FINRA Issues Suspension To Ellen Reynard

Soreide Law Group is investigating possible investor claims against securities broker Ellen Gayle Reynard (CRD: 6148906, Beaumont, Texas). Evidently, FINRA sanctioned the securities broker, who worked for Raymond James Financial Services Inc. Allegedly, Reynard falsified client information. Here is a brief summary of FINRA’s allegations against Reynard.

FINRA Suspends Reynard For False Client Information

Particularly, on November 10, 2022, FINRA issued Acceptance, Waiver, and Consent No. 2021072841801 sanctioning Ellen Reynard for infractions. Specifically, Reynard was suspended for five months and fined $5,000. Evidently, FINRA alleged that Reynard falsified client information.

Evidently, Reynard agreed to the sanctions without admitting or denying the findings. FINRA’s findings state that she falsified forms to facilitate money transfers requested by her clients, which she submitted to her member firm. Supposedly, Reynard instructed the clients to sign incomplete or blank forms, but she did not complete or submit them when she obtained their signatures. Instead, she allegedly retained the blank forms with the clients' signatures, later photocopying, completing, and submitting them to the firm as per the clients' requests. Allegedly, through the falsification of forms linked to money transfers from client accounts, Reynard caused the firm to maintain inaccurate financial records.

Raymond James Financial Services Inc. Disaffiliates With Ellen Reynard

Evidently, on September 28, 2021, Raymond James Financial Services Inc. disaffiliated with Reynard. Particularly, Raymond James Financial Services Inc. alleged that Reynard violated industry conduct standards.

Reynard Employment Information

• Reynard worked for Raymond James Financial Services Inc. in Beaumont, Texas as a securities broker from April 16, 2013, to October 13, 2021.

Did Raymond James Financial Services Inc. Securities Broker Reynard Cause You To Experience Damages?

Have you incurred damages by investing with Ellen Reynard? If so, contact Soreide Law Group at (888) 760-6552 and speak with a securities attorney about a possible recovery of your losses. Soreide Law Group, who has successfully recovered money for hundreds of investors across the United States, represents clients on a contingency fee basis and advances all costs. Reynard and investment firms Reynard worked for deny any allegations of sales practice violations.