According to FINRA’s Disciplinary and Other Actions publication, broker Raymond Sardina (CRD No. 3068885) of Raymond James and Associates, Inc. was suspended by FINRA for allegedly borrowing money from a client.
FINRA alleged that Sardina borrowed $10,000 from a customer of his member firm without notifying the firm he had received the loan or obtaining approval to do so. FINRA also alleged that Sardina falsely represented on the Firm’s annual questionnaire that he had not received any loans from Firm customers.
FINRA rules and policies prohibit registered persons from borrowing from or lending to any customer of his or her member firm employer.
The suspension was in effect from April 20, 2015 through May 19, 2015. (See FINRA AWC. No. 2013038581401)
According to FINRA’s Broker Check Raymond Sardina has been registered in the securities industry for fourteen (14) years and is currently registered with:
RAYMOND JAMES & ASSOCIATES, INC.
CORAL GABLES, FL
Raymond Sardina was previously registered with:
MORGAN STANLEY DW INC.
09/2000 – 03/2007
If you have suffered financial losses as a result of your broker’s or brokerage firm’s misconduct, contact the Hanley Law to discuss your legal options. The Hanley Law is dedicated to helping investors nationwide who have been victims of securities fraud. If you have been a victim of securities fraud, you may be entitled to recover your investment losses. Contact the Hanley Law toll free at (239) 649-0050 for a complimentary initial consultation.