Last Updated: December 2023 (George Island, FL & Louisville, KY)
Jon Rice Investigation Summary
Here’s what you need to know about George Island, FL and Louisville, KY, stockbroker Jon Rice:
- Name: Mr. Jon Travis Rice
- Current Employer: Raymond James Financial Services
- DBA: Harmony Wealth Partners, Harmony Wealth
- Previous Firms: J.P. Morgan Securities
- Function: Stock Broker/ Financial Advisor/ Registered Investment Advisor
- Aliases: Jon Rice
- Primary Location: George Island, FL & Louisville, KY
- CRD 4961184
- Can Jon Rice be sued in FINRA arbitration: Yes
- Sanctioned by FINRA: No
- Customer Dispute Denied by Firm: Yes
Discuss your case with experienced investment fraud lawyer Bob Rex at (877) 224-3199 for a free consultation.
Did You Lose Money With Jon Rice As Your Stockbroker?
In 2/2023 a customer of Raymond James alleged that Jon Rice made unsuitable recommendations to invest in exchange traded funds (ETFs) causing losses of $139,000. The company ‘denied’ the claim and apparently did not seek professional assistance. See below for our advice if a brokerage firm ‘denies” your allegations of wrongdoing.
Allegations of Broker Misconduct Against Jon Rice
A customer of Jon Rice has alleged the following wrongdoing in connection with the handling of customer accounts:
- Unsuitable Investment Recommendation to invest in Exchange Traded Funds
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.
Has Your Brokerage Firm “Denied” Your Claim for Damages Due to Stockbroker Malpractice?
It is quite common, as well as predictable, for brokerage firms to deny a customer’s complaint made directly to the company. Firms know that in many, if not most, instances telling the customer “we don’t think it’s our fault” will be an end to the problem. In other words, it’s generally a waste of your time to sit down with the office manager & the broker.
Firms seldom, if ever, offer any resolution when a customer deals directly with them, or if they do, will attempt to have you settle your case for a fraction of what it is actually worth.
We suggest that if you think there is a problem with the way your account has been handled, or if you have had your claim “denied”, talk to an experienced securities attorney.
Firms Have a Duty to Supervise their Financial Advisors (FINRA Rules 3110 & 2090)
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
Recover Your Investment Losses Now With Rex Securities Law
If you have suffered investment losses in an account handled by Jon Rice, 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.
