Advisor Alert: Our Attorneys Are Investigating Maria Erneston Hendershott For Investment Fraud
Did You Lose Money Because of Maria Hendershott?
Filed: January 24, 2024
Maria Hendershott has been the subject of five (5) customer complaints. As an investor, you may be entitled to compensation for losses accrued due to mismanagement of your investments.
Let’s begin our Patil Law Advisor Alert with a summary report on Maria Erneston Hendershott.
Who Is Maria Erneston Hendershott of Raymond James & Associates, Inc.?
- Advisor Name: Maria Erneston Hendershott
- Aliases: Maria E Hendershott
- CRD: 818681
- Location: Houston, Texas
- Current Employer: Raymond James & Associates, Inc.
- Previous Firms: Legg Mason Wood Walker Inc. and First Union Securities, Inc.
- Number of Known Customer Complaints: 5
- Can Maria Hendershott Be Sued: Yes, in Private Arbitration
- Can Maria Hendershott’s Employers Be Sued For Failing to Supervise Actions: Yes, in Private Arbitration
- Highest Damages Allegation: $1,500,000
- Highest Settlement: $285,000
If you have suffered investment losses by Maria Hendershott, we strongly encourage you to exercise your rights to experienced legal representation. Recover what is owed to you by retaining an investment fraud lawyer. Reach out to the legal team at Patil Law, P.C. via the secure online form or call the firm directly toll-free at 1-800-950-6553.
Customer Complaints Filed Against Maria Hendershott For Broker Misconduct
As of this publication date, Maria Hendershott has been the subject of 5 customer disputes. Let’s review them below.
In August 2019, a FINRA arbitration was filed against or in reference to Maria Hendershott by a customer of Raymond James & Associates, Inc. alleging unsuitable investments, misrepresentations and omissions, overconcentration, violation of FINRA rule 2210, negligence, respondeat superior. Per the customer, he/she lost over $175,000 because of Ms. Hendershott’s actions. On May 1, 2020, Ms. Hendershott settled the claim for $70,000, and some or all of this amount may have been paid by Ms. Hendershott’s employer and/or insurance carrier.
In November 2018, a FINRA arbitration was filed against or in reference to Maria Hendershott by a customer of Raymond James & Associates, Inc. alleging Breach of Contract and Warranties, Promissory Estoppel, Violation of Provisions of The Texas State Securities Statutes, Ann. Texas Civil Statutes Art. 581-33, Violation of Fraud Statutes of Texas Bc. Code Ann. § 27.01, Violation Of The Texas Deceptive Trade Practices Act Bc. Code Ann. § 17.46 and Tex Bc. Code Ann. § 17.50, Breach of Fiduciary Duty & Vicarious Liability. Per the customer, he/she lost over $500,000 because of Ms. Hendershott’s actions. On August 19, 2019, Ms. Hendershott settled the claim for $55,000, and some or all of this amount may have been paid by Ms. Hendershott’s employer and/or insurance carrier.
In October 2017, a FINRA arbitration was filed against or in reference to Maria Hendershott by a customer of Raymond James & Associates, Inc. alleging gross mismanagement of accounts, investor abuse, churning, breach of fiduciary duty, negligence, and violation of industry rules. Per the customer, he/she lost over $100,000 because of Ms. Hendershott’s actions. On September 18, 2018, Ms. Hendershott settled the claim for $75,000, and some or all of this amount may have been paid by Ms. Hendershott’s employer and/or insurance carrier.
In January 2016, a FINRA arbitration was filed against or in reference to Maria Hendershott by a customer of Raymond James & Associates, Inc. alleging Suitability, Over-concentration, Breach of Fiduciary Duty, Texas Securities Act Claim; Fraud by Misrepresentation and Omission, and Negligent Misrepresentation. Per the customer, he/she lost over $1,500,000 because of Ms. Hendershott’s actions. On February 28, 2017, Ms. Hendershott settled the claim for $285,000, and some or all of this amount may have been paid by Ms. Hendershott’s employer and/or insurance carrier.
In November 1994, a complaint was filed against or in reference to Maria Hendershott by a customer of Kemper Securities, Inc. alleging unsuitable investments and misrepresentations. Per the customer, he/she lost over $148,708.89 because of Ms. Hendershott’s actions. On October 23, 1995, Ms. Hendershott settled the claim for $20,000, and some or all of this amount may have been paid by Ms. Hendershott’s employer and/or insurance carrier.
How To File A Claim Against Maria Hendershott of Raymond James & Associates, Inc. (previously with Legg Mason Wood Walker Inc. and First Union Securities, Inc.) To Get Your Money Back
If you have questions about Maria Hendershott, Raymond James & Associates, Inc., Legg Mason Wood Walker Inc., First Union Securities, Inc., or the management or performance of your accounts, please contact Attorney Patil for a free initial consultation via email or toll-free at 1-800-950-6553.