Advisor Alert: Our Attorneys Are Investigating Russell William Stein For Investment Fraud
Did You Lose Money Because of Russell Stein?
Filed: January 31, 2024
Russell Stein has been the subject of three (3) 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 Russell William Stein.
Who Is Russell William Stein of Raymond James & Associates, Inc.?
- Advisor Name: Russell William Stein
- Aliases: Russell Stein
- CRD: 434765
- Location: Houston, Texas
- Current Employer: Raymond James & Associates, Inc.
- Previous Firms: Morgan Keegan & Company, Inc. and First Union Securities, Inc.
- Number of Known Customer Complaints: 3
- Can Russell Stein Be Sued: Yes, in Private Arbitration
- Can Russell Stein’s Employers Be Sued For Failing to Supervise Actions: Yes, in Private Arbitration
- Highest Damages Allegation: $2,000,000
- Highest Settlement: $1,102,500
If you have suffered investment losses by Russell Stein, we strongly encourage you to exercise your rights to experienced legal representation. Recover what is owed to you by retaining a breach of fiduciary duty 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 Russell Stein For Broker Misconduct
As of this publication date, Russell Stein has been the subject of 3 customer disputes. Let’s review them below.
In August 2020, a FINRA arbitration was filed against or in reference to Russell Stein by a customer of Raymond James & Associates, Inc. alleging unauthorized trading and unsuitable investments. On August 10, 2021, Mr. Stein settled the claim for $167,500, and some or all of this amount may have been paid by Mr. Stein’s employer and/or insurance carrier.
In July 2009, a FINRA arbitration was filed against or in reference to Russell Stein by a customer of Morgan Keegan & Company, Inc. alleging misrepresentation and unsuitability with regard to mutual funds purchased in July 2007. Per the customer, he/she lost over $2,000,000 because of Mr. Stein’s actions. On April 20, 2011, Mr. Stein settled the claim for $1,102,500, and some or all of this amount may have been paid by Mr. Stein’s employer and/or insurance carrier.
In September 1989, a complaint was filed against or in reference to Russell Stein by a customer of Merrill Lynch alleging failure to disclose the charges involved and that the investment was unsuitable. Per the customer, he/she lost over $151,198.77 because of Mr. Stein’s actions. On September 26, 1989, Mr. Stein settled the claim for $151,198.77, and some or all of this amount may have been paid by Mr. Stein’s employer and/or insurance carrier.
How To File A Claim Against Russell Stein of Raymond James & Associates, Inc. (previously with Morgan Keegan & Company, Inc. and First Union Securities, Inc.) To Get Your Money Back
If you have questions about Russell Stein, Raymond James & Associates, Inc., Morgan Keegan & Company, 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.