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.
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.
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.
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.
Soreide Law Group is investigating potential investor claims involving InPoint Commercial Real Estate Income Inc. (“InPoint”), a non-traded REIT that reported declining net asset values, substantial portfolio reductions, suspended share repurchases, and mounting commercial real estate-related issues that may have negatively impacted investors. InPoint primarily invested in floating-rate first mortgage loans secured by commercial properties, […]
Soreide Law Group is investigating potential investor claims involving National Healthcare Properties Inc. (“NHP”), formerly Healthcare Trust Inc., after the healthcare REIT’s April 2026 Nasdaq IPO priced well below expectations and highlighted steep losses for many earlier investors in the non-traded REIT. National Healthcare Properties owns senior housing communities and outpatient medical facilities throughout the […]
Soreide Law Group is investigating potential investor claims involving possible sales practice violations by securities brokers and financial advisors related to recommendations of Spring Hills Holdings investments. Spring Hills Holdings is a senior care and healthcare-related private investment that may have exposed investors to substantial risks, including illiquidity and possible loss of principal. Investors should […]
Phone:
Fax: 1-954-760-6553
Email: info@securitieslawyer.com