Unauthorized Trading with Raymond James Financial Services, Inc. Broker Gregory Collier Sr.
Posted on Wednesday, August 5th, 2020 at 8:24 pm
Erez Law is currently investigating Raymond James Financial Services, Inc. broker Gregory Collier Sr. (CRD# 1408843) regarding unauthorized trading. Collier has been registered with Raymond James Financial Services, Inc. in Mt. Dora, Florida since 2005.
Gregory Collier Sr. Accused of Unauthorized Trading
Collier has been the subject of two customer complaints in 2019, one of which was denied, according to his CRD report:
December 2019. “Claimant alleges unauthorized trading in the account. 02/05/2018-12/31/2018.” The customer sought $500,000 in damages and the case was settled for $200,000. The complaint took place while Collier was registered with Raymond James Financial Services, Inc.
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 Collier’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.