Publicly available records published by the Financial Industry Regulatory Authority (FINRA) and accessed on August 4, 2017 indicate that Georgia-based Raymond James & Associates broker/adviser John Alexander has been named in a pending customer dispute. Fitapelli Kurta is interested in hearing from investors who have complaints regarding Mr. Alexander (CRD# 4751186).
John Alexander has spent 13 years in the securities industry and has been registered with Raymond James & Associates in Athens, Georgia since 2013. He was previously registered with Morgan Keegan & Company in Athens, Georgia (2004-2013). He has passed two securities industry examinations: Series 66 (Uniform Combined State Law Examination) and Series 7 (General Securities Representative Examination). He is a registered broker and investment adviser with 23 US states and territories: Alabama, Arizona, California, Colorado, Florida, Georgia, Illinois, Indiana, Kentucky, Louisiana, Massachusetts, Nevada, New Jersey, North Carolina, Ohio, Oklahoma, Oregon, Puerto Rico, South Carolina, Tennessee, Texas, Virginia and Washington.
According to his BrokerCheck report, he has received one pending customer complaint.
In May 2017 a customer alleged John Alexander, while employed at Raymond James & Associates, executed excessive trades and charged excessive fees and commission. The customer is seeking $162,709 in damages in the pending complaint.
Excessive trading, also known as “churning,” denotes the excessive execution of transactions in a customer account for the primary purpose of generating commissions. In churning cases, a broker does not buy, sell, or trade securities in order to advance a client’s goals, but instead executes high volumes of transactions, driving up fees and other charges. Situations where this can occur usually involve discretionary or managed funds, or some margin funds. Brokers who engage in churning may be subject to disciplinary action by FINRA or the Securities and Exchange Commission.
If you or someone you know has lost money investing with John Alexander, call Fitapelli Kurta at 877-238-4175 for a free consultation. You may be eligible to recoup your losses. Fitapelli Kurta accepts all cases on a contingency basis: we only get paid if and when you collect money. Time to file your claim may be limited, so we encourage you to avoid delay. Call 877-238-4175 now to speak to an attorney for free.