FINRA hearing conducted in Philadelphia on behalf of two customers against Raymond James concludes

The law firm of Imbesi Christensen concluded an in-person hearing on behalf of two customers against Raymond James & Associates, Inc. See FINRA Case No. 12-02233.
By: Imbesi Christensen
NEW YORK - Sept. 30, 2013 - PRLog -- Imbesi Christensen concluded a FINRA arbitration hearing in Philadelphia, Pennsylvania, that was filed on behalf of two customers of Raymond James & Associates, Inc. ("Raymond James").  The Statement of Claim alleged that a Raymond James broker negligently allowed two UTMA accounts to be established without the customers’ authorization and approval.

The Statement of Claim alleged that the accounts were established and then used to facilitate the sale of stock that the customers’ owned.  The customers alleged that the proceeds from the sale were delivered by Raymond James to a third-party, for whom they did not authorize to receive the funds.

The Statement of Claim also alleged that Raymond James failed to supervise the broker assigned to the accounts.  The claim alleged that the lack of supervision and the broker’s negligence caused the loss of approximately $60,000.00.

The hearing was conducted in September of 2013, and a decision is expected within thirty days.

Claimants' Legal Representation:

Imbesi Christensen

Vincent Imbesi, Kevin Johnson and Brittany Weiner

450 Seventh Avenue, 14th Floor

New York, NY 10123

(212) 736-0007

For additional information regarding this claim, please contact attorney Kevin Johnson.
Source:Imbesi Christensen
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Tags:Finra Arbitration, Vincent Imbesi, Brittany Weiner, Kevin Johnson, Attorney
Industry:Legal, Business
Location:New York City - New York - United States
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