Last Updated: February 2025, Miami, FL
Here’s what you need to know about Miami, FL, stockbroker Francesco Traina:
- Name: Mr. Francesco Traina
- Current Employer: Raymond James Financial Services Advisors, Inc.
- Former Employers: Wells Fargo Advisors, Morgan Stanley Smith Barney
- Function: Stockbroker / Financial Advisor
- Primary Location: Miami, FL
- CRD: 5025477
- Can Francesco Traina be sued in FINRA arbitration? Yes
- Sanctioned by FINRA: No
- Pending Customer Dispute Seeks Damages of: $20,000,000.00
If you’ve sustained damages from Mr. Traina, discuss your case with experienced investment fraud lawyer Bob Rex at (877) 224-3199 for a free consultation.
Did You Lose Money With Francesco Traina As Your Stockbroker?
A customer dispute involving Francesco Traina was filed on January 13, 2025 (Case #4:24-cv-00484-MW-MAF) in the United States District Court for the Northern District of Florida, Tallahassee Division. The plaintiff alleges that in 2015, Mr. Traina opened an unauthorized account under the plaintiff’s company name without authorization. The alleged damages in this case are $20,000,000.00, and the matter is currently pending.
Allegations of Broker Misconduct Against Francesco Traina
Customers of Francesco Traina have alleged the following misconduct in connection with the handling of their accounts:
- Unauthorized Account Opening: Allegations that Mr. Traina opened an account under a corporate entity’s name without proper authorization, which is a potential violation of FINRA Rule 2010, which mandates high standards of commercial honor and just and equitable principles of trade.
- Failure to Supervise: As this unauthorized activity took place while Mr. Traina was associated with Wells Fargo Clearing Services, LLC, there may be concerns regarding inadequate supervision, which would violate FINRA Rule 3110 on supervisory responsibilities.
The Financial Industry Regulatory Authority (FINRA) requires brokers and brokerage firms to report customer complaints, disputes, and regulatory sanctions. Brokers must also disclose 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 Francesco Traina, 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.