Raymond James & Associates, Inc. (CRD #705, St. Petersburg, Florida) FINRA censured and fined Raymond James & Associates $22,500. FINRA's findings stated that allegedly Raymond James failed to execute customer limit orders in OTC (over-the-counter) securities after Raymond James traded each security for its own market-making account, and occasionally, failed to execute the order at […]

Recently, the Financial Industry Regulatory Authority (FINRA) ordered Raymond James & Associates, Inc. (RJA) and Raymond James Financial Services, Inc. (RJFS) to pay restitution of $1.69 million to more than 15,500 investors who were charged unfair and unreasonable commissions on securities transactions. FINRA also fined RJA $225,000 and RJFS $200,000.   FINRA found that from […]