Marion Adams Expelled By FINRA As Securities Broker

FINRA barred Marion Strickler Adams III (also known as Ma'on Adams) [CRD: 1392435, Mobile, Alabama], and an investor complained about the securities broker, according to disclosures on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Evidently, Marion Adams worked for Raymond James Associates Inc. from February 13, 2013, to November 5, 2021, and for The Jeffrey Matthews Financial Group, L.L.C. from January 19, 2022, to March 5, 2024. Below, investors can find a summary about the disclosures involving this securities broker.

Background Of The Investigation

On March 5, 2024, FINRA barred Marion Adams following an investigation into his conduct. Case No. 2021073056501. Supposedly, the regulator’s investigation began after it reviewed a Uniform Termination Notice (Form U5) filed by Raymond James Associates Inc., where Adams had been employed as a securities broker. The termination notice reported that Adams had resigned after the firm received a complaint from an executor of an estate, alleging that Adams might have potentially misappropriated estate assets while serving as executor.

Allegations Of Marion Adams’ Refusal To Cooperate With FINRA

On December 22, 2023, FINRA requested that Adams appear for testimony on February 6, 2024. Adams, through his lawyer, notified FINRA on February 7, 2024, that he would not comply with the request to testify. Therefore, he violated FINRA Rules 8210 and 2010, which mandate that securities brokers must cooperate fully with FINRA's investigative processes.

Raymond James Associates Inc. Investor Accused Marion Adams Of Sales Practice Violations

Also, on July 6, 2021, a Raymond James Associates Inc. client filed a complaint about Marion Adams. The client alleged potential sales practice violations. Because of this, the investor supposedly sustained damages. As a result, they requested an estimated $100,000 in compensation from Raymond James Associates Inc. or Adams. However, the complaint was closed with no action on February 23, 2022.

Experience Financial Harm Due To Securities Broker Adams?

Did you suffer financially because of Marion Adams? If so, contact Soreide Law Group online or at (888) 760-6552 and talk with a securities attorney concerning a possible recovery of your investment losses. Soreide Law Group has recovered losses for investors throughout the United States, works on a contingency fee basis, and advances all costs. Adams and the brokerage firms he worked for deny accusations of sales practice violations.