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We Need Information About Raymond James Financial Broker Jeffrey S. Ingros

The Financial Industry Regulatory Authority (FINRA) licenses and regulates the stock brokerage industry. It requires stock brokerage firms and their stock brokers to be qualified, registered, and approved by the agency before they may offer and sell securities to the public. FINRA also requires its registrants to immediately report regulatory events, such as suspensions, fines, and customer complaints, against the firm and broker. FINRA maintains a database of investor complaints and disciplinary and employment history for registered representatives and publishes some of this information on its BrokerCheck website, www.brokercheck.finra.org. The FINRA BrokerCheck is purportedly useful for predicting future broker misconduct. Unfortunately, not all customer complaints are accurately or completely reported on the website. We are seeking investors with information about Raymond James Financial Services broker Jeffrey S. Ingros to determine whether the reported information on the FINRA BrokerCheck website is accurate and complete.

FINRA reports that Mr. Ingros has been registered in the securities industry since 1991. Over the years, he has been registered with 6 brokerage firms: Metropolitan Life Insurance Company, MetLife Securities Inc., Advest Inc., Janney Montgomery Scott LLC, Merrill Lynch Pierce Fenner and Smith Inc. and, most recently, Raymond James Financial Services Inc. During that period, the FINRA BrokerCheck report indicates that Mr. Ingros has been the subject of one Regulatory Event and 10 Customer Disputes.

The Regulatory Events include a FINRA enforcement action in which Mr. Ingros was permanently barred from the industry for refusing to appear for on the record testimony requested by FINRA during its investigation into allegations that he accepted undisclosed loans from customers and engaged in outside business activities. The bar went into effect March 11, 2016.

There are customer disputes with allegations of fraud, breach of fiduciary duty, violation of FINRA rules, and failure to supervise that have supposedly settled for amounts ranging from $7,500 to $730,000. Four customer disputes were rejected by the brokerage firm and supposedly no further action was taken by the customer. We believe that Mr. Ingros' employers may have not accurately or completely reported all of the Customer Disputes involving him and request that all investors with complaints against Mr. Ingros contact our office immediately.

The most important of investors' rights is the right to be informed! We intend to notify FINRA of any and all unreported or inaccurate customer complaints against this firm and/or broker. This blog post is by the Law Offices of Robert Wayne Pearce, P.A., located in Boca Raton, Florida. For over 35 years, Attorney Pearce has tried, arbitrated, and mediated hundreds of disputes involving complex securities, commodities and investment law issues. The lawyers at our law firm are devoted to protecting investors' rights throughout the United States and internationally! Please visit our website, www.secatty.com, post a comment, call (800) 732-2889, or email Mr. Pearce at pearce@rwpearce.com for answers to any of your questions about this blog post and/or any related matter.