Finra bars former Raymond James rep over churning allegations

Finra bars former Raymond James rep over churning allegations
Stuart Nichols, who failed to take part in hearing, was discharged last year.
OCT 28, 2019
The Financial Industry Regulatory Authority Inc. has barred former Raymond James representative Stuart Nichols for failing to take part in an inquiry looking into his trading activities at the firm. [Recommended video: Why aren't people joining the financial advice industry?] In a letter of acceptance, waiver and consent, Finra said that it was investigating whether Mr. Nichols, of Birmingham, Ala., had engaged in excessive trading of customer accounts. In December 2018, Raymond James & Associates terminated his registration, and he is no longer associated with a Finra member. Our final Women Adviser Summit of 2019 will be held in New York City. Register now.

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