Goodman and Nekvasil May Recover Investors Losses | Paul McLellan Alexander Jr (Paul Alexander), Financial Advisor Suspended by FINRA
Paul Alexander was licensed with Raymond James & Associates, Inc. from 2009 to 2015. FINRA reports that Paul Alexander was suspended from association with any FINRA member in any capacity for twenty business days and fined $5,000.
FINRA reports Paul Alexander consented to the sanctions and to the entry of findings that in contravention of Paul Alexander’s member firm’s policies and procedures, Paul Alexander effected transactions while exercising discretion without prior written authorization in customer accounts and without his employing frim accepting the accounts as discretionary.
Raymond James & Associates reported to FINRA that Paul Alexander was permitted to resign after Paul Alexander acknowledged to the Firm, while it was investigation the allegations contained in a customer complaint, that Paul Alexander had taken time and price discretion for clients.
Raymond James & Associates reported to FINRA that a customer complaint that alleged unauthorized trading activity from May 2012 until January 30, 2013 settled for $95,000 on March 1, 2016.
Raymond James & Associated reported to FINRA that a customer complaint that alleged from May 2009 through August 2013, unsuitable investments, excessive trading and unauthorized discretion, among other things, settled for $250,000 on March 13, 2015.
Goodman & Nekvasil, P.A., a Clearwater, Florida, law firm with a national practice representing victimized investors, continues to investigate brokerage firms that placed elderly retirees and other conservative investors in high-risk investments.
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. We would like to discuss the possibility of your retaining our firm to represent you in an arbitration action.
Goodman & Nekvasil, P.A., has filed hundreds of cases against brokerage firms selling high-risk investments and has recovered more than $180 million dollars on behalf of victimized investors. We allege in these cases that these investment recommendations were unsuitable for our clients in view of their financial situation, needs and investment objectives. All our cases are handled on a purely contingency fee basis.
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. Finally, the filing of such a case should not affect your ownership of these investments in any way.
If you incurred losses on your investment with Paul Alexander Jr., you may be able to recover your losses from Raymond James & Associates. This is because Raymond James & Associates, had a duty to supervise Paul McLellan Alexander Jr. If you 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.