August 2021 – Augusta, GA
According to publicly available records , Raymond S. Benjamin, a stockbroker who was previously with LPL Financial and who is now registered with Kingswood Capital Partners and Firethorn Wealth Partners disclose the settlement of a customer dispute.
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 5/2018 a customer of LPL Financial filed a FINRA arbitration alleging that a variable annuity purchase was an unsuitable recommendation since the contract contained sub-par rates of return and excessive expenses and was unfit for a defined benefit plan. The customer further alleged that Benjamin misrepresented the terms of the contract and breached his fiduciary duty and allegedly coerced the customer into purchasing the contract. That case was settled for $250,000 in 6/2021.
Raymond Benjamin worked for LPL Financial from July 2010 until August 2018. He has since been employed with Chalice Capital Partners since 8/2018. Benjamin discloses a business affiliation with Firethorn Wealth Partners in Augusta, GA.
If you have questions about an investment account handled by Raymond Benjamin, contact us for a no charge consultation to learn about your legal 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.
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