Articles Tagged with Raymond James Financial Services

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Ronald Cameron

Public records published by the Financial Industry Regulatory Authority (FINRA) and accessed on August 7, 2018 indicate that Arkansas-based Raymond James Financial Services broker/adviser Ronald Cameron is involved in a pending customer dispute. Fitapelli Kurta is interested in hearing from investors who have complaints regarding Mr. Cameron (CRD# 2551641).

Ronald Cameron has spent 23 years in the securities industry and has been registered with Raymond James Financial Services in Fayetteville, Arkansas since 2013. Previous registrations include Stephens in Fayetteville, Arkansas (2005-2013); Morgan Stanley in Rogers, Arkansas (2001-2005); Edward Jones in St Louis, Missouri (2000-2001); and AG Edwards & Sons in St. Louis, Missouri (1994-2000). He has passed four securities industry examinations: Series 65 (Uniform Investment Adviser Law Examination), which he obtained on December 27, 1999; Series 63 (Uniform Securities Agent State Law Examination), which he obtained on December 28, 1994; Series 31 (Futures Managed Funds Examination), which he obtained on July 26, 2005; and Series 7 (General Securities Representative Examination), which he obtained on November 28, 1994. He is a registered broker and investment adviser with 11 US states and territories: Arkansas, California, Colorado, Delaware, Georgia, Kansas, Maryland, North Carolina, Oklahoma, South Carolina, and Texas.

According to his BrokerCheck report, he has received one pending customer complaint.

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Steven ReznikPublic records published by the Financial Industry Regulatory Authority (FINRA) and accessed on June 16, 2018 indicate that Florida-based Raymond James Financial Services broker/adviser Steven Reznik has received resolved or pending customer disputes. Fitapelli Kurta is interested in speaking to investors who have complaints regarding Mr. Reznik (CRD# 1067199).

Steven Reznik has spent 35 years in the securities industry and has been registered with Raymond James Financial Services in Tallahassee and Destin, Florida since 1989. Previous registrations include Pebsco Securities Corporation in Columbus, Ohio (1989-1992); Integrated Resources Equity Corporation (1988-1989); Dean Witter Reynolds (1983-1988); and Metropolitan Life Insurance Company (1982). He has passed five securities industry examinations: Series 63 (Uniform Securities Agent State Law Examination), which he obtained on June 29, 1987; Series 7 (General Securities Representative Examination), which he obtained on January 15, 1983; Series 6 (Investment Company Products/Variable Contracts Representative Examination), which he obtained on November 18, 1982; Series 4 (Registered Options Principal Examination), which he obtained on August 10, 1992; and Series 24 (General Securities Principal Examination), which he obtained on September 26, 1990. He is a registered broker and investment adviser with 42 US states and territories.

According to his BrokerCheck report, he has received two customer complaints and one pending customer complaint.

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Walter OlssonPublic records published by the Financial Industry Regulatory Authority (FINRA) and accessed on April 4, 2018 indicate that former Michigan-based Raymond James Financial Services broker Walter Olsson has been sanctioned by FINRA in connection to alleged rule violations and suspended from acting as a broker. Fitapelli Kurta is interested in speaking to investors who have complaints regarding Mr. Olsson (CRD# 352636).

Walter Olsson has spent 50 years in the securities industry and was most recently registered with Raymond James Financial Services in Grand Rapids, Michigan (2008-2015). Previous registrations include Raymond James & Associates in Grand Rapids, Michigan (1998-2008); Roney & Company in Detroit, Michigan (1998-1999); and Roney & Company LLC in Detroit, Michigan (1964-1998). He has passed four securities industry examinations: Series 63 (Uniform Securities Agent State Law Examination), which he obtained on October 13, 1992; PC (AMEX Put and Call Exam), which he obtained on October 23, 1979; Series 1 (Registered Representative Examination), which he obtained on August 12, 1964; and Series 40 (Registered Principal Examination), which he obtained on August 31, 1978. He is currently not registered with any state or firm.

According to his BrokerCheck report, he has received one customer complaint, one pending customer complaint, and one regulatory sanction.

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Van PearcyPublicly available records published by the Financial Industry Regulatory Authority (FINRA) and accessed on March 21, 2018 indicate that Texas-based Raymond James Financial Services broker/adviser Van Pearcy is involved in resolved or pending customer disputes. Fitapelli Kurta is interested in speaking to investors who have complaints regarding Mr. Pearcy (CRD# 1784318).

Van Pearcy has spent 30 years in the securities industry and has been registered with Raymond James Financial Services in Midland, Texas since 2001. He was previously registered with Edward Jones in St. Louis, Missouri (1987-2001). He has passed four securities industry examinations: Series 63 (Uniform Securities Agent State Law Examination), which he obtained on February 16, 1988; Series 7 (General Securities Representative Examination), which he obtained on December 19, 1987; Series 10 (General Securities Sales Supervisor – General Module Examination), which he obtained on June 9, 2003; and Series 9 (General Securities Sales Supervisor – Options Module Examination), which he obtained on April 23, 2003. He is a registered broker and investment adviser with 28 US states and territories.

According to his BrokerCheck report, he has received one customer complaint and one pending customer complaint.

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Matthew WerthePublic records published by the Financial Industry Regulatory Authority (FINRA) and accessed on January 29, 2018 indicate that California-based Raymond James Financial Services broker/adviser Matthew Werthe has received several pending customer disputes. Fitapelli Kurta is interested in speaking to investors who have complaints regarding Mr. Werthe (CRD# 5664041).

Matthew Werthe has spent eight years in the securities industry and has been registered with Raymond James Financial Services in Murrieta, California since 2013. He was previously registered with Edward Jones in San Diego, California (2009-2013). He has passed two securities industry examinations: Series 66 (Uniform Combined State Law Examination), which he obtained on July 3, 2009, and Series 7 (General Securities Representative Examination), which he obtained on June 22, 2009. He is a registered broker and investment adviser with nine US states and territories: Arizona, California, Delaware, Florida, New York, Ohio, Oregon, Virginia, and Washington.

According to his BrokerCheck report, he has received three customer complaints.

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John MacGowanPublicly available records published by the Financial Industry Regulatory Authority (FINRA) and accessed on January 8, 2018 indicate that former New York-based Raymond James Financial Services broker/adviser John MacGowan was discharged from his former employer in connection to alleged rule violations and is currently not affiliated with any broker-dealer firm. Fitapelli Kurta is interested in speaking to investors who have complaints regarding Mr. MacGowan (CRD# 315901).

John MacGowan has spent 40 years in the securities industry and was most recently registered with Raymond James Financial Services in New York, New York (1999-2017). Previous registrations include Robert Thomas Securities in St. Petersburg, Florida (1990-1999); AG Edwards & Sons (1983-1986); Philips Appel & Walden (1983); Fittin Cunningham & Lauzon (1975-1983); and Merrill Lynch (1972-1975). He has passed four securities industry examinations: Series 65 (Uniform Investment Adviser Law Examination), which he obtained on May 2, 1995; Series 63 (Uniform Securities Agent State Law Examination), which he obtained on November 16, 1990; Series 7 (General Securities Representative Examination), which he obtained on October 5, 1990; and Series 1 (Registered Representative Examination), which he obtained on July 12, 1972. He is currently not registered with any state or firm.

According to his BrokerCheck report, he has received two customer complaints and was recently discharged from his former employer in connection to alleged misconduct.

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Raymond James Financial ServicesAccording to a release published by the Financial Industry Regulatory Authority (FINRA) on December 21, 2017, FINRA has sanctioned broker-dealer firm Raymond James Financial Services $2 million in connection to the firm’s alleged supervisory failures. Fitapelli Kurta is interested in speaking to investors who have complaints regarding investments made with Raymond James Financial Services.

FINRA’s findings state that during a nine-year period, Raymond James’ system for reviewing email communications suffered from significant flaws and allowed “millions of emails to evade meaningful review.” A consequence of this was the risk that potential rule violations by firm brokers, advisers and other personnel might avoid detection. FINRA found that the set of words and phrases that were “used to flag emails for review” was not adequate to detect certain types of potential rule violations that the firm “knew or should have anticipated” might take place. FINRA has stated that the firm additionally failed to “devote adequate personnel and resources” to the subset of its staff that reviewed flagged emails. According to FINRA, Raymond James Financial Services additionally failed to regularly test the email system’s “configuration and effectiveness,” instead focusing on cutting down the amount of “false positives” detected by the system, as opposed to devoting resources to make sure the system efficiently found all possible “problematic categories of emails.”

FINRA’s Executive Vice President, Department of Enforcement Susan Schroeder said in a statement: “Firms have a clear obligation to reasonably supervise electronic communications, which includes periodically re-evaluating the effectiveness of existing procedures. They should also assess whether their e-mail review and supervisory systems are reasonably designed in light of each firm’s business model.”

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Matthew GrabbePublicly available records published by the Financial Industry Regulatory Authority (FINRA) and accessed on December 19, 2017 indicate that Indiana-based Raymond James Financial Services broker/adviser Matthew Grabbe has been sanctioned by FINRA and suspended from acting as a broker. Fitapelli Kurta is interested in speaking to investors who have complaints regarding Mr. Grabbe (CRD# 5294056).

Matthew Grabbe has spent ten years in the securities industry and has been registered with Raymond James Financial Services in Fort Branch, Indiana since August 2016. He was previously registered with JJB Hilliard WL Lyons in Princeton, Indiana. He has passed four securities industry examinations: Series 66 (Uniform Combined State Law Examination), which he obtained on March 29, 2007; Series 7 (General Securities Representative Examination), which he obtained on March 9, 2007; Series 10 (General Securities Sales Supervisor – General Module Examination), which he obtained on November 29, 2016; and Series 9 (General Securities Sales Supervisor – Options Module Examination), which he obtained on September 19, 2016. He is a registered broker and investment adviser with nine US states and territories: Alabama, Arizona, Florida, Illinois, Indiana, Kentucky, Ohio, Tennessee, and Washington.

According to his BrokerCheck report, he was recently sanctioned by FINRA.

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Ralph Smith

Publicly available records provided by the Financial Industry Regulatory Authority (FINRA) and accessed on November 21, 2017 indicate that Georgia-based Raymond James Financial Services broker/adviser Ralph Smith is involved in pending customer disputes. Fitapelli Kurta is interested in hearing from investors who have complaints regarding Mr. Smith (CRD# 1709504)

Ralph Smith has spent 29 years in the securities industry and has been registered with Raymond James Financial Services in Valdosta, Georgia since 1999. Previous registrations include Merrill Lynch in New York, New York (1997-1999); the Variable Annuity Marketing Company in Houston, Texas (1995-1997); GR Phelps & Company (1993-1995); FSC Securities Corporation in Atlanta, Georgia (1992-1993); Kavanaugh Securities in Dallas, Texas (1992); Lincoln Financial Advisors Corporation in Fort Wayne, Indiana (1989-1991); the Lincoln National Life Insurance Company in Fort Wayne, Indiana (1989-1991); Kavanaugh Securities (1988-1989); and Southmark Financial Services (1987-1988). He has passed six securities industry examinations: Series 65 (Uniform Investment Adviser Law Examination), which he obtained on September 5, 1997; Series 63 (Uniform Securities Agent State Law Examination), which he obtained on September 3, 1987; Series 7 (General Securities Representative Examination), which he obtained on August 6, 1997; Series 22 (Direct Participation Programs Representative Examination), which he obtained on June 16, 1988; Series 6 (Investment Company Products/Variable Contracts Representative Examination), which he obtained on August 13, 1987; and Series 24 (General Securities Principal Examination), which he obtained on March 9, 2000. He is a registered broker and investment adviser with six US states: California, Florida, Georgia, South Carolina, Texas and Virginia.

According to his BrokerCheck report, he has received two pending customer complaints.