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Violation Tracker Individual Record

Company: Raymond James & Associates, Inc. and Raymond James Financial Services, Inc.
Current Parent Company: Raymond James Financial
Parent at the Time of the Penalty Announcement:  subscribe to see this data field
Penalty: $888,000
Year: 2005
Date: April 27, 2005
Offense Group: financial offenses
Primary Offense: investor protection violation
Violation Description: 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.
Level of Government: federal
Action Type: agency action
Agency: Financial Industry Regulatory Authority
Civil or Criminal Case: civil
HQ Country of Current Parent: USA
HQ State of Current Parent: Florida
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: financial services
Specific Industry of Current Parent: financial services
Source of Data: (click here)
Notes: 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).
Source Notes: If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.