Category Archives: Raymond James

Cecil Allen Ross- LPL Financial Broker- Discloses Customer Dispute- San Angelo, TX

November 2018-San Angelo, TX

According to publicly available records Cecil Allen Ross , (CRD# 2391047) ,  a  stockbroker who was previously registered with Raymond James Financial Services, Inc.,  disclose a prior 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 October of 2015 a customer of Raymond James Financial Services, Inc.,  was awarded $100,000 by a FINRA arbitration panel to resolve allegations that Ross had sold unsuitable investments and engaged in excessive trading. FINRA Case 14-2745.

Ross was employed by Raymond James Financial Services from August 2004 until October 2014.   He has been employed by LPL Financial Services since 9/2014.

If you have losses in an account in an account handled by Cecil Allen Ross, contact us for a no charge consultation to learn how you may be able to recover damages from his employer through FINRA arbitration.

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

Robert Abramowitz- National Securities Corp. Broker- Discloses Customer Disputes- Melville, NY

October 2018- Melville, NY

According to publicly available records  Robert Abramowitz (CRD#4457589), a stockbroker who is registered with National Securities Corp.  disclose a prior customer dispute and 2 pending customer disputes..

The Financial 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 December 2016 a customer with Raymond James Financial Services, Inc. filed case #16-03627 with FINRA alleging negligence, breach of fiduciary duty, breach of contract, material misrepresentations, omissions and failure to supervise.  The case was settled for $40,000.

In July 2018 a customer of Oppenheimer & Co. filed FINRA case #18-02666  alleging breach of contract, negligence, unsuitability, breach of fiduciary duty, respondeat superior, negligent supervision, over concentration from July 2011 until July 2016.    Alleged damages are $100,000.   This case is pending.

In March 2018 a customer with Raymond James Financial Services filed a customer dispute alleging “investments were misrepresented to her and were unsuitable based on her investment objectives.   She further states that her investment objectives and risk tolerance were incorrectly stated on new account paperwork from July 2011 until April of 2016.”   Alleged damages are $149,236.86.   This case was settled for $75,000.

Abramowitz is been employed by National Securities Corp. since September of 2017.   Prior to that he was with Oppenheimer & Co. from April 2016 until September 2017, and  with Raymond James from May of 2014 until April of 2016.   Before that time he was with Core Financial.   Abramowitz discloses a business affiliation with National Asset Management . 

If you have questions about an account handled by Robert Abramowitz, contact us for a no charge consultation to discuss your legal options.

Rex Securities Law, with offices in Boca Raton, FL  and Austin, TX, provides representation to investors nationwide who are seeking recovery from 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 are handled on a contingent fee basis meaning that you do not play legal fees unless we are successful.  

Nationwide Representation

Rex Securities Law

Toll Free: 877-224-3199

Florida:  561-391-1900

Texas:  512-329-2870

 

Terrence Fant- Raymond James Broker-Discloses $240k Customer Dispute -Devon, PA

August 2018- Devon, PA

The FINRA records of Terrence Fant,  a stockbroker currently employed with Raymond James & Associates  discloses a pending 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 July of 2018,  a Raymond James customer FINRA Case #18-02472 alleging breach of fiduciary duty, fraud, negligence and breach of contract and is seeking damages of $240,000.

Fant has been employed with Raymond James & Associates since March of 2011.    He was previously employed with Boenning and Scattergood, Inc. and with W.R. Hambrect & Co.

Investors with losses in accounts that were handled by Terrence Fant may be able to recover damages through FINRA arbitration, a method of dispute resolution that is typically much shorter in duration and far less costly that court litigation. We typically accept these cases on a contingent fee basis. Call for a no charge consultation.

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 E. Lyons-Former Raymond James Broker-Subject of $5M Customer Suit-Shreveport, LA

July 2018-Shreveport, LA

The FINRA records of former Raymond James broker James Edward Lyons disclose that he was recently barred from the securities industry and 1 pending and 5 prior customer disputes as well as a 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 June 2018 FINRA barred Lyons from the securities industry for failing to appear for on the record testimony in connection with a FINRA investigation.

In May 2017 a customer of Raymond James was paid $400,000 to resolve allegations that Lyons churned their account and made fraudulent omissions in connection with the sale of limited partnerships and other investments.

In FINRA Case 11-3703 a customer of his former employer Morgan Keegan was paid $152,000 to resolve allegations that Lyons made unsuitable recommendations and traded the account without permission.

In currently pending FINRA Case 17-2973  a group of customers of Raymond James alleges that Lyons made unsuitable investment recommendations, traded their accounts without authority, over concentrated their accounts and committed fraud. The customer group is seeking damages of $5,000,000.

Lyons was employed by Raymond James  from 2/2013-5/2017 when he was discharged due to a customer allegation of unauthorized trading.Lyons discloses a business affiliation with Vinton Hotel  Project.

If you have questions about an account handled by James E. Lyons, contact us for a no charge consultation to learn how you may be able to recover damages through FINRA arbitration.

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

George E. Mathis-Raymond James Broker-Discloses Customer Suit-The Villages, FL

June 2018-The Villages, Florida

According to FINRA records, George Edward Mathis, a broker who is employed by Raymond James, discloses a pending customer dispute, 4 prior customer disputes and a 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 a prior matter, FINRA Case 16-0226 a customer of Raymond James alleged that Mathis made unsuitable investments and misrepresented the investments from 9/2013-1/2016. The customer sought damages of $190,000. That case was settled for $70,000.

In currently pending FINRA Case 18-1663, a customer of Raymond James alleges breach of fiduciary duty by Mathis , breach of contract and fraud in the handling of his account from 1/2014-9/2016.. Damages of $65,000 are sought.

Mathis was discharged by Wells Fargo in 11/2011 for supplying inaccurate educational background information while preparing sales literature.

If you have questions about an account handled by George E. Mathis, contact us for a no charge consultation. You may be able to recover damages through FINRA arbitration.

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