Tagged with "Raymond James Financial"

Raymond James Accused of Reverse Churning in Fee-Based Accounts

Posted on January 31st, 2020 at 5:11 PM
Raymond James Accused of Reverse Churning in Fee-Based Accounts

An investor has filed a putative class-action lawsuit against Raymond James Financial, accusing it of reverse churning by encouraging buy and hold customers to transition from commission trading accounts to fee-based advisory accounts without considering the suitability of recommendations.

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Bad News for Nicholas Schorsch’s RCS Capital Corp. (RCAP)

Posted on December 10th, 2015 at 8:53 AM
Bad News for Nicholas Schorsch’s RCS Capital Corp. (RCAP)

Nicholas Schorsch has been considered a pioneer in alternative investment since he founded his brokerage holding company RCS Capital Corp. (RCAP). Not more than two years ago he compared RCAP to Wall Street greats Merrill Lynch and Raymond James Financial, Inc. 

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