Erez Law is currently investigating Raymond James Financial Services, Inc. broker Steven Lyons (CRD# 5343894) regarding mutual fund losses. Lyons has been registered with Raymond James Financial Services, Inc. in Newton, New Jersey since 2008.
Lyons has been the subject of one customer complaint in 202, according to his CRD report:
November 2020. “Client alleges mismanagement of account resulting in losses. Alleged Activity Dates: 8/18/2020 – 9/9/2020.” The customer is seeking $373,147 in damages and the case is currently pending. The complaint was regarding mutual funds.
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 Financial Services, Inc. may be liable for investment or other losses suffered by Lyons’ customers.
Erez Law represents investors in the United States for claims against brokers and brokerage firms for wrongdoing. If and 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.