Raymond James Sued For Stockbroker Misconduct
John Charles Wyshak of Los Angeles California a stockbroker currently employed by Raymond James Associates Inc. is referenced in a customer initiated investment related arbitration claim where the customer sought $1,023,460.00 in damages based upon accusations of (1) fraudulent concealment (2) breach of contract (3) conversion (4) omission of material facts (5) churning (6) breach of fiduciary duty and (7) the firm’s failure to supervise equity transactions effected in the customer’s account between October of 2004 and November of 2017. Financial Industry Regulatory Authority (FINRA) Arbitration No. 18-00326 (Jan. 29, 2018).
FINRA Public Disclosure additionally reveals that on June 7, 1999, a customer initiated investment related complaint involving Wyshak’s activities was resolved for $45,000.00 in damages founded on allegations that trades were placed in the customer’s account on an excessive basis while Wyshak was associated with Gruntal & Co. L.L.C.
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