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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.
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:
Vincent Imbesi, Kevin Johnson and Brittany Weiner
450 Seventh Avenue, 14th Floor
New York, NY 10123
For additional information regarding this claim, please contact attorney Kevin Johnson.