Investment Security
Raymond James & Associates, Inc.About
Important information
- Government Actions:Government Action: BBB reports on known government actions involving business’ marketplace conduct:6694
Members of the North American Securities Administrators Association (NASAA) conducted a coordinated investigation into whether Raymond James charged unreasonable commissions on certain low principal equity transactions during the period of approximately July 1, 2018 to the present. Raymond James has agreed to resolve the Investigation upon the terms specified herein.
Despite these sanctions, Raymond James did not implement or maintain adequate compliance and supervisory systems to monitor Minimum Equity Commissions.
Raymond James is required to pay over $1.7 million in restitution to customers, including fines totaling $425,000. 20. Raymond James is hereby also ordered to pay full restitution in the amount of over $465,000, plus interest in the amount of 6%, to the California customers with transactions which included an unreasonable commission for services performed from July 1, 2018 through July 17, 2023.
Order to Pay Penalties. Pursuant to Corporations Code section 25252, Raymond James is hereby ordered to pay a penalty totaling $75,000.00 (Penalty) to the Commissioner for violations of the CSL. Payment of the Penalty shall be made no more than 15 days after the Effective Date.
About This Business
Products and Services
Business Details
- Local BBB:
- BBB of West Florida
- BBB File Opened:
- 7/1/1983
- Business Started:
- 1/1/1964
- Business Incorporated:
- 2/19/1969
- Type of Entity:
- Corporation
- Alternate Names:
- Raymond James Financial Services, Inc.
- Raymond James Bank, FSB
- Business Management:
- Mr. Thomas A. James, Chairperson
- Mr. Dennis W. Zank, COO
- Mr. Thomas R. Tremaine, Executive Vice President
- Mr. Tashtego Elwyn, President/CFO
- Mr. Jeffrey P. Julien, Director
- Mr. Jonathan N. Santelli, Secretary
- Mr. Tom Walrond, Senior Vice President
- Mr. Tom Galvin, Senior Vice President
- Mr. Patrick O'Connor, Senior Vice President
- Mr. John Lapwing, Vice President
- Mr. Ryan Brassard, Division Manager
- Mr. Todd Gartrell, Regional Director
- Mr. Paul Shoukry, Treasurer
- Mr. Jeff Dowdle, President
Additional Contact Information
- Principal Contacts
- Mr. Tashtego Elwyn, President/CFO
- Customer Contacts
- Mr. Thomas A. James, Chairperson
- Mr. Raymond LaCour, Senior Vice President of Office Services
- Mr. Dennis W. Zank, COO
- Mr. Thomas R. Tremaine, Executive Vice President
- Mr. Jim Conlin, Branch Manager
- Mr. Bruce Body, Branch Manager
- Ms. Karen Julien, Branch Manager
- Mr. Steve Acuff, Branch Manager
- Mr. David Morgan, Branch Manager
- Mr. Jim Aten, Branch Manager
- Mr. Evan Whittle, Branch Manager
- Mr. Greg Ghodsi, Branch Manager
- Mr. Troy Atlas, Branch Manager
- Mr. Tashtego Elwyn, President/CFO
- Mr. Jeffrey P. Julien, Director
- Mr. Jonathan N. Santelli, Secretary
- Mr. Fred Maschmidt, Branch Manager
- Mr. Bart Lewis, Branch Manager
- Mr. Tom Walrond, Senior Vice President
- Mr. Tom Galvin, Senior Vice President
- Mr. Patrick O'Connor, Senior Vice President
- Mr. John Lapwing, Vice President
- Mr. Ryan Brassard, Division Manager
- Mr. Todd Gartrell, Regional Director
- Mr. Paul Reilly, CEO
- Mr. Bob Carney, Branch Manager
- Mr. Paul Shoukry, Treasurer
- Mr. Jeff Dowdle, President
- Ms. Katie Austin, Marketing Director
- Kyle Witschen, Director of Dispute Resolution
- Mr. Andrew Avery, Senior Account Executive
- Fax numbers
- Primary Fax: (727) 567-8004
- Additional Phone Numbers
- Other Phone: (727) 796-5555
- Other Phone: (727) 584-8615
- Other Phone: (239) 513-6500
- Other Phone: (727) 896-0848
- Other Phone: (352) 597-8625
- Other Phone: (813) 960-1079
- Other Phone: (239) 649-3600
- Other Phone: (941) 907-0168
- Other Phone: (239) 415-8000
- Other Phone: (813) 835-2401
- Other Phone: (727) 221-3374
Licensing information
This business is in an industry that may require professional licensing, bonding or registration. BBB encourages you to check with the appropriate agency to be certain any requirements are currently being met.
BBB records show a license number of IA0901701 for this business, issued by Florida Office of Financial Regulation
Florida Office of Financial Regulation
101 E Gaines St
Tallahassee FL 32399
BBB records show a license number of BDB0901177 for this business, issued by Florida Office of Financial Regulation
Florida Office of Financial Regulation
101 E Gaines St
Tallahassee FL 32399
BBB records show a license number of BDB0901412 for this business, issued by Florida Office of Financial Regulation
Florida Office of Financial Regulation
101 E Gaines St
Tallahassee FL 32399
BBB records show a license number of BDB0901409 for this business, issued by Florida Office of Financial Regulation
Florida Office of Financial Regulation
101 E Gaines St
Tallahassee FL 32399
BBB records show a license number of BDB9903661 for this business, issued by Florida Office of Financial Regulation
Florida Office of Financial Regulation
101 E Gaines St
Tallahassee FL 32399
BBB records show a license number of BDB0901215 for this business, issued by Florida Office of Financial Regulation
Florida Office of Financial Regulation
101 E Gaines St
Tallahassee FL 32399
BBB records show a license number of BDB0901214 for this business, issued by Florida Office of Financial Regulation
Florida Office of Financial Regulation
101 E Gaines St
Tallahassee FL 32399
BBB records show a license number of BDB0901191 for this business, issued by Florida Office of Financial Regulation
Florida Office of Financial Regulation
101 E Gaines St
Tallahassee FL 32399
BBB records show a license number of BDB0901213 for this business, issued by Florida Office of Financial Regulation
Florida Office of Financial Regulation
101 E Gaines St
Tallahassee FL 32399
BBB records show a license number of BDB0901210 for this business, issued by Florida Office of Financial Regulation
Florida Office of Financial Regulation
101 E Gaines St
Tallahassee FL 32399
BBB records show a license number of BDB0901186 for this business, issued by Florida Office of Financial Regulation
Florida Office of Financial Regulation
101 E Gaines St
Tallahassee FL 32399
BBB records show a license number of BDB0901205 for this business, issued by Florida Office of Financial Regulation
Florida Office of Financial Regulation
101 E Gaines St
Tallahassee FL 32399
BBB records show a license number of BDB0901204 for this business, issued by Florida Office of Financial Regulation
Florida Office of Financial Regulation
101 E Gaines St
Tallahassee FL 32399
BBB records show a license number of BDB0901172 for this business, issued by Florida Office of Financial Regulation
Florida Office of Financial Regulation
101 E Gaines St
Tallahassee FL 32399
BBB records show a license number of BDB0901203 for this business, issued by Florida Office of Financial Regulation
Florida Office of Financial Regulation
101 E Gaines St
Tallahassee FL 32399
BBB records show a license number of BDB0901208 for this business, issued by Florida Office of Financial Regulation
Florida Office of Financial Regulation
101 E Gaines St
Tallahassee FL 32399
BBB records show a license number of BDB0901198 for this business, issued by Florida Office of Financial Regulation
Florida Office of Financial Regulation
101 E Gaines St
Tallahassee FL 32399
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