Raymond James Sued

George Edward Mathis (CRD #4271854, The Villages, Florida) has been a registered representative of Raymond James & Associates, Inc. since November 18, 2011. His activities between January 24, 2014 and September 30, 2016 – a time he was employed by Raymond James – resulted in a customer-initiated investment-related arbitration dated May 2, 2018. The customer alleged negligence, breach of fiduciary duty, fraud, breach of contract, misrepresentation, and violation of Financial Industry Regulatory Authority (“FINRA”) Rules. At least $65,000 in damages has been requested. (FINRA Arbitration Case #18-01663).

Customer Alleges George Edward Mathis of Raymond James Committed Fraud

Mathis has disclosed four other customer disputes on FINRA BrokerCheck which contain allegations of unauthorized trading, misrepresentation, violation of NASD and FINRA rules, breach of contract, breach of fiduciary duty, and negligence:
1) On April 28, 2008, an A.G. Edwards & Sons, Inc. customer submitted a written complaint which alleged that the customer was provided inaccurate information about a variable annuity investment. Damages were estimated at more than $5,000. The complaint was closed as of April 29, 2010.
2) On November 11, 2011, a customer of Wells Fargo Advisors, LLC alleged that there was an unauthorized sale of the customer’s stock position; the customer never granted permission for the transaction. The customer apparently requested more than $5,000 in damages. The complaint was denied by the firm on December 28, 2011.
3) On August 24, 2015, a Raymond James & Associates, Inc. customer brought a complaint averring that from May through August 2015, municipal debt, mutual funds, stock and real estate investment trust products were misrepresented to the customer. $17,946 in damages were alleged. The complaint has been closed as of September 15, 2015.

4) On August 17, 2016, two customers of Raymond James brought an arbitration in which the customers raised allegations against Mathis and Raymond James of unsuitability, omissions, misrepresentation, violation of NASD Conduct Rule 301(a), breach of fiduciary duty, breach of contract, negligence, and vicarious liability. The allegations relate to the customer’s equity investments and either an investment in a direct participation program or limited partnership interests. The arbitration was settled for $70,000 on October 24, 2017.
If you have suffered losses by investing with George Edward Mathis or another broker that sold you investments that were misrepresented or unsuitable for you, call (888) 760-6552 for a free consultation with Soreide Law Group’s experienced counsel. Our firm has recovered millions of dollars for investors who have been victim to broker and brokerage firm misconduct. We represent clients on a contingency fee basis and advance all costs.