Image of exchange traders in pitAdam Saul Frankfort of New York New York a stockbroker currently employed by Raymond James Associates Inc. is the subject of a customer initiated investment related arbitration claim where the customer sought $1,000,000.00 in damages based upon accusations that when Frankfort was associated with Raymond James and former securities broker dealer Deutsche Bank Securities: (1) the customer’s account was administered negligently (2) contractual obligations had not been complied with (3) fiduciary duties were breached (4) unauthorized trades were executed in the customer’s account (5) an inappropriate margin-based trading strategy was utilized and (6) the customer’s assets were overconcentrated in sector-specific equities and stock positions. Financial Industry Regulatory Authority (FINRA) Arbitration No. 18-02812 (Aug. 9, 2018).

FINRA Public Disclosure confirms that on May 31, 2017, a customer filed an investment related complaint concerning Frankfort’s conduct in which the customer requested $1,000,000.00 in damages supported by allegations that when Frankfort was associated with Raymond James, the customer had been provided bad investment advice; improper statements were made by Frankfort concerning the stocks sold to the customer; and trades placed in the customer’s account were inappropriate.

Frankfort’s registration with Deutsche Bank Securities has been terminated as of September 6, 2016. Since then, he has been registered with Raymond James.

The information contained herein has been obtained from reliable sources however may not be accurate and is not guaranteed by us. Readers are encouraged to undertake their own independent investigation and evaluation of the relevant facts. All claims and allegations are subject to adjudication, decisions may be subject to appeal, and no inference is intended, nor should any inference be made from any information contained herein from any source.

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Guiliano Law Group, P.C.

Our practice is limited to the representation of investors. Over the last three decades, we have recovered more than a hundred million dollars for more than 1,000 injured investors from all over the United States and several foreign countries. We accept representation purely on a contingent fee basis, meaning there is no cost to you unless we make a recovery for you. There is never any charge for a confidential consultation or an evaluation of your claim. For more information, contact us at (877) SEC-ATTY.

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