Raymond James Financial Services

Broker Ramesh Madhusudan in Raymond James Financial Services, INC. Firm Has Customer Complaint

September 8, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Ramesh Madhusudan (Madhusudan), previously associated with Raymond James Financial Services, INC., has at least one disclosable event. These events include one customer complaint, alleging that Madhusudan 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 $2,000,000.00 on May 11, 2023.

Claimant alleges (i) breach of fiduciary duty; (ii) negligence; (iii) breach of contract; (iv) fraud; and (v) violation of industry rules. From May 2021 to May 2022, claimant’s assets were invested in three types of securities intended to be held for the long-term: a goldman sachs high yield municipal bond mutual fund; equity linked notes with maturities ranging from 5-7 years; and long-term options (leaps). During the substantial market volatility in 2022, value of claimant’s investment portfolio decreased and claimant did not hold securities through to maturity. At claimant’s direction, the positions were liquidated at a substantial loss.

Broker King Cavalier in Raymond James Financial Services, INC. Firm Has Customer Complaint

August 30, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker King Cavalier (Cavalier), currently associated with Raymond James Financial Services, INC., has at least one disclosable event. These events include one customer complaint, alleging that Cavalier 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 $80,000.00 on June 14, 2023.

Former client alleges that she informed FA she intended to use a specified amount of funds from her investment account in the short term to buy a home but that FA improperly invested those funds in stocks and US Treasury bonds resulting in a loss.

There are Recent Customer Complaints with Broker Robert Anderson in Firm Raymond James Financial Services, INC.

August 29, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Robert Anderson (Anderson), currently associated with Raymond James Financial Services, INC., has at least one disclosable event. These events include one customer complaint, alleging that Anderson 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 $956,794.23 on June 16, 2023.

Current trustee for former trust client alleges former trustee did not have authority to appoint successor trustee and FA and RJA should have known this; FA made unsuitable recommendations and poorly managed the trust’s investments; and the trust was charged excessive fees.

There are Recent Customer Complaints with Broker Edward Stephens in Firm Raymond James Financial Services, INC.

August 24, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Edward Stephens (Stephens), previously associated with Raymond James Financial Services, INC., has at least one disclosable event. These events include one customer complaint, alleging that Stephens 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 $350,000.00 on June 10, 2025.

Embezzlement, Conversion, Chapter 75 Unfair and Deceptive Trade Practices, Fraud, Violation of Fiduciary Duty, Punitive Damages, Breach of Contract

There are Recent Customer Complaints with Broker William Dendy in Firm Raymond James Financial Services, INC.

July 27, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker William Dendy (Dendy), currently associated with Raymond James Financial Services, INC., has at least one disclosable event. These events include one customer complaint, alleging that Dendy 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 $40,000.00 on May 02, 2025.

The client alleged advisor placed unauthorized trades. Allegation Activity Dates: 4/21/2025 – 4/22/2025.

Broker Jessica Carlsen Buszka in Raymond James Financial Services, INC. Firm Has Customer Complaint

July 26, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Jessica Carlsen Buszka (Carlsen Buszka), currently associated with Raymond James Financial Services, INC., has at least one disclosable event. These events include one customer complaint, alleging that Carlsen Buszka 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 $8,648.00 on May 05, 2025.

Client alleged a trade was placed without authorization. Allegation date: 04/07/2025

Broker Robert Cutrupi in Raymond James Financial Services, INC. Firm Has Customer Complaint

July 24, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Robert Cutrupi (Cutrupi), currently associated with Raymond James Financial Services, INC., has at least one disclosable event. These events include one customer complaint, alleging that Cutrupi 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 $36,608.15 on May 14, 2025.

Claimant alleges FA did not follow her instructions to invest in investments that were consistent with a conservative risk tolerance.

There are Recent Customer Complaints with Broker H Roggen in Firm Raymond James Financial Services, INC.

July 24, 2025 | by Staff Attorney

Previously financial advisor H Roggen (Roggen), previously employed by brokerage firm Raymond James Financial Services, 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 on May 14, 2025.

Client alleges FA recommended 2 unsuitable private placement investments and improperly enticed him to make those investments. Allegation Activity dates: March 25, 2021 – March 24, 2025.

Broker Charles Camilleri in Raymond James Financial Services, INC. Firm Has Customer Complaint

July 22, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Charles Camilleri (Camilleri), currently associated with Raymond James Financial Services, INC., has at least one disclosable event. These events include one customer complaint, alleging that Camilleri 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 $299,720.00 on May 28, 2025.

The client alleged that the advisor transferred funds from her joint account without her consent or knowledge solely to her spouse’s name in April 2024.

There are Recent Customer Complaints with Broker Andrew Rodgers in Firm Raymond James Financial Services, INC.

July 16, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Andrew Rodgers (Rodgers), currently associated with Raymond James Financial Services, INC., has at least one disclosable event. These events include one customer complaint, alleging that Rodgers 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 $134,953.00 on July 26, 2023.

Client alleged financial advisor did not exercise fiduciary duty while managing discretionary account.