Violation Tracker Individual Record

Company: 
Raymond James & Associates, Inc. et al.
Current Parent Company: 
Raymond James Financial
Penalty: 
$15,000,000
Year: 
2019
Date: 
September 17, 2019
Offense Group: 
financial offenses
Primary Offense: 
investor protection violation
Violation Description: 

Three Raymond James entities agreed to pay $15 million to settle allegations of improperly charging advisory fees on inactive retail client accounts and charging excess commissions for brokerage customer investments in certain unit investment trusts.

Level of Government: 
federal
Action Type: 
agency action
Agency: 
Securities and Exchange Commission
Civil or Criminal Case: 
civil
HQ Country of Parent: 
USA
HQ State of Parent: 
Florida
Ownership Structure of Parent: 
publicly traded
Major Industry of Parent: 
financial services
Specific Industry of Parent: 
financial services
Source Notes: 
If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Parent company note: 
Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.