MARIO JOSEPH PAYNE was previously registered as a broker and is currently registered as an investment advisor.Payne was previously listed as a broker with RAYMOND JAMES of Jacksonville, Florida, from 05/03/2013 - 02/12/2019. According to the SEC website, Payne is now listed as an investment advisor with TOAMS FINANCIAL of Jacksonville, Florida.
According to FINRA’s BrokerCheck, available on FINRA’s website to the public, MARIO JOSEPH PAYNE has been in the securities industry for 11 years and has been listed with 2 firms. Payne has 6 disclosures on his FINRA CRD report. All 6 disclosures are “Customer Disputes,” 2 were denied and 4 are pending. Three of the disputes were filed in September of 2024 and the fourth was filed in January of 2025. All four customer complaints combined are asking for a total of $13.6 million. The most recent complaint alleges, “Claimants allege FA improperly engaged in a high-risk, illiquid, complex, and unsuitable investment strategy that concentrated them in structured products such as structured notes, and they also allege the products were misrepresented as safe, guaranteed, and insured.” The damage amount requested is $5,000,000.00. Another complaint listed against MARIO JOSEPH PAYNE dated 9/26/2024 alleges, “Claimants allege FA improperly engaged in a high-risk, illiquid, complex, and unsuitable investment strategy that concentrated them in structured products such as structured notes, and they also allege the products were misrepresented as safe, guaranteed, and insured. Allegation Activity Dates: 05/03/2013 - 02/08/2019.” The amount of damage requested is $3,600,000.00. The remaining 2 “Customer Disputes” have similar allegations and were both filed in September of 2024. One is asking for damages of $3,000,000.00 and the other is asking for $2,000,000.00.
To discuss this article or any other securities issues with an experienced securities lawyer at no cost, contact the Florida-based Soreide Law Group at: 888-760-6552.
Soreide Law Group represents our clients nationally before FINRA on a contingency basis.
Investors potentially experienced sales practice violations by securities broker Matthew R. Carbray [CRD: 4565811, Northampton, Massachusetts], based on public information on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Carbray has worked for Kestra Investment Services LLC since July 21, 2006, and Kestra Advisory Services LLC since April 19, 2016. Continue reading to learn more about Carbray’s […]
Investors apparently complained about securities broker Juan Pablo Benavides [CRD: 4288007, Miami, Florida], given the public information found on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Benavides has worked for Merrill Lynch as a securities broker since November 22, 2000, and as a financial advisor since March 15, 2004. See below to find out more about […]
Investors potentially incurred losses because of securities broker Sandy Meyer Leff [CRD: 1796695, Atlanta, Georgia], according to information disclosed through Financial Industry Regulatory Authority (FINRA) BrokerCheck. Leff has worked for Carter Terry Company Inc. as a securities broker since October 6, 2016, and as a financial advisor since October 21, 2016. Keep reading to discover […]
Phone:
Fax: 1-954-760-6553
Email: info@securitieslawyer.com