There are options for clients of Raymond James & Associates, Inc. broker Barry Sobel (CRD# 2014407) who suffered investment losses due to unsuitable recommendations. He has been registered with Raymond James & Associates, Inc. in Atlanta, Georgia, since 2016. He was registered with Deutsche Bank Securities Inc. in Atlanta, Georgia, from 2005 to 2016.
Barry Sobel Customer Complaints
He has been the subject of one customer complaint, according to his CRD report:
September 2020. “Claimant alleges that from 2014 to 2016, DBSI made unsuitable investments in Claimant’s discretionary account. Claimant asserts several causes of action including breach of contract, unsuitability and breach of fiduciary duty.” The customer sought $1,000,000 in damages, and the case was settled for $355,000.
Pursuant to FINRA Rules, member firms are responsible for supervising a broker’s activities during the time the broker is registered with the firm. Therefore, Raymond James & Associates, Inc. may be liable for investment or other losses suffered by Barry Sobel’s customers.
Erez Law represents investors in the United States for claims against brokers and brokerage firms for wrongdoing. If you have experienced investment losses, please call us at 888-840-1571 or complete our contact form for a free consultation. Erez Law is a nationally recognized law firm representing individuals, trusts, corporations and institutions in claims against brokerage firms, banks and insurance companies on a contingency fee basis.
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