Violation Tracker Individual Record
NASD censured and fined Raymond James & Associates, Inc. and Raymond James Financial Services, Inc. $750,000 for violations relating to the firms' fee-based brokerage business. The firms were also required to pay restitution totaling $138,000.
FINRA is a securities industry self-regulatory body authorized by the federal government. This case was handled by its predecessor, the National Association of Securities Dealers (NASD).