Sign up today and take advantage of member-only content — the kind of timely, cutting edge industry insight that only Money Management Executive can deliver.
  • Exclusive Online Only Content
  • Free Daily Email News Alerts
  • Asset Management Blogs

Raymond James Fined $2.75M for Poor Oversight

The NASD has fined Raymond James $2.75 million for lax supervision of 1,000 of its producing branch managers between 2000 and 2004. In a related action, NASD permanently barred one of the firm's former branch managers, Donna Vogt, for recommending unsuitable mutual funds and variable annuities to retirees.

(c) 2007 Money Management Executive and SourceMedia, Inc. All Rights Reserved.