DID CHARLES MATTHEW FAGAN CAUSE YOU INVESTMENT LOSSES?
About Charles Fagin of Raymond James & Associates, Inc.?
Charles Fagin (CRD #5040887) , located in St Louis, Missouri, has been a registered securities broker since 2006, with a current affiliation at Raymond James & Associates, Inc. since November 2011. He is registered with five self-regulatory organizations (SROs) and holds licenses in 27 U.S. states and territories. His prior registrations include Wells Fargo Advisors, LLC (2008–2011) and A.G. Edwards & Sons, Inc. (2006–2008). Fagan has passed two general industry/product exams and one multi-state securities law exam. He holds a professional designation as a Certified Financial Planner.
Investment Losses? Let’s talk.or, give us a ring at (800) 732-2889.
Charles Fagin Customer Complaints and Reviews
There was one Customer Dispute noted on his record:
- Customer Dispute received August 15, 2023:
- Complaint: Customers alleged that Fagan concentrated their investments in unsuitable Ginnie Mae products with long maturity rates to generate higher commissions. They claimed the products were misrepresented as safe, short-duration investments and that the associated risks were not properly explained.
- Outcome October 16, 2024: The matter was settled for $450,000, with no contribution required from Fagan.
Allegations Against Charles Fagin
- Customer Dispute Allegations:
- The claimants alleged that the broker placed their investments into Ginnie Mae products with extended maturity terms without adequately explaining the risks. The allegations further stated that these products were mischaracterized as short-term and safe, which they claimed led to financial losses.
- Resolution:
- Raymond James chose to settle the case to mitigate legal expenses and distractions.
- Fagan maintained that he was not directly involved in the allegations or settlement decision and did not financially contribute to the resolution.
Charles Fagin Red Flags & Your Rights As An Investor
Of course, Charles Fagin 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 Charles Fagin at Raymond James & Associates, Inc. on alert to review carefully the activity and performance of their accounts and question whether Charles Fagin 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 Charles Fagin
If you have questions about Raymond James & Associates, Inc. and/or Charles Fagin 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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