According to the SEC, 79 investment firms, including LPL Financial, Raymond James, Oppenheimer, and Wells Fargo have agreed to return more than $125 million to investors for failing to report conflicts of interest in their sale of mutual funds.
Tagged with "raymond james"
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79 Investment Firms Agree to Reimburse $125 Million In Fund Fees to Investors
Posted on March 14th, 2019 at 3:48 PM
Raymond James Terminates Seven Financial Advisors for Improper Sales of Unit Investment Trusts
Posted on November 5th, 2018 at 4:53 PM
Raymond James has terminated seven financial advisors nationwide for improper sales of unit investment trusts (UITs) as a result of a FINRA regulatory sweep over the supervision of UIT sales by broker-dealers across the country. According to the regulatory filings, the financial advisors were based in Michigan, Florida, and Georgia.
Florida Judge Denies Raymond James’ Summary Judgment Motion in Fee Overcharging Case
Posted on October 25th, 2018 at 11:13 AM
A Florida state court judge has denied Raymond James’ motion for summary judgment in a lawsuit that accuses the firm of marking up processing fees up to 10 times on certain accounts.
University of Florida Study Demonstrates an Uptick of Unprofitable Companies in 2018 Filing IPOs
Posted on October 4th, 2018 at 11:52 AM
University of Florida finance professor, Jay Ritter has released a study examining the financial health of companies in 2018 before they filed Initial Public Offerings (IPOs) and compared the data to other years dating back to 1980.
SEC Charges Ex-Raymond James Branch Manager for Aiding and Abetting Hotel Project Scam
Posted on September 7th, 2018 at 2:02 PM
The SEC has charged former Raymond James & Associates branch manager, Joel Burstein in Florida federal court for aiding and abetting the misuse of investor money flowing through customer brokerage accounts.
Regional Firms Are Becoming a Favored Destination for Wirehouse Advisors
Posted on August 17th, 2018 at 9:39 AM
Recently, regional firms such as Raymond James, Stifel, Ameriprise, and Janney Montgomery Scott have become a favored destination for many successful wirehouse advisors who transition from the wirehouses.
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