Defendant Name:
Raymond James & Associates, Inc.
Defendant Type:
Subsidiary of Public Company
Public Company Parent:
Raymond James Financial, Inc.
SIC Code:
6211
CUSIP:
75473010
Document Reference:
IA-4525
Document Details
Legal Case Name
In the Matter of Raymond James & Associates, Inc.
Document Name
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
Document Date
08-Sep-2016
Document Format
Administrative Proceeding
Allegation Type
Investment Advisers/Investment Companies
Document Summary
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."
Disgorgement & Penalty Information
Resolutions
Cease and Desist Order
Other Compliance Related Undertaking
Remedial Acts or Efforts Before the Resolution
Monetary Penalties:
Civil Penalty
Individual:
$600,000.00
Shared:
