GOODMAN & NEKVASIL P.A, MAY RECOVER INVESTOR LOSSES – LUIS JACOB ALAYO RIERA FIRED BY RAYMOND JAMES & ASSOCIATES, INC.
From 2011 until his firing in 2016, Luis Alayo-Riera worked for Raymond James & Associates, Inc. Luis Alayo-Riera now works for IFS Securities. According to FINRA records, Luis Alayo-Riera was fired by Raymond James & Associates, Inc. on December 22, 2016. Raymond James & Associates, Inc. reported to FINRA that Luis Alayo-Riera was fired for failing to fully cooperate with Raymond James & Associates, Inc.’s internal investigation related to allegations that Luis Alayo-Riera introduced a non-client to an investment outside of Raymond James & Associates, Inc.
FINRA reports that an arbitration claim was filed, alleging misrepresentation, negligence, breach of contract, breach of fiduciary duty, lack of due diligence, selling away, unsuitable investments, unjust enrichment and violation of the 1933 Federal Securities Act by Luis Alayo-Riera. This claim involving Luis Alayo-Riera’s conduct with Raymond James & Associates, Inc. is pending.
FINRA also reports that four previous arbitration claims were settled involving Luis Alayo-Riera’s conduct with Luis Alayo-Riera’s brokerage firm. Two of these settlements were for $242,500 and $131,000.
If you lost any money on investments with Luis Alayo-Riera, you may be able to recover your losses from Raymond James & Associates, Inc. and/or IFS Securities. This is because Raymond James & Associates, Inc. and IFS Securities had a duty to supervise Luis Alayo-Riera.
If you lost money on investments with Luis Alayo-Riera and believe that the investments may have been unsuitable or otherwise improper for you, we would like to discuss the possibility of your retaining our firm to represent you in an arbitration action against Raymond James & Associates, Inc. and/or IFS Securities concerning Luis Alayo-Riera’s conduct. There is no charge for an evaluation of your case. Further, we handle our cases on a contingency fee basis. This means that unless we recover money for you, we charge no attorney’s fee. Unless you recover any money, you pay us nothing, not even the costs and expenses which the firm will advance on your behalf.
Kalju Nekvasil, Esq., formerly regional counsel with the NASD, now known as FINRA, has practiced in this area of the law for more than 35 years. Goodman & Nekvasil, P.A. has recovered more than $300 million on behalf of victimized investors. If you lost money on investments with Luis Alayo-Riera and would like your case evaluated by a securities attorney (again, there is no charge for an evaluation and all cases are handled on a purely contingency fee basis), please contact us.
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