Because of this agreement, a pre-tax charge of $45 million was recorded in the quarter ending June 30, 2011. This charge was a result of an estimate of the current truthful value of the securities to be repurchased by the corporate being lower than their par value. It is predicted that the final word realized loss will be considerably less as issuers refinance or redeem these securities, interest charges rise and/or collateral values improve. Raymond James offered $2.3 billion value of ARS, underwrote $1.2 billion, and was the public sale supplier for over $725 million. Because the $330 billion marketplace for ARS crashed in 2008, at least 19 underwriters and broker-sellers had been sued in class action fits. In September 2011, the Financial Industry Regulatory Authority ordered Raymond James & Associates, Inc. and Raymond James Financial Services, Inc. to pay restitution of $1.Sixty nine million to 15,500 of their shoppers for charging excessive commissions on greater than 27,000 securities transactions. FINRA additionally fined RJA $225,000 and RJFS $200,000. On May 18, 2016 Raymond James was fined $17 Million for Systemic Anti-Money Laundering Compliance Failures. On December 21, 2017 Raymond James was fined $2 million for failing to reasonably supervise e-mail communications. Raymond James Stadium, a multi-objective stadium in Tampa, Florida, is named after the corporate by means of a licensing deal. Kelly, Bruce. "Tom James to step down as chairman of Raymond James early subsequent year". Editorial, Reuters. "Raymond James Financial". Churchill, John (2005-02-17). "From Brokerage House to the big House". Reuters (2004-09-13). "Regulators Charge Brokerage Firm Raymond James". Shepherd Smith Edwards & Kantas LTD LLP. Associated Press (2006-08-04). "Could you fall for investment fraud?". Financial Industry Regulatory Authority.

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Raymond James Financial, Inc. is an American multinational unbiased investment bank and monetary providers company providing monetary companies to people, firms, and municipalities by way of its subsidiary firms that engage primarily in investment and monetary planning, along with investment banking and asset administration. Headquartered in St. Petersburg, Florida, Raymond James is considered one of the most important banking establishments within the United States. Raymond James was based in 1962 when St. Petersburg broker, Robert James, formed Robert A. James Investments. In 1964, it merged with Raymond & Associates, founded by Edward Raymond in 1963, to form Raymond James & Associates. He remains on the leadership crew as Chairman Emeritus. In 2012, the agency bought the Canadian belongings of Allied Irish Bank. In April 2012, they merged with Morgan Keegan & Company, creating one of many nation's largest full-service wealth administration and investment banking companies not headquartered in New York. As of the fiscal quarter ending September 30, 2021, the agency had delivered 135 consecutive quarters of profitability.  Th is da᠎ta　was wri tt en ​by G​SA Con tent Generator ᠎DE MO .

In June 2016, it was listed as a Fortune 500 company for the primary time. In September 2016, the agency introduced its acquisition of Deutsche Bank Wealth Management's US non-public client companies unit, Alex Brown & Sons. As of September 30, 2021, Raymond James has roughly 8,four hundred monetary advisors throughout the United States, Canada and overseas. Total shopper assets under management are approximately $1.18 trillion. Raymond James has 4 foremost traces of operation: non-public client group, capital markets (made up of equity and fixed earnings capital markets as well as public finance), asset administration group (made up of asset administration providers and Carillon tower advisers) and banking. In 2004, the SEC fined Raymond James Financial Services, Inc. $6.9 million for failure to supervise former broker Dennis Herula. Herula was accused of collaborating with others in a Ponzi scheme that raised about $44.5 million from investors in 1999-2000. Herula himself raised about $16.5 million of investor funds, most of which was later transferred to his wife's brokerage account at Raymond James.

He was arrested in Bermuda and pleaded responsible to criminal costs of wire fraud and sentenced to 188 months in prison. In 2005, the National Association of Securities Dealers fined Raymond James $2.75 million for lax supervision of producing department managers. The investigation started with one Raymond James supervisor, who worked from an office in her Wisconsin house, handling roughly 700 accounts and selling primarily mutual funds and variable annuities. The Wisconsin manager was accused of promoting unsuitable aggressive mutual funds and variable annuities over a four-12 months interval. On June 29, 2011, Raymond James announced an settlement to repurchase at par public sale price securities (ARS) bought to purchasers via its domestic broker/seller subsidiaries previous to February 13, 2008. The settlement-reached with the Securities and Exchange Commission and with state securities regulators led by Florida and Texas-resolved greater than three years of investigation related to exercise within the ARS market. Without admitting or denying the allegations, the agency also agreed to pay a nice totaling $1.Seventy five million to the state regulators, however was not fined by the SEC.