Customer Disputes Allege Broker Made Unsuitable Recommendations
According to publicly available information from FINRA, Raymond James & Associates, Inc. has received a second customer dispute involving broker Robert Radli Jr. (CRD: 1076710) alleging that Radli made unsuitable investment recommendations, which resulted in customer losses. The conflict arises from transactions that occurred between June 3, 2011, and February 28, 2020. The customer is requesting damages in the amount of $800,000. The dispute is currently pending.
Mr. Radli has been employed with Raymond James and Associates, Inc. since 2011 and is registered as a broker and investment adviser. During his 31 years of experience, Mr. Radli has worked for seven (7) brokerage firms throughout his career.
The Financial Industry Regulatory Authority (FINRA) requires that investment recommendations be suitable. When an investment professional recommends the purchase or sale of a security that is unsuitable for the investor, the brokerage firm may be liable for any losses that result to the customer because of the unsuitable investment recommendation. If your advisor recommended unsuitable securities or an unsuitable portfolio to you and you suffered losses, you might be entitled to obtain damages through a FINRA arbitration.
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If you have suffered losses because of a stockbroker’s, financial advisor’s or other investment professional’s recommendations, contact Levin Law for a free case consultation at (855) 862-2306 or co*****@le********.com. Most cases are handled on a contingency-fee basis meaning that you would not be responsible for attorney’s fees unless money is recovered on your behalf.
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