Advisor Alert: Our Attorneys Are Investigating Richard Lee Snipes For Investment Fraud
Did You Lose Money Because of Rick Snipes?
Filed: January x, 2024
Richard Snipes (also known as Rick Snipes) 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 Richard Lee Snipes.
Who Is Richard Lee Snipes of Raymond James & Associates, Inc.?
- Advisor Name: Richard Lee Snipes
- Aliases: Richard Snipes, Rick Snipes
- CRD: 2182199
- Location: Anderson, Indiana
- Current Employer: Raymond James & Associates, Inc.
- Previous Firms: McDonald Investments Inc. and Key Investments Inc.
- Number of Known Customer Complaints: 5
- Can Richard Snipes Be Sued: Yes, in Private Arbitration
- Can Richard Snipes’s Employers Be Sued For Failing to Supervise Actions: Yes, in Private Arbitration
- Highest Damages Allegation: $153,000
- Highest Settlement: $16,499.87
If you have suffered investment losses by Richard Snipes, we strongly encourage you to exercise your rights to experienced legal representation. Recover what is owed to you by retaining a churning 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 Rick Snipes For Broker Misconduct
As of this publication date, Richard Snipes has been the subject of 5 customer disputes. Let’s review them below.
In April 2020, a complaint was filed against or in reference to Richard Snipes by a customer of Raymond James & Associates, Inc. alleging that Mr. Snipes gave incorrect information about taxes when withdrawing funds from an annuity. Per the customer, he/she lost over $8,082 because of Mr. Snipes’s actions. On February 14, 2022, Mr. Snipes settled the claim for $4,376, and some or all of this amount may have been paid by Mr. Snipes’s employer and/or insurance carrier.
In November 2019, a complaint was filed against or in reference to Richard Snipes by a customer of Raymond James & Associates, Inc. alleging that Mr. Snipes misrepresented annuity. Per the customer, he/she lost over $153,000 because of Mr. Snipes’s actions.
In August 2011, a complaint was filed against or in reference to Richard Snipes by a customer of Raymond James & Associates, Inc. alleging undisclosed fees. On September 29, 2011, Mr. Snipes settled the claim for $16,499.87, and some or all of this amount may have been paid by Mr. Snipes’s employer and/or insurance carrier.
In January 2008, a complaint was filed against or in reference to Richard Snipes by a customer of Raymond James & Associates, Inc. alleging suitability. The client alleges that variable annuity recommended by the advisor was unsuitable for her. Per the customer, she lost over $17,000 because of Mr. Snipes’s actions.
In August 2003, a complaint was filed against or in reference to Richard Snipes by a customer of Raymond James & Associates, Inc. alleging misrepresentation with respect to investment selection. Per the customer, he/she lost over $75,000 because of Mr. Snipes’s actions.
How To File A Claim Against Rick Snipes of Raymond James & Associates, Inc. (previously with McDonald Investments Inc. and Key Investments Inc.) To Get Your Money Back
If you have questions about Richard Snipes, Raymond James & Associates, Inc., McDonald Investments Inc., Key Investments 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.