National investment loss lawyers KlaymanToskes is investigating broker Tom Reyes (CRD# 3168338) of Raymond James Financial Services and Next Financial Group, who has been permanently barred from acting as a broker by the Financial Industry Regulatory Authority (“FINRA”) following allegations that he refused to appear for on-the-record testimony requested by FINRA, in connection with the regulator’s investigation into the circumstances giving rise to Form U5 Amendments filed by his member firm, including allegations of selling away.
According to FINRA BrokerCheck, Tom Reyes was registered with Raymond James from 2015 until April 21, 2022, when the firm filed a Uniform Termination Notice for Securities Industry Registration (Form U5) disclosing an “[i]nternal review concern[ing] potential undisclosed outside business activity” by Reyes.
On August 22, 2022, Raymond James filed a Form U5 Amendment disclosing that its internal review concluded that Reyes “sold annuities that were not on the firm’s approved product list away from the firm.” Tom Reyes was also previously registered with Next Financial Group from April 2022 to July 2023 in LaVista, NE.
Investors that suffered losses with broker Tom Reyes are encouraged to contact attorney Lawrence L. Klayman, Esq., at 888-997-9956 or by email at lawrence@klaymantoskes.com to discuss recovery options. We do not collect attorney’s fees unless we are able to obtain a financial recovery for you.
KlaymanToskes is a leading national investment loss law firm that represents the interests of investors throughout the world who have suffered losses due to broker misconduct, investment fraud, and securities violations.
The articles linked below contain important information relating to KlaymanToskes’ investigation of broker Tom Reyes:
If you suffered losses with broker Bryan Noonan, contact KlaymanToskes at 888-997-9956 or fill out a short contact form for a free and confidential consultation.
The firm has helped recover over $600 million* for investors, and can help you determine if your loss is due to financial advisor misconduct, unsuitable investment advice, and/or other securities violations.
*Exclusive of attorneys fees and costs.
As an investor, there are a few signs that you should look out for if you believe you may have a claim against broker Tom Reyes. These signs could potentially indicate broker misconduct, negligence, or investment fraud. Investors are encourage to contact our firm immediately if you have experienced any of the following:
Some investors have close relationships with their brokers due to the time and trust built over the course of their investment relationship. However, it is crucial to remember that financial decisions should be based on careful analysis and due diligence rather than solely relying on personal relationships.
According to FINRA, brokerage firms such as Raymond James Financial Services and Next Financial Group are responsible for the supervision of all of the activities of their registered brokers and investment advisors. Investors may be entitled to a financial recovery if their brokerage firm failed to supervise the representative managing their brokerage account, and/or if their broker/advisor made unsuitable investment recommendations.
Engaging the services of an experienced securities attorney to evaluate the specific circumstances of your case is strongly advised. At KlaymanToskes, our team of experienced securities attorneys has a deep understanding of this complex area of law, allowing us to provide invaluable insight and tailored guidance that directly addresses your individual needs.
If you suffered losses with broker Tom Reyes, or have concerns regarding your investment portfolio at Raymond James Financial Services and/or Next Financial Group, contact KlaymanToskes at 888-997-9956 or fill out a short contact form for a free and confidential consultation.