DID FRANCESCO TRAINA CAUSE YOU INVESTMENT LOSSES?
About Francesco Traina of Raymond James Financial Services, Inc.?
Francesco Traina (CRD #5025477) located in Miami, Florida, has been in the financial services industry since 2005, with extensive experience across multiple firms. He is currently with Raymond James Financial Services, Inc. as a registered broker and Raymond James Financial Services Advisors, Inc. as a financial adviser, having joined both in September 2016. Previously, he worked with Wells Fargo Advisors, LLC from 2011 to 2016, Morgan Stanley Smith Barney from 2009 to 2011, and Citigroup Global Markets Inc. from 2005 to 2008. Traina He is registered with one self-regulatory organization (SRO) and holds licenses in 12 U.S. states, including Florida, California, New York, and Texas. He has passed one principal/supervisory exam, two general industry/product exams, and one multi-state securities law exam.
Investment Losses? Let’s talk.or, give us a ring at (800) 732-2889.
Francesco Traina Customer Complaints and Reviews
One disclosure appeared on Traina’s BrokerCheck record:
- Customer Dispute
- Date Filed: January 13, 2025
- Firm involved: Wells Fargo Clearing Services, LLC
- Claim: Plaintiff alleges that in 2015, Traina opened an unauthorized account under the plaintiff’s company name without consent.
- Alleged Damages: $20,000,000
- Legal Action: The case is filed in the United States District Court for the Northern District of Florida, Tallahassee Division, under case number 4:24-cv-00484-MW-MAF.
- Status: The complaint is currently pending litigation.
Allegations Against Francesco Traina
- The pending customer dispute involves a serious allegation regarding an unauthorized account allegedly opened in 2015 under a company’s name.
- The alleged damages are significant, totaling $20 million, suggesting that the plaintiff believes they suffered major financial harm.
- The case is currently in litigation at the federal level, which may take months or years to resolve.
- There is no indication of regulatory actions taken by FINRA or other governing bodies at this time.
Francesco Traina Red Flags & Your Rights As An Investor
Of course, Francesco Traina 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 Francesco Traina at Raymond James Financial Services, Inc. on alert to review carefully the activity and performance of their accounts and question whether Francesco Traina has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at Raymond James Financial Services, 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 Financial Services, Inc. Due To Francesco Traina
If you have questions about Raymond James Financial Services, Inc. and/or Francesco Traina 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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