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Monday, September 16, 2019

SOREIDE LAW GROUP: Mitchell Louis Silverman of Raymond accused of Fraud

By Press release submission | Aug 16, 2018

Soreide Law Group issued the following announcement on Aug. 15.

Silverman has disclosed five more customer on FINRA BrokerCheck regarding allegations of negligence, misrepresentation, omission, breach of contract, breach of fiduciary duty, and failure to supervise registered representatives.

1. On November 1, 1995, a J.B. Hanauer & Co. customer filed an arbitration alleging that Silverman failed to supervise a registered representative’s activities, which included engaging in excessive and unsuitable trading of corporate debt investments. On December 24, 1995, the customer’s claim was settled for $500,000.00 in damages.

2. On July 16, 1998, customer of J.B. Hanauer & Co. brought a civil suit, alleging Silverman’s failure to supervise a registered representative who sold the customers limited partnerships. The Suit was settled between the firm and the customers for $60,000.00 on December 30, 1998

3. On February 22, 2014, a Raymond James customer lodged a complaint which alleged unsuitable recommendations to have been made to the customer concerning municipal debt investments. Raymond James estimated that the customer sought more than $5,000.00 in damages.

4. On October 24, 2016, a customer of Raymond James filed an arbitration alleging violations of FINRA Rules 2010, 2090, 2020, 2210, 2111 and 3110. Causes of action also included breach of fiduciary duty, breach of good faith and fair dealing, breach of contract, misrepresentation, omission, negligence, and violations of Fla. Stat. 581.11. On November 22, 2017, the customer and Raymond James settled the arbitration for $37,500.00 in damaes.

Original source can be found here.

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