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Raymond James Financial Services, Inc. Financial Advisor Ramesh Madhusudan Has $9 Million Pending Customer Dispute

Posted on Saturday, October 7th, 2017 at 9:35 am    

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Erez Law is currently investigating Raymond James Financial Services, Inc. financial advisor Ramesh Madhusudan (CRD# 5389923) regarding unsuitability, breach of fiduciary duty and churning in customer accounts, among other securities violations. Madhusudan has been registered with Raymond James Financial Services, Inc. in Miami, Florida since August 2015. Previously, he was registered with:

  • JHD Capital Advisors, LLC in Miami, Florida from June 2013 to August 2015
  • National Securities Corporation in Miami, Florida from December 2011 to July 2013
  • Vfinance Investments, Inc. in Miami, Florida from July 2009 to December 2012

Madhusudan has been the subject of two customer complaints between 2011 and 2016, one of which was denied, according to his CRD report:

March 2016. “Unsuitability, Breach of Fiduciary Duty, Common Law Fraud, Breach of Contract, Negligent Supervision, Churning and Violation of the Nevada Securities Act 90.570.” The customer is seeking $9,000,000 in damages and the case is currently pending.

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 Madhusudan’s customers.

Erez Law represents investors in the United States for claims against Raymond James Financial Services, Inc. financial advisor Ramesh Madhusudan, regarding unsuitability, breach of fiduciary duty and churning in customer accounts, among other securities violations. If you were a client of Raymond James Financial Services, Inc. or another firm, 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.