Highest Paying Broker/Dealers Ranked by average payout per rep, per year 1.Ameriprise Financial Services Inc. 2.Commonwealth Financial Network 3.VSR Financial Services Inc. 4.Geneos Wealth Management Inc. 5.Wells Fargo Advisors Financial Network Largest Broker/Dealers Ranked by revenue 1.LPL Financial LLC 2.Ameriprise Financial Services Inc. 3.Raymond James Financial Services Inc. 4.Lincoln Financial Network 5.Commonwealth Financial Network Broker/Dealer […]

The following information was obtained on FINRA’s website under “Disciplinary and Other FINRA Actions, June, 2013,” by Soreide Law Group, a Securities Arbitration Law Firm, (888) 760-6552. Raymond James & Associates, Inc. (CRD #705, St. Petersburg, Florida) was censured, fined $27,500 and required to revise its WSPs regarding compliance with NASD Rule 2440 and IM-2440. […]

Raymond James, FINRA ID # 11-03503 (Bradenton, FL, 8/21/2012) A split FINRA arbitration panel awarded $985,700, including triple damages, to an elderly customer on his misappropriation claim. This award against Paul David Arnold, and Raymond James and Associates, Inc., of Bradenton, Florida, involved the purchasing of an annuity, electronic transfers and conversion of funds of […]

The Soreide Law Group is investigating claims on behalf of Raymond James Financial Services clients that invested in Duoyuan Global Water, with the firm’s financial advisor Bob Pittman in the Melbourne, Florida office. Upon information and belief, clients of Mr. Pittman’s have suffered substantial damages as a result of Mr. Pittman’s recommendation to purchase Duoyuan […]

Raymond James Financial Services Inc., has paid a $1.79 million arbitration award to an 87-year-old client after going to state court to appeal the judgment writes Darla Mercado, in a November 30, 2011, article for the InvestmentNews.com. The Honorable Judge Emily Tobolowsky, of the 298th Judicial District Court in Dallas last month confirmed the award […]

Raymond James & Associates, Inc. (CRD #705, St. Petersburg, Florida)   submitted a Letter of Acceptance, Waiver and Consent in which the firm was censured, fined $12,500 and ordered to pay $1,849.33, plus interest, in restitution to investors.   Also, without admitting or denying the findings, the firm consented to the described sanctions and to […]

Raymond James & Associates, Inc. (CRD #705, St. Petersburg, Florida) submitted a Letter of Acceptance, Waiver and Consent in which the firm was censured and fined $15,000. Without admitting or denying the findings, the firm consented to the described sanctions and to the entry of findings that it failed to transmit ROEs ( Return On Equity […]

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 […]

In a June 29, 2011, article by Bruce Kelly for InvestmentNews.com he writes that as part of a settlement with eight states and the Securities and Exchange Commission, Raymond James Financial Inc. will buy back $300 million in auction-rate securities from clients and pay a fine of $1.7 million. The states in charge of the […]