February 2019 -Ft. Lauderdale, Florida
We have recently submitted a FINRA arbitration claim against Raymond James & Associates on behalf of a retired couple from Ft. Pierce, FL, who are seeking damages of at least $499,000, alleging that recommendations made to their retirement nest by egg by former Raymond James brokers Angela M. Graham West and Leon Rehak were unsuitable and that their account was traded excessively.
Our clients have alleged that Raymond James was negligent and failed to properly supervise West and Rehak.
According to FINRA records, Angela West was registered with Raymond James from 1/2008-9/2017. In 9/2017 Angela West left Raymond James and took a position with Oppenheimer & Co.
Official FINRA records disclose that Leon Rehak left Raymond James in October 2016, and took a position with LPL Financial where he is currently employed. According to the FINRA disclosure in November 2016 a Raymond James client filed FINRA arbitration (#16-03193) seeking damages of $600.000 and alleging that during the period of time form 4/2004-12/2011, their accounts were subject to a number of abuses, including:
- Excessive trading
- Unauthorized trading
- Breach of fiduciary duty
That matter was resolved in Oct 2017 for $75,000.
Both Rehak and West disclose the settlement of FINRA Case #17-2750 brought by a customer of Raymond James in Oct. 2017 for $185,000.
If you have questions about losses in an account handled by Angela West and/or Leon Rehak contact us to discuss 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.
Florida-561 391 1900