Defendant Name: Raymond James & Associates, Inc.

Defendant Type: Subsidiary of Public Company
Public Company Parent: Raymond James Financial, Inc.
SIC Code: 6211
CUSIP: 75473010

Initial Case Details

Legal Case Name In the Matter of Raymond James & Associates, Inc.
First Document Date 08-Sep-2016
Initial Filing Format Administrative Action
File Number 3-17531
Allegation Type Investment Advisers/Investment Companies

Violations Alleged

Other
• Section 206(4) Investment Advisers Act; Rule 206(4)-7 Investment Advisers Act

Resolutions

First Resolution Date 08-Sep-2016
Headline Total Penalty and Disgorgement $600,000

Related Documents:

IA-4525 08-Sep-2016 Administrative Proceeding
Order Instituting Cease-and-Desist Proceedings Pursuant to Section 203(k) of the Investment Advisers Act of 1940, Making Findings, and Imposing a Cease-and-Desist Order
On September 8, 2016, the SEC issued a settled administrative proceedings against Raymond James & Associates, Inc. According to the SEC, "This matter arises from Raymond James’s failure to adopt and implement policies and procedures reasonably designed to prevent violations of the Advisers Act relating to trading commissions charged to advisory clients in the Raymond James Consulting Services (“RJCS”) program."
2016-181 08-Sep-2016 Press Release--Administrative Proceeding
Two Firms Charged with Compliance Failures in Wrap Fee Programs
On September 8, 2016, the SEC announced Raymond James & Associates, Inc., investment advisory firm, is settling charges related to compliance failures within its wrap fee programs.