Category Archives: Raymond James

Kelly G. Richards-First Allied Securities Broker-Discloses Customer Dispute-Phoenix, AZ

September 2017-

The FINRA records of  Kelly Gene Richards , (CRD 4918409),   a  stockbroker who is currently  employed by  First Allied Securities, disclose a  currently pending customer dispute and a prior termination from employment.

The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.

In FINRA case #16-01743 a customer of Capital Investment Group seeks damages of $650,000  and alleges misrepresentation, fraud, negligent supervision and breach of fiduciary duty in connection with membership units in certain investments promoted by Richards & Graham.

In 8/2010 Richards was discharged from JPM Chase Bank who made the following allegation on his FINRA record: “Terminated by affiliate bank. Non securities related. Overall job performance including violating bank related procedures”. 

Richards has been registered with First Allied Securities since 4/2015. His prior employment includes Raymond JamesCapital Investment Group and Chase Investment Services. Richards discloses a business affiliation with RG Capital of Phoenix, AZ .

If you have questions about an account handled by Kelly G. Richards, call to learn about your options.

Rex Securities Law , with offices in Boca Raton, FL,  and  Austin, TX,   provides representation to  investors  nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.

Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.

Nationwide Representation

Rex Securities Law

TollFree: 877-224-3199

Florida-561 391 1900 

 

Kelly G. Richards-FIrst Allied Securities Broker-Discloses Pending Customer Dispute-Phoenix, AZ

April 2017-Phoenix, AZ

The FINRA records of  Kelly Gene Richards ,  a  stockbroker who is currently  employed by  First Allied Securities, disclose a  currently pending customer dispute and a prior termination from employment.

The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.

In FINRA case #16-01743 a customer of Capital Investment Group seeks damages of $650,000  misrepresentation in connection with membership units in certain investments promoted by Richards.

Richards has been registered with First Allied Securities since 4/2015. His prior employment includes Raymond JamesCapital Investment Group and Chase Investment Services. Richards discloses a business affiliation with RG Capital .

If you have questions about an account handled by Kelly G. Richards, call to learn about your options.

Rex Securities Law , with offices in Boca Raton, FL,  and  Austin, TX,   provides representation to  investors  nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.

Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.

Nationwide Representation

Rex Securities Law

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870

Todd D. Ryman -Suntrust Investment Services Broker-Discloses Customer Disputes-Atlanta, GA

June 2017 – Atlanta, GA

The FINRA records of Todd D. Ryman ,  a  stockbroker previously employed with  Raymond James & Associates, Inc.  disclose  a prior regulatory matter and 6 customer disputes.

The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.

Prior customer disputes include:

May 2017-A customer of Deutsche Bank Securities alleged damages of $250,000 related to the sale of an unsuitable private equity fund. That case was settled for $205,193.

FINRA Case 14-02095- A customer of Merrill Lynch sought damages of $100,000 alleging that Ryman made unsuitable investment recommendations, made unauthorized trades and misrepresented material facts. That case settled for $47,500.

June 2009- A customer of Banc America Investment Services alleged unauthorized trading in auction rate securities. That case settled for $5 million.

 

Ryman is currently employed by  Suntrust Investment Services. His prior employment includes Raymond James & Associates, Inc.,Deutsche Bank Securities, Inc. Merrill Lynch, Pierce, Fenner & Smith Incorporated and Banc of America Investment Services.  

If you have losses in an account in an account handled by Todd D. Ryman  contact us to discuss how you may be able to recover damages for those losses.

Rex Securities Law , with offices in Boca Raton, FL,  and  Austin, TX,   provides representation to  investors  nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.

Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.

Nationwide Representation

Rex Securities Law

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870

James D. Calder II-Former Raymond James Broker-Sanctioned Over Sale of Life Settlements-Borger, TX

May 2017-Borger, TX

The FINRA records of  James D. Calder II,  a  unregistered stockbroker who was last employed by  Raymond James Financial Services  disclose a final regulatory event and a customer dispute that has been settled.

The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.

In 2/2017, to resolve allegations by FINRA that he engaged in an undisclosed outside business activity by participating in the sale of life settlement contracts to customers of his firm after it had expressly denied his request to participate in such activity, Calder was suspended for six months and fined $15,000.

In FINRA arbitration 15-02822, a customer of Raymond James Financial Services alleged damages of $120,000 in connection with an investment purchased from Calder that was not authorized by Raymond James Financial Services. That case was settled for $75,000.

James D. Calder II was employed by Raymond James from 8/2002-3/2016.

If you have questions about an account  handled by James D. Calder II , contact us to discuss your options.

Viatical Settlement

A viatical settlement is a contract whereby a person diagnosed with a terminal illness sells their life insurance policy for less than its face value in order to obtain a portion of the proceeds while still alive. The buyer (investor) obtains the full value of the policy upon the death of the insured.

Rex Securities Law , with offices in Boca Raton, FL,  and  Austin, TX,   provides representation to  investors  nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.

Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.

Nationwide Representation

Rex Securities Law

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870

Billy Jack Cowan-Former Raymond James Broker-Discloses Customer Dispute & Termination From Employment-Norman, OK

May 2017-Norman, OK

The FINRA records of  Billy Jack Cowan  ,  a  former stockbroker who is not currently  registered disclose  a regulatory event, 2 prior customer disputes, 2 terminations from employment and 8 prior financial events.

The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.

In July 2015 Cowan was censured by the Oklahoma Department of Securities for using discretionary power in a customer’s account without prior written authorization while employed by Raymond James Financial Services.

In FINRA Case 15-0725, a customer of Raymond James Financial Services  alleged damages of $707,188 claiming that Cowan had misclassified their suitability profile, failed to disclose trading risks and engaged in excessive and unauthorized trading from 2006-2014. That case was settled in 3/2017 for $75,000.

In 12/2014 Cowan was discharged by Raymond James who made the following allegation on his FINRA record: “Violation of the firm’s discretion and limited trading authorization policy for using discretion in an account without written authority to do so and for violating the firm’s communications with the public-electronic communications policy, for using text messaging for a business purpose.”

Cowan discloses 8 settlements with credit card companies where outstanding balances were settled for  compromised amounts.

Billy J. Cowan was employed by Raymond James from 2/2006-12/2014 .

If you have questions about an account  handled by Billy J. Cowan  call for a no charge consultation.

Discretionary Trading

Discretionary trading is when a broker makes trades (buys  or sells)  in an account without first consulting the customer. This means the broker decides how much of an investment to buy or sell and at what price, without input from the customer. Firms generally require that permission to trade an account in such a manner must be granted, in writing, by the customer to the firm.

Rex Securities Law , with offices in Boca Raton, FL,  and  Austin, TX,   provides representation to  investors  nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.

Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.

Nationwide Representation

Rex Securities Law

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870