Erez Law Investigates Raymond James Financial Services, Inc. Financial Advisor Joseph Esposito
Posted on Thursday, March 21st, 2019 at 1:34 pm
Erez Law is interested in speaking with investors who may have suffered losses due to investments with Raymond James Financial Services, Inc. financial advisor Joseph Esposito (CRD# 860964). Esposito has been registered with Raymond James Financial Services, Inc. in Clarks Summit, Pennsylvania since August 2016. Previously, Esposito was registered with Wells Fargo Advisors, LLC in Scranton, Pennsylvania from 2003 to 2016.
Esposito has been the subject of two customer complaints between 1998 and 2017, one of which was denied, according to his CRD report:
June 2017. “Claimants allege that between 2008 and 2016 that their accounts were excessively traded and the many of the securities recommended to them were unsuitable.” The case was settled for $125,000. This case was regarding municipal debt.
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 Esposito’s 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.