Raymond James
RayJay Broker Who Jumped from JPMorgan Wins a Non-Solicit Battle
Finra arbitrators denies J.P. Morgan Securities’ request for a permanent injunction against an Indianapolis broker who was temporarily handcuffed from contacting clients.
UIT Rollover Recommendations Sideline Another Broker
Finra suspends former Raymond James independent broker and fines him, highlighting UIT sales issues that led the Florida firm to a $15 million settlement with the SEC.
UBS Hires from Merrill, Morgan Stanley, Loses Ohio Vet to RayJay
Million-dollar solo practitioners bolster UBS’s U.S. ranks in Atlanta and Newport Beach, but Swiss bank loses a top Ohio producer to Raymond James.
Finra Panel Rebukes Frivolous Customer Claim Against RayJay Broker
Arbitrators grant expungement of unsuitability claim that they found “devoid of any facts,” “meritless” and of “unwarranted harm to the financial advisor.”
J.P. Morgan Wins TRO Against Bank Broker Now with Raymond James
Broker who worked at a Chase Bank branch in Indianapolis must stop soliciting former clients from his new base at an Indianapolis RayJay office, federal judge rules.
Merrill, Raymond James to Pay $12 Million for 529 Plan Sales Violations
Firms settle charges from the Financial Industry Regulatory Authority that they sold more expensive classes of education savings plan investments when others were available.
RayJay Liable for $3.2 Mln over Broker’s Oil-Gas MLP Sales–Arbitrators
Firm must pay 27 customers but a Louisiana branch manager can expunge failure-to-supervise claims because he had “insufficient” tools for monitoring “excessive levels of concentration,” arbitrators say.
Edward Jones Recruiting Head Mauzy Leaves
Four Jones brokers in separate offices in Arizona and Nevada left on Friday, two to independence with RayJay and two to Ameriprise’s employee channel.
Steward Hires Ex-Morgan Stanley Divisional Manager Kentfield
Douglas Kentfield, who left Morgan Stanley in 2014, will take on a newly created role as “head of wealth management” for the Raymond James-affiliated firm.
RayJay, Ameriprise Diverge in Recruiting Success—and Comp Costs
RayJay added a net 107 advisors last quarter to bring its brokerage force up 4% to 8,011 from a year earlier, while Ameriprise had a net decline of 21 brokers in the quarter, ending with a flat year-over-year headcount of 9,930.
JPMorgan Seeks TRO Against Bank Broker Who Joined RayJay
Former Chase Private Client broker in Indiana allegedly moved $27 million in assets since leaving the bank last month.
