Just weeks after FINRA fined the firm a record $17 million for deficiencies in its anti-money laundering program, Raymond James has found itself in hot water again over alleged compliance failures.
The latest stumbling block: An SEC-appointed receiver has filed suit against Raymond James, seeking damages for allegedly enabling a fraud scheme involving $350 million in investor funds, a Vermont ski resort and a Miami branch manager.
Register or login for access to this item and much more
All On Wall Street content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access