Share
Business ProfileforRaymond James & Associates, Inc.
Additional business information
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.
At-a-glance
Products & Services
Business Details
This is a multi-location business.
- Location of This Business
- 880 Carillon Pkwy, Saint Petersburg, FL 33716-1102
- BBB File Opened:
- 7/1/1983
- Years in Business:
- 60
- Business Started:
- 1/1/1964
- Business Incorporated:
- 2/19/1969
- 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
These agencies may include:
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 RegulationThese agencies may include:
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 RegulationThese agencies may include:
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 RegulationThese agencies may include:
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 RegulationThese agencies may include:
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 RegulationThese agencies may include:
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 RegulationThese agencies may include:
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 RegulationThese agencies may include:
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 RegulationThese agencies may include:
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 RegulationThese agencies may include:
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 RegulationThese agencies may include:
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 RegulationThese agencies may include:
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 RegulationThese agencies may include:
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 RegulationThese agencies may include:
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 RegulationThese agencies may include:
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 RegulationThese agencies may include:
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 RegulationThese agencies may include:
Florida Office of Financial Regulation
101 E Gaines St
Tallahassee FL 32399
- Type of Entity:
- Corporation
- Alternate Business Name
- 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
- Contact Information
Principal
- Mr. Tashtego Elwyn, President/CFO
Customer Contact
- 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
- Additional Contact Information
Fax Numbers
- (727) 567-8004Primary Fax
Phone Numbers
- (727) 796-5555Other Phone
- (727) 584-8615Other Phone
- (727) 567-8004
Customer Complaints
12 Customer Complaints
Need to file a complaint? BBB is here to help. We'll guide you through the process. How BBB Processes Complaints and Reviews
File a ComplaintMost Recent Customer Complaint
01/15/2024
- Complaint Type:
- Service or Repair Issues
- Status:
- Unresolved
Customer Reviews
2 Customer Reviews
What do you think? Share your review.
Most Recent Customer Review
Erin A
02/14/2024
BBB Business Profiles may not be reproduced for sales or promotional purposes.
BBB Business Profiles are provided solely to assist you in exercising your own best judgment. BBB asks third parties who publish complaints, reviews and/or responses on this website to affirm that the information provided is accurate. However, BBB does not verify the accuracy of information provided by third parties, and does not guarantee the accuracy of any information in Business Profiles.
When considering complaint information, please take into account the company's size and volume of transactions, and understand that the nature of complaints and a firm's responses to them are often more important than the number of complaints.
BBB Business Profiles generally cover a three-year reporting period. BBB Business Profiles are subject to change at any time. If you choose to do business with this business, please let the business know that you contacted BBB for a BBB Business Profile.
As a matter of policy, BBB does not endorse any product, service or business.