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Violation Tracker Individual Record

Company: Raymond James & Associates, Inc. et al.
Current Parent Company: Raymond James Financial
Parent at the Time of the Penalty Announcement:  subscribe to see this data field
Penalty: $12,450,000
Year: 2023
Date: July 10, 2023
Offense Group: financial offenses
Primary Offense: investor protection violation
Violation Description: Raymond James & Associates and Raymond James Financial Services agreed to pay $8.25 million in restitution and fines to state enforcement agencies and to the North American Securities Administrators Association totalling $4.2 million in settlement of allegations it charged unreasonable commissions to retail brokerage customers on some equity transactions.
Level of Government: state
Action Type: agency action
Agency: Multistate Financial Regulators Case
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)
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.