Securities Lawyers Blog
According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Marc Hallick (Hallick), currently associated with Raymond James & Associates, INC., has at least one disclosable event. These events include one customer complaint, alleging that Hallick recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.
FINRA BrokerCheck shows a settled customer complaint with a damage request of $6,500,000.00 on November 02, 2023.
Claimants allege FA deployed an unsuitable investment strategy involving short selling concentrated positions on margin and failed to explain the material facts and risks of the strategy.