The White Law Group Files A FINRA Lawsuit Against Raymond James & Associates, Inc.

Summary

• Lawsuit Alleges Raymond James & Associates, Inc. Recommended Unsuitable REITs and Energy Investments.

The White Law Group is announcing that it has filed a FINRA Lawsuit against Raymond James & Associates, Inc. on behalf of a Pennsylvania resident, requesting damages for alleged violation of common law fraud, breach of fiduciary duty, negligence, and negligent supervision.

The suit alleges that Raymond James & Associates, Inc. unsuitably invested its client in the following high risk REITs and energy investments, among others:

Martin Midstream Partners, LP (MMLP)

Catchmark Timber TR Incorporated Class A REIT (CTT)

Enterprise Product Partners, LP (EPD)

Hi-Crush Partners, LP (HCLP)

Stonemor Partners, LP (STON)

Enlink Midstream Partners, LP (ENLK)

USA Compression Partners, LP (USAC)

Care Trust REIT (CTRE)

LINN Energy, LLC (LINE)

Mid Con Energy Partners, LP (MCEP)

CEDAR Realty Trust, Inc. (CDR)

Campus Crest Community, Inc. REIT (CCG)

American Home 4 Rent REIT (AMH.PRA)

NGL Energy Partners, LP (NGL)

LRR Energy, LP (LRE)

The claim seeks damages in an amount between $100,000 and $350,000.

The Statement of Claim further alleges that Raymond James & Associates, Inc. failed to perform the necessary due diligence on these investments prior to recommending them to these particular investors. Before recommending an investment, a broker-dealer has a fiduciary duty to adequately disclose the risks involved in the investment and to perform the necessary due diligence to determine whether the investment is suitable for the investor.

It is further alleged that the financial advisor that was involved with the accounts at issue is Barry D. Richter. According to the Financial Industry Regulatory Authority, Richter has been the broker of record for at least eight (8) customer disputes during his career in the securities industry.

According to D. Daxton White, managing partner of The White Law Group, "It is unfortunate, but we believe that many more investors have suffered devastating losses due to the broker-dealer's failure to supervise and don't realize they have recovery options."

“Brokerage firms are required to supervise their advisors to ensure that they are complying with FINRA rules. If it can be determined that Raymond James & Associates, Inc. violated FINRA rules, it can be held responsible for any resulting losses in a FINRA arbitration claim.”

The White Law Group, LLC is a national securities fraud, securities arbitration, investor protection, and securities regulation/compliance law firm with offices in Chicago, Illinois and Franklin, Tennessee.

The firm has handled more than 600 FINRA arbitration claims alleging claims for unsuitable investment recommendations, conversion, breach of fiduciary duty, selling away, fraud and other issues.

For more information The White Law Group and the FINRA claim filed against Raymond James & Associates, Inc., please contact the offices at 1-888-637-5510 or visit https://www.whitesecuritieslaw.com.