DID DAX AARON SEALE CAUSE YOU INVESTMENT LOSSES?
Dax Seale Of Raymond James & Associates, Inc. Has 2 Customer Complaints For Alleged Broker Misconduct
About Dax Seale Of Raymond James & Associates, Inc.?
Dax Seale (CRD #5631159) is currently employed by Raymond James & Associates, Inc., based in Dallas, Texas, where he has been registered since July 9, 2015. He is registered with 5 self-regulatory organizations and licensed in 20 U.S. states and territories. Seale has passed three industry exams: the Securities Industry Essentials Examination, the General Securities Representative Examination, and the Uniform Combined State Law Examination. His previous registrations include stints at Edward Jones in both St. Louis, MO, and Dallas, Texas. His broad geographic licensure and range of registrations indicate a substantial breadth of operation within the industry.
Investment Losses? Let’s talk.or, give us a ring at (800) 732-2889.
Dax Seale Customer Complaints and Reviews
Dax Aaron Seale has two reported customer disputes:
- Customer Dispute 1 (Settled):
- Date of Filing: January 24, 2020
- Allegations: The client alleged unsuitable investment strategy and reverse churning from July 22, 2015, to November 30, 2018.
- Outcome: This dispute was settled on September 13, 2023, with Seale contributing $0 to the $9,500 settlement amount. This case was heard in the United States District Court – Middle District of Florida, Tampa Division.
- Customer Dispute 2 (Denied):
- Date Complaint Received: May 23, 2019
- Allegations: The client claimed an unsuitable investment strategy for the period from July 22, 2015, to April 15, 2019, involving managed accounts.
- Outcome: The complaint was denied by Raymond James on July 11, 2019, and the Texas securities regulator closed its file with no action against Seale, reinforcing the suitability of the investment recommendations made.
Allegations Against Dax Seale
- Unsuitable Investment Strategy and Reverse Churning:
- Details: Alleged unsuitable investment recommendations and lack of sufficient trading activity to justify fees in client’s account.
- Resolution: Settled in court with no direct financial burden on Seale; the firm covered the settlement.
- Unsuitable Investment Strategy (Managed Accounts):
- Details: Alleged failure to tailor investment strategies to the client’s financial situation and goals.
- Resolution: Complaint was fully investigated and subsequently denied, with regulatory authorities taking no further action, indicating validation of Seale’s investment approach as suitable for the client.
Dax Seale Red Flags & Your Rights As An Investor
Of course, Dax Seale did not admit to any of the allegations. But regardless of whether an arbitration award was entered, a settlement occurred, or the customer complaint is still pending, the allegations made by customers are red flags which should put all current and former customers of Dax Seale at Raymond James & Associates, Inc. on alert to review carefully the activity and performance of their accounts and question whether Dax Seale has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at Raymond James & Associates, Inc. also raises questions about the brokerage firm’s supervisory practices. If these red flags raise questions, call us and we will inform you of your rights as an investor.
Did You Lose Money Because of Broker Misconduct?
If you have lost money due to negligence or fraud by a stockbroker or advisor, the easiest way to know if you have a case is to call our office at 800-732-2889. Our investment fraud attorneys will evaluate your claim for free and let you know if we can help you recover your losses.
Need Legal Help? Let’s talk.or, give us a ring at 561-338-0037.
File A Claim To Recover Your Investment Losses At Raymond James & Associates, Inc. Due To Dax Seale
If you have questions about Raymond James & Associates, Inc. and/or Dax Seale and the management or performance of your accounts, please contact Attorney Pearce for a free initial consultation via email or Toll Free at 1-800-732-2889.
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