges that Raymond James failed to report numerous customer complaints and didn’t capture records of millions of mutual fund transactions. ...

Why did Raymond James pay $1?

Raymond James Financial has agreed to pay more than $1. Brokerage industry regulator Finra alleges that Raymond James failed to report numerous customer complaints and didn’t capture records of millions of mutual fund transactions. ...

Why did Raymond James go unrecorded?

Additionally, Finra alleges that Raymond James’ supervisory systems allowed more than one million transactions to go unrecorded because employees failed to attribute those transactions to a specific client, a manual process that Finra says was loosely enforced throughout the company. ...

Why did R Aymond James Financial pay $1.9 million?

R aymond James Financial has agreed to pay more than $1.9 million to resolve allegations of faulty record-keeping related to customer complaints and mutual fund purchases. ...

Did Raymond James & Associates evade surveillance?

Brokerage industry self-regulator Finra alleged that two Raymond James organizations—its employee channel, Raymond James & Associates, and its independent broker-dealer, Raymond James Financial Services—failed to properly supervise the complaint-reporting process and allowed millions of mutual fund transactions to evade its surveillance systems. ...

Did Raymond James 'inadvertently use' a data filter?

The other record-keeping issue described in the settlement involved mutual fund purchases made directly from the fund company. Part of the issue involved a data filter Finra says Raymond James has “inadvertently employed” from January 2012 to May 2016. ...