Last Updated: November 2023 (Coral Gables, FL)
Raymond Sardina Investigation Summary
Here’s what you need to know about Coral Gables, FL, stockbroker Raymond Sardina:
- Name: Mr. Raymond Sardina
- Current Employer: Raymond James & Associates
- Previous Firms: Morgan Stanley
- Function: Stock Broker/ Financial Advisor
- Aliases: None
- Primary Location: Coral Gables, Florida
- CRD 3068885
- Can Raymond Sardina be sued in FINRA arbitration: Yes
- Sanctioned by FINRA: No
- Pending Customer Dispute Seeks Damages of $1,500,000
Discuss your case with experienced investment fraud lawyer Bob Rex at (877) 224-3199 for a free consultation.
Did You Lose Money With Raymond Sardina As Your Stockbroker?
A customer of Raymond James & Assoc. has filed a FINRA arbitration alleging that Raymond Sardina inappropriately invested him in speculative , high-risk investments using margin, including investments in equity-linked securities focused on energy and biotech in concentrated positions.
Raymond Sardina has been sanctioned by FINRA twice: Once for untimely completion of continuing education and the second time for borrowing money from a customer of the firm in violation of company policy.
Brokers and their firms have a duty to comply with the FINRA suitability rule which requires that they have a reasonable basis to believe that a recommendation is suitable for the customer. FINRA Rule 2111- suitability
Allegations of Broker Misconduct Against Raymond Sardina
A customer of Raymond Sardina has alleged the following wrongdoing in connection with the handling of customer accounts:
- Unsuitable Investment Recommendation to invest in speculative and high-risk investments
- Over concentrated positions.
The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.
Recover Your Investment Losses Now With Rex Securities Law
If you have suffered investment losses in an account handled by Raymond Sardina, contact us for a complimentary consultation with an experienced securities lawyer to learn how you may be able to recover damages through FINRA arbitration.
With offices in Boca Raton, FL and Austin, TX, stockbroker fraud attorney Bob Rex provides representation to investors nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers, financial advisors and broker dealers.
If you have questions about how your account has been handled, call (877) 224-3199 to speak with an experienced securities attorney at no cost to you.
Most cases are handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.