Finra smacks Raymond James with $1.15 million penalty over compliance shortcomings
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Raymond James Financial Services overlooked 'multiple red flags' related to the activities of two brokers, according to Finra.
The Financial Industry Regulatory Authority Inc. said Thursday it had reached a settlement with two broker-dealers under the roof of Raymond James Financial Inc. for a variety of compliance failures, including missing red flags when overcharging clients.
The two Raymond James firms agreed to Fin
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