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Violation Tracker Individual Record

Company: Raymond James & Associates, Inc.
Current Parent Company: Raymond James Financial
Parent at the Time of the Penalty Announcement:  subscribe to see this data field
Penalty: $150,000
Year: 2023
Date: August 2, 2023
Offense Group: financial offenses
Primary Offense: investor protection violation
Violation Description: Raymond James agreed to pay $150,000 to the Missouri Secretary of State's Investor Education and Protection Fund in settlement of allegations the company failed to reasonably supervise on of its agents, resulting in trading in customer accounts without obtaining prior customer authorization.
Level of Government: state
Action Type: agency action
Agency: Missouri Secretary of State-Securities
Civil or Criminal Case: civil
Facility State: Missouri
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)
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.