DID RICHARD LEE SNIPES CAUSE YOU INVESTMENT LOSSES?
Richard Snipes Of Raymond James & Associates, Inc. Has 5 Customer Complaints For Alleged Broker Misconduct
About Richard Snipes Of Raymond James & Associates, Inc.?
Richard Snipes (CRD #2182199) is a seasoned broker currently registered with Raymond James & Associates, Inc., since December 2002. His professional qualifications include passing three principal/supervisory exams, four general industry/product exams, and two multi-state securities law exams. Snipes is registered with five Self-Regulatory Organizations (SROs) and licensed in 31 U.S. states and territories. His previous affiliations include McDonald Investments Inc., Key Investments Inc., and other notable firms, reflecting a well-rounded and extensive career in financial services.
Investment Losses? Let’s talk.or, give us a ring at (800) 732-2889.
Richard Snipes Customer Complaints and Reviews
- Customer Disputes (5 Incidents)
- Settlements and Denials: The disclosed disputes include a mix of settled cases and denials involving issues such as misinformation about taxes on withdrawals from annuities and undisclosed fees in investment products.
- Annuity Misinformation (2020): Settled for $4,376, where Snipes was alleged to have given incorrect tax information.
- Undisclosed Fees in Mutual Funds (2011): Settled for $16,499.87, where fees were misquoted to a client.
- Settlements and Denials: The disclosed disputes include a mix of settled cases and denials involving issues such as misinformation about taxes on withdrawals from annuities and undisclosed fees in investment products.
- Other Denials: Include allegations regarding misrepresentation and suitability of annuity products and investments, all denied by Snipes or his firm.
Allegations Against Richard Snipes
- In Customer Disputes:
- Misinformation on Tax Consequences: Related to withdrawals from annuities, leading to a financial settlement.
- Undisclosed and Misquoted Fees: Pertaining to mutual funds and unit investment trusts, which were eventually settled with a client refund.
- Misrepresentation and Suitability: Allegations that Snipes recommended unsuitable investment products, specifically variable annuities, which were denied or resulted in no action.
Richard Snipes Red Flags & Your Rights As An Investor
Of course, Richard Snipes 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 Richard Snipes at Raymond James & Associates, Inc. on alert to review carefully the activity and performance of their accounts and question whether Richard Snipes 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 Richard Snipes
If you have questions about Raymond James & Associates, Inc. and/or Richard Snipes 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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