Raymond James Broker the Subject of Multiple Customer Complaints
Broker William Seibert, who has been registered with Raymond James since 2013, has been the subject of five customer disputes.
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Customer Complaints Against William Seibert
Between 2007 and 2023, William Siebert of Raymond James has been named in five customer complaints. This includes allegations of recommending unsuitable investments, with an emphasis on oil and gas securities, and issues such as reverse churning and non-disclosure of margin use in a client’s account.
One particular case from January 2021 was settled for $1,022,500. This dispute centered around recommendations involving common and preferred stocks, sector concentration, and margin/stock loans.
It’s important to emphasize that brokerage firms have a responsibility under FINRA Rules to supervise their brokers’ activities while they are registered. This means that firms like Raymond James & Associates, Inc., where Seibert is registered, may be liable for any losses incurred by their customers due to the broker’s actions.
Are You Facing Investment Losses?
At Meyer Wilson, we stand ready to assist investors across the United States who have suffered losses due to broker misconduct or unsuitable investment advice. We understand the complexities of these situations and are committed to pursuing justice on behalf of our clients. If you find yourself in a position of financial loss due to the actions of your broker, please do not hesitate to seek professional guidance.
Reach out to us at 866-938-2021 for a complimentary consultation. Our team at Meyer Wilson is nationally recognized for representing individuals, trusts, corporations, and institutions in claims against brokerage firms, banks, and insurance companies on a contingency fee basis. We are dedicated to helping you navigate the path to recovery and secure the justice you deserve.
Remember, choosing the right legal partner can make all the difference in recouping your investment losses. Contact us today at 866-938-2021 or visit our website at investorclaims.com to start the conversation.
Recovering Losses Caused by Investment Misconduct.