Raymond James Clients File Disputes About Securities Broker John Cassandra
Soreide Law Group provides you with the following information in regard to securities broker John Edward Cassandra (CRD#: 4270866, Boynton Beach, FL). Evidently, Cassandra, who works for Raymond James Financial Advisors as financial advisor (2009 to present) and securities broker (2004 to present), is involved in investment disputes. It appears that investors alleged damages because of unsuitable transactions. Let’s take a closer look at these disclosures about Cassandra.
Raymond James Financial Services Client Alleges Unsuitable Investments In Dispute About John Cassandra
Evidently, a client of Raymond James Financial Services came forward in February 2020 with a FINRA Arbitration Claim about John Cassandra. Mainly, the client alleged that the securities broker had the client invest in an unsuitable equity. It appears that the client invested in a concentrated equity position from January 2001 to March 2017. For this reason, Raymond James Financial Services opted to settle this matter through making a $14,999 payment to the client.
Cassandra’s Client At Raymond James Alleges Nondisclosures Regarding Variable Annuity
Also, a Raymond James Financial Services client expressed concerns about John Cassandra through an April 2017 dispute. Specifically, the client contended that Cassandra did not disclose a variable annuity contingent deferred sales charge. Evidently, they bought the John Hancock variable annuity through Cassandra in April 2017. Allegedly, the client sustained $10,000 in damages because of this omission. However, Raymond James Financial Services denied the client’s dispute.
Raymond James Investor Alleges Breach Of Fiduciary Duty, Negligence In Dispute About Securities Broker
In the first dispute reported on John Cassandra’s BrokerCheck record, a Raymond James Financial Services client alleged securities violations. Specifically, the FINRA Arbitration Claim contains allegations of the violation of Florida statutes and violation of the Securities Exchange Act. Supposedly, the securities firm or broker acted in breach of fiduciary duty and breach of contract too. For this reason, the client obtained $12,500 in compensation through a settlement with the firm.
Did You Sustain Damages By Investing Through John Cassandra?
Did securities broker John Cassandra cause you to suffer losses or damages at Raymond James Financial Services? If so, call Soreide Law Group at (888) 760-6552 and speak with a well-informed securities lawyer about a potential recovery of your losses. Soreide Law Group represents clients on a contingency fee basis and advances all costs. The firm has helped hundreds of investors across the country recover losses caused by their financial advisors and securities brokers. According to BrokerCheck, John Cassandra denies all allegations of his sales practice violations.