Subscribe

Raymond James in court over $1.7M arbitration settlement over suitability

work boots at starting line

Not-so-binding arbitration? Two months after Raymond James Financial Services Inc. was ordered to pay $1.7 million as a result of an arbitration decision over suitability, the broker-dealer and the client are arguing in court.

Two months after Raymond James Financial Services Inc. was ordered to pay $1.7 million to an elderly Texas man, the broker-dealer and the client are arguing over the payment in court.
Plaintiff's attorney Tracy Pride Stoneman this week filed a response in the 298th Judicial District Court in Dallas

Subscribe or log in to read the rest of this content.

Related Topics:

Learn more about reprints and licensing for this article.

Recent Articles by Author

Stuck in the middle

Newly elected Finra board member whose firm is connected to a bribery scandal says the matter should have no effect on his ability to serve.

Fighting for market share in the LTC business

A handful of publicly held life insurers dominate the market for traditional long-term-care insurance, but mutual life insurers are beginning to make inroads with agents and financial advisers.

Breaking up is hard to do – especially with annuities

Two months after Raymond James Financial Services Inc. was ordered to pay $1.7 million to an elderly Texas…

Longevity insurance promising – but higher rates would help

Two months after Raymond James Financial Services Inc. was ordered to pay $1.7 million to an elderly Texas…

Long-term care: Cutting back coverage

When a 74-year-old client visited Ellen R. Siegel six years ago with news of an upcoming 12% rate increase on the premium of her long-term-care insurance, the adviser knew she had to navigate the potential benefit cuts with the precision of a surgeon.

X

Subscribe and Save 60%

Premium Access
Print + Digital

Learn more
Subscribe to Print