FINRA Sanctions Raymond Jennison

Soreide Law Group is investigating possible investor claims against securities broker Raymond Jennison (also known as Raymond Ellis Jennison Jr.) [CRD: 867502, Dallas, TX]. Evidently, FINRA sanctioned the securities broker, who worked for First Canterbury Securities Inc. Allegedly, Raymond Jennison failed to testify when FINRA investigated the securities broker for potential FINRA rule infractions. Also, an investor reportedly complained about him. Here is a brief summary of allegations against Jennison.

FINRA Sanctions Jennison For Failure To Testify

Evidently, on September 16, 2022, FINRA issued Case: 2020065342802 sanctioning Raymond Jennison for infractions. Specifically, Raymond Jennison was barred as a securities broker, so he cannot work as a broker and in other capacities for FINRA-member firms. Notably, FINRA alleged that Raymond Jennison failed to testify when FINRA investigated the securities broker for potential FINRA rule infractions. The regulator’s rules mandate that brokers cooperate in investigations or else face sanctions including a potential bar (most severe sanction) as securities broker.

Raymond Jennison Disclosed Negligence Allegations By First Canterbury Securities Inc. Client

Also, a client of First Canterbury Securities Inc. contested Raymond Jennison’s sales practices by filing FINRA Arbitration: 08-00684. Allegedly, Jennison made unsuitable recommendations, made misrepresentations to the client, made omissions of material fact, was negligent, breached a fiduciary duty, and failed to supervise registered representatives. It is alleged that Jennison caused the client to sustain damages on equity and income funds. Therefore, First Canterbury Securities Inc. opted to settle the matter on June 18, 2009, by compensating the client in the amount of $40,000. However, the firm and broker admit no liability in this settlement.

First Canterbury Securities Inc. Investor Accused Jennison Of Unauthorized Trading

Additionally, a First Canterbury Securities Inc. client filed FINRA Arbitration: 06-03648 about Raymond Jennison. Namely, the client alleged that Jennison engaged in unauthorized trading and committed forgery. On June 15, 2007, a FINRA Arbitration Panel found in favor of the client.

Jennison Employment Information

Jennison worked for First Canterbury Securities Inc. in Dallas, TX, as a securities broker from December of 1983 to March of 2021.

Did First Canterbury Securities Inc. Securities Broker Raymond Jennison Cause You To Experience Damages?

Have you experienced damages because of securities broker Jennison? If so, contact Soreide Law Group at (888) 760-6552 and talk with a securities attorney about a possible recovery of your investment losses. Soreide Law Group, who has successfully recovered funds for hundreds of investors in all 50 states, represents clients on a contingency fee basis and advances all costs. The firm will take the time to fully understand your situation and will carefully explain your legal options. Jennison and brokerage firms Jennison worked for deny any and all allegations of sales practice violations.