Category Archives: Raymond James

Maria Hendershott-Raymond James Financial Advisor-Discloses Numerous Customer Suits-Houston, Texas

May 2019- Houston, Texas

According to publicly available records Maria E. Hendershott (CRD#818681) , a  stockbroker who is currently registered Raymond James & Associates,  disclose 1 pending and 3 final 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.

The prior disputes include:

  • FINRA Case 17-2601 in which a Raymond James customer alleged that Hendershott grossly mismanaged and churned his account. The case was settled in 9/2018 for $75,000.
  • FINRA Case 16-0784 in which a Raymond James customer alleged that Hendershott made unsuitable recommendations, over concentrated the account, was negligent and violated the Texas Securities Act. The case was settle for $285,000 in 2/2017.

In the pending matter, FINRA Case 18-4029, a customer of Raymond James alleges that Hendershott violated the Texas Securities Act, Texas Fraud Statutes and the Texas Deceptive Trade Practices Act and is seeking damages of $500,000.

Hendershott has been employed by Raymond James since 2/2006.

If you have questions about an investment account handled by Maria Hendershott 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

Mark Tudor-Fired by Raymond James-Barred From Securities Industry-Lake Mary, FL

May 2019, Lake Mary, Florida

According to publicly available records Mark Andrew Tudor  ,  a  former stockbroker who last worked for Raymond James Financial  ,  disclose a recent regulatory event barring him from the securities industry, 3 prior customer disputes, and a discharge 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 March 2019 FINRA permanently barred Mark Tudor from the securities industry to resolve allegations that he failed to respond to a request for information in connection with a FINRA investigation.

In December 2018 a customer of Raymond James was paid $40,000 to resolve FINRA arbitration 18-03428 alleging that Tudor had recommended a private securities transaction without the approval or knowledge of the firm.

Tudor, who is owner of Tudor Wealth Management,  was employed by Raymond James from 2/2013 until 10/201 when he was discharged for introducing clients to investments away from the firm without approval and for not being helpful when interviewed by Raymond James counsel.

If you have losses in an account handled by Mark Tudor, call to discuss you options for recovery of damages.

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

Bill Council-Raymond James Broker- Discloses 3 Pending Customer Complaints-San Diego, CA

March 2019 – San Diego, CA

According to publicly available records William  (“Bill”) Michael Council  (CRD#848504) ,  a  stockbroker who is currently registered with Raymond James & Associates, Inc.,  disclose  3 pending customer disputes and 5 currently outstanding judgment/liens.

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 November 2018, a client of D.A. Davidson & Co., Council’s prior employer, filed FINRA case 18-04049 alleging that Council recommended unsuitable securities. The customer is seeking damages of $334,000.

In December of 2018, another D.A. Davidson & Co. customer alleged unsuitable securities recommendations by Council  in FINRA case 19-00010.   The customer is seeking damages of $105,000 .

In November 2018, a third D.A. Davison & Co. customer filed FINRA case 18-04051 alleging Council recommended unsuitable high risk securities and is seeking damages of $50,000.

Council has been employed with Raymond James & Associates since January 2015.   He was employed with D.A. Davidson & Co. from November 2013 until January 2015.   He was with Crowell Weedon, & Co. before that.

If you have questions about an investment account handled by Bill Council, 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.

Nationwide Representation

Rex Securities Law

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870

Marc Allen Miller II- Raymond James Broker-Discloses Pending Customer Dispute-Port Charlotte, FL

February 2019- Port Charlotte, FL

According to publicly available records Marc Allen Miller II (CRD#4521825) ,  a  stockbroker registered with Raymond James & Associates disclose 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 November 2018, a customer of Raymond James , filed FINRA case #18-03632 alleging breach of contract, negligence, gross negligence, intentional and negligent misrepresentations and omissions of material facts, failure to disclose, negligent supervision, respondeat superior, breach of the duty of good faith and fair dealing, professional negligence, failure to investigate, fraudulent concealment, failure to perform due diligence, unfair business practices, fraud and deceit.   The customer is seeking damages are $492,158.

Miller has been  employed with Raymond James & Associates since February of 2013.

If you have questions about an investment account handled by Marc Allen Miller II, 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.

Nationwide Representation

Rex Securities Law

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870

Mark Tauzin-Former LPL Financial Broker-Discloses Regulatory Event, Customer Dispute & Termination-Lafayette, LA

February 2019- Lafayette, LA

According to publicly available records Mark Tauzin   (CRD#1716373) ,  a  currently unregistered stockbroker who was last  registered with LPL Financial disclose a regulatory event , a prior customer dispute 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 10/2016 Tauzin consented  to FINRA sanctions and to the entry of findings that he engaged in a pattern of unsuitable short-term trading of front-loaded Unit Investments Trusts (UITs) in  accounts of households that were customers of his member firm.  Tauzin had no reasonable basis to believe the short-term trading of these front products was suitable for the customers according to FINRA.   The finding stated that Tauzin also maintained blank forms signed by customers relating to accounts for several households.  The forms included Automated Clearing House (ACH) authorization forms, margin agreements, account applications and switch disclosure forms.   With regards to certain households, completed switch disclosure forms.   With regards to certain households, completed switch disclosure forms were used for transactions that appeared identical to the signed, blank forms maintained in Tauzin’s files.  The maintenance of the blank forms violated the firm’s written supervisory procedures, document, regardless of client knowledge or consent.    Tauzin was suspended for  8 months  and  agreed to disgorge  $205,115, and pay a penalty of $20,000.

In August of 2015 an LPL Financial customer alleged unsuitability, misrepresentations and unauthorized trading in connection with her UIT investments.    The case settled for $750,000.

Tauzin was employed with LPL Financial from September 2009  to November 2014 when was discharged by LPL Financial after allegations that he f violated the firm’s document signature policy and concerns regarding short-term UIT Trading..  He previously was employed with Raymond James & Associates, Inc., Inc.

If you have questions about an investment account handled by Mark Tauzin, 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.

Nationwide Representation

Rex Securities Law

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870