Articles Posted in Broker Misconduct

Raymond James Fined $2 Million by FINRA for Supervisory Failures
Samuels Yoelin Kantor LLP

On December 21, 2017, the Financial Industry Regulatory Authority (FINRA) announced it had fined brokerage firm Raymond James Financial Services, Inc. $2 million for significant supervisory failures in reviewing email communications. FINRA found that, over a nine-year period, Raymond James did not have a reasonably designed supervisory system and procedures for reviewing email communications. Why…

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