Raymond James & Associates

There are Recent Customer Complaints with Broker Charles Fagan in Firm Raymond James & Associates, INC.

July 13, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Charles Fagan (Fagan), currently associated with Raymond James & Associates, INC., has at least one disclosable event. These events include one customer complaint, alleging that Fagan 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 $750,000.00 on August 15, 2023.

Claimants allege FA concentrated them in unsuitable Ginnie Mae products with long maturity dates to generate higher commissions; misrepresented that the products were short-duration, safe, and that Claimants would receive their principal investment when they needed the funds; and failed to explain the products’ risks to Claimants.

There are Recent Customer Complaints with Broker Andrew Kubicsko in Firm Raymond James & Associates, INC.

July 8, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Andrew Kubicsko (Kubicsko), currently associated with Raymond James & Associates, INC., has at least one disclosable event. These events include one customer complaint, alleging that Kubicsko recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a pending customer complaint with a damage request of $400,000.00 on September 20, 2023.

Claimant alleges FA (i) recommended an investment in the Thornburg Limited Term Municipal Fund which was unsuitable and not in Claimant’s best interest and (ii) failed to disclose annual fees paid by the fund manager to RJA.

Broker Francisco Vigil in Raymond James & Associates, INC. Firm Has Customer Complaint

July 4, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Francisco Vigil (Vigil), previously associated with Raymond James & Associates, INC., has at least one disclosable event. These events include one customer complaint, alleging that Vigil 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 $50,000.00 on October 18, 2023.

Claimants alleged that FA failed to have any communications with Claimants for 15 years and that although one of the two Claimants authorized the FA to execute a specific trade in their joint account, the FA was required but failed to inform the other Claimant that the executed trade was in line with a capital preservation objective even though Claimants had a growth objective.

Broker Marc Hallick in Raymond James & Associates, INC. Firm Has Customer Complaint

July 1, 2025 | by Staff Attorney

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.

There are Recent Customer Complaints with Broker Harrison Bauman in Firm Raymond James & Associates, INC.

June 21, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Harrison Bauman (Bauman), currently associated with Raymond James & Associates, INC., has at least one disclosable event. These events include one customer complaint, alleging that Bauman 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 $220,000.00 on January 19, 2024.

Claimant alleges FAs failed to follow her instructions to re-invest dividends from specified securities.

Broker Steven Schmitt in Raymond James & Associates, INC. Firm Has Customer Complaint

June 14, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Steven Schmitt (Schmitt), currently associated with Raymond James & Associates, INC., has at least one disclosable event. These events include one customer complaint, alleging that Schmitt 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 $385,161.00 on December 18, 2023.

Claimant alleged, inter alia, that the investments strategy executed in the client’s account was unsuitable 2018-2022.

Broker Michael Madden in Raymond James & Associates, INC. Firm Has Customer Complaint

June 7, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Michael Madden (Madden), currently associated with Raymond James & Associates, INC., has at least one disclosable event. These events include one customer complaint, alleging that Madden 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 $220,000.00 on January 19, 2024.

Claimant alleges FAs failed to follow her instructions to re-invest dividends from specified securities.

Broker Ira Bauman in Raymond James & Associates, INC. Firm Has Customer Complaint

June 7, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Ira Bauman (Bauman), currently associated with Raymond James & Associates, INC., has at least one disclosable event. These events include one customer complaint, alleging that Bauman 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 $220,000.00 on January 19, 2024.

Claimant alleges FAs failed to follow her instructions to re-invest dividends from specified securities.

Broker William Bredt in Raymond James & Associates, INC. Firm Has Customer Complaint

May 18, 2025 | by Staff Attorney

Currently financial advisor William Bredt (Bredt), currently employed by brokerage firm Raymond James & Associates, INC. has been subject to at least one disclosable event. These events include one customer complaint. According to a BrokerCheck reports most of the recent customer complaints concern either corporate debt securities or alternative investments such as direct participation products (DPPs) like business development companies (BDCs), non-traded real estate investment trusts (REITs), oil & gas programs, annuities, and private placements. The attorneys at Gana Weinstein LLP have represented hundreds of investors who suffered losses caused by these types of high risk, low reward products.

FINRA BrokerCheck shows a pending customer complaint with a damage request of $400,000.00 on March 24, 2025.

Client alleges FA recommended an unsuitable private placement investment and misrepresented the returns and risks of the investment.

There are Recent Customer Complaints with Broker Kirk Crossen in Firm Raymond James & Associates, INC.

May 13, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Kirk Crossen (Crossen), previously associated with Raymond James & Associates, INC., has at least 2 disclosable events. These events include one customer complaint, one regulatory event, alleging that Crossen recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a final customer complaint on May 01, 2025.

Respondent Crossen failed to comply with an arbitration award or settlement agreement or to satisfactorily respond to a FINRA request to provide information concerning the status of compliance.