New York Securities Fraud Lawyers Blog
The securities and investment fraud attorneys are interested in hearing from investors with complaints involving Scott Teich of Raymond James. Per his BrokerCheck Report, maintained by the Financial Industry Regulatory Authority (“FINRA”), Mr. Teich is a registered stock broker with Raymond James, based out of Florida.
Mr. Teich’s BrokerCheck Report indicates that he has been the subject of at least six customer complaints. He has also reportedly been the subject of an “employment separation after allegations.”
In addition to Raymond James, Mr. Teich has also been registered with Gruntal & Co., First Colonial Securities, Paragon Capital Corp (which FINRA reports was “expelled” from FINRA in 2004).
In 1999, Mr. Teich was reportedly the subject of a customer complaint alleging “high-pressure sales tactics” and “misleading information.”
Shortly thereafter, Mr. Teich voluntarily resigned during an internal firm investigation, per FINRA records.
Two years later, in 2001, a customer of Mr. Teich’s complained about “speculative, risky and unsuitable investments” purchased in their account. That case was reportedly settled for $22,500.
BrokerCheck indicates that in 2005, Mr. Teich was the broker of record in a complaint concerning unsuitable variable annuities.
In 2008, Mr. Teich was again reported to be the subject of a customer complaint alleging improper activity in a client account. This time the allegations surrounded “unauthorized trades.”
In 2010, FINRA records indicate that Mr. Teich was the subject of a $300,000 customer complaint concerning “suitability, breach of contract, misrepresentation, negligence, breach of fiduciary duty, common law fraud, violation of Florida Statutes Chapter 517, [and] fraudulent inducement.”
Mr. Teich’s most recent reported customer complaint, in 2011, was related to auction rate securities and was settled for $25,000.
If you or a family member lost money with Scott Teich, you are encouraged to contact the securities and investment fraud lawyers at Malecki Law for a free consultation and case evaluation at (212) 943-1233.
Malecki Law has successfully brought securities actions on behalf of investors who suffered losses as a result of unscrupulous actions taken in their securities accounts, recovering millions of dollars for their clients.
Malecki Law takes a proactive and informed approach to the financial news of today: actively engaging in fact-finding analysis on prospective cases from around the world. Our thorough knowledge of securities law’s history and fine points makes us ideal consultants for investors who have suffered losses due to misadvice from their broker or other financial counsel.