Advisor Alert: Our Attorneys Are Investigating Steven Paul Reznik For Investment Fraud

Chetan Patil on January 30, 2024

Did You Lose Money Because of Steve Reznik?

Filed: January 24, 2024

Steven Reznik (also known as Steve Reznik) has been the subject of twenty-eight (28) 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 Steven Paul Reznik.

Who Is Steven Paul Reznik?

  • Advisor Name: Steven Paul Reznik
  • Aliases: Steven Paul Reznick, Steve Reznik
  • CRD: 1067199
  • Location: Tallahassee, Florida
  • Current Employer: Currently Not Registered
  • Previous Firms: Raymond James Financial Services, Inc., Pebsco Securities Corp., and Integrated Resources Equity Corporation
  • Number of Known Customer Complaints: 28
  • Can Steve Reznik Be Sued: Yes, in Private Arbitration
  • Can Steve Reznik’s Employers Be Sued For Failing to Supervise Actions: Yes, in Private Arbitration
  • Highest Damages Allegation: $2,000,000
  • Highest Settlement: $395,000

If you have suffered investment losses by Steven Reznik, 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 Steve Reznik For Broker Misconduct

As of this publication date, Steven Reznik has been the subject of 28 customer disputes. Let’s review them below.

In February 2023, a complaint was filed against or in reference to Steven Reznik by a customer of Raymond James Financial Services, Inc. alleging that Mr. Reznik recommended unsuitable securities; improperly concentrated and failed to properly allocate and diversify the former client’s investment portfolio; improperly attempted to time the market with investments; and may have had a conflict of interest. On May 25, 2023, Mr. Reznik settled the claim for $27,500, and some or all of this amount may have been paid by Mr. Reznik’s employer and/or insurance carrier.

In July 2022, a FINRA arbitration was filed against or in reference to Steven Reznik by a customer of Raymond James Financial Services, Inc. alleging that Mr. Reznik recommended an unsuitable options investment strategy. Per the customer, he/she lost over $100,000 because of Mr. Reznik’s actions. On September 26, 2022, Mr. Reznik settled the claim for $20,000, and some or all of this amount may have been paid by Mr. Reznik’s employer and/or insurance carrier.

In December 2020, a FINRA arbitration was filed against or in reference to Steven Reznik by a customer of Raymond James Financial Services, Inc. alleging unsuitable investments. Per the customer, he/she lost over $500,000 because of Mr. Reznik’s actions. On February 24, 2021, Mr. Reznik settled the claim for $100,000, and some or all of this amount may have been paid by Mr. Reznik’s employer and/or insurance carrier.

In January 2020, a FINRA arbitration was filed against or in reference to Steven Reznik by a customer of Raymond James Financial Services, Inc. alleging unauthorized trading and unsuitable investments. Per the customer, he/she lost over $1,000,000 because of Mr. Reznik’s actions. On May 20, 2020, Mr. Reznik settled the claim for $90,000, and some or all of this amount may have been paid by Mr. Reznik’s employer and/or insurance carrier.

In October 2019, a FINRA arbitration was filed against or in reference to Steven Reznik by a customer of Raymond James Financial Services, Inc. alleging negligence, violation of FINRA rules 2110, 2310, 2120, 2330, and 2111, breach of contract, negligent supervision and breach of fiduciary duty. Per the customer, he/she lost over $350,000 because of Mr. Reznik’s actions. On June 19, 2020, Mr. Reznik settled the claim for $105,000, and some or all of this amount may have been paid by Mr. Reznik’s employer and/or insurance carrier.

In October 2019, a FINRA arbitration was filed against or in reference to Steven Reznik by a customer of Raymond James Financial Services, Inc. alleging unsuitability, breach of fiduciary duty, negligence, negligent misrepresentation, intentional misrepresentation, negligent supervision, hiring and retention, and breach of contract. Per the customer, he/she lost over $150,000 because of Mr. Reznik’s actions. On April 21, 2020, Mr. Reznik settled the claim for $89,000, and some or all of this amount may have been paid by Mr. Reznik’s employer and/or insurance carrier.

In September 2019, a FINRA arbitration was filed against or in reference to Steven Reznik by a customer of Raymond James Financial Services, Inc. alleging unsuitability, breach of fiduciary duty, negligence, negligent misrepresentation, intentional misrepresentation, negligent supervision, hiring and retention, and breach of contract. Per the customer, he/she lost over $150,000 because of Mr. Reznik’s actions. On April 21, 2020, Mr. Reznik settled the claim for $50,000, and some or all of this amount may have been paid by Mr. Reznik’s employer and/or insurance carrier.

In September 2019, a FINRA arbitration was filed against or in reference to Steven Reznik by a customer of Raymond James Financial Services, Inc. alleging overconcentration, suitability, breach of fiduciary duty, negligence, negligent supervision, fraud, breach of contract, violation of the Virginia Securities Act, violation of the Florida Securities and Investor Protection Act. Per the customer, he/she lost over $1,000,000 because of Mr. Reznik’s actions. On March 20, 2020, Mr. Reznik settled the claim for $395,000, and some or all of this amount may have been paid by Mr. Reznik’s employer and/or insurance carrier.

In July 2019, a FINRA arbitration was filed against or in reference to Steven Reznik by a customer of Raymond James Financial Services, Inc. alleging negligence and violation of FINRA rules 2110, 2310, 2120, 2330 and 2111, breach of contract, negligent supervision, breach of fiduciary duty and violation of florida statute §772.11(1) (elder/disabled financial exploitation). Per the customer, he/she lost over $120,000 because of Mr. Reznik’s actions. On December 13, 2019, Mr. Reznik settled the claim for $26,000, and some or all of this amount may have been paid by Mr. Reznik’s employer and/or insurance carrier.

In March 2019, a FINRA arbitration was filed against or in reference to Steven Reznik by a customer of Raymond James Financial Services, Inc. alleging negligence; breach of contract; negligent supervision; and breach of fiduciary duty. Per the customer, he/she lost over $500,000 because of Mr. Reznik’s actions. On January 6, 2020, Mr. Reznik settled the claim for $86,250, and some or all of this amount may have been paid by Mr. Reznik’s employer and/or insurance carrier.

In March 2019, a FINRA arbitration was filed against or in reference to Steven Reznik by a customer of Raymond James Financial Services, Inc. alleging overconcentration, unauthorized trading, negligence, breach of contract, negligent supervision, breach of fiduciary duties and violation of FINRA rules 2110, 2310, 2120, 2330 and 2111. Per the customer, he/she lost over $60,000 because of Mr. Reznik’s actions. On November 15, 2019, Mr. Reznik settled the claim for $20,000, and some or all of this amount may have been paid by Mr. Reznik’s employer and/or insurance carrier.

In March 2019, a FINRA arbitration was filed against or in reference to Steven Reznik by a customer of Raymond James Financial Services, Inc. alleging unsuitability, overcentration, breach of fiduciary duty, negligence, negligent representation, intentional misrepresentation, negligent supervision, breach of contract. Per the customer, he/she lost over $350,000 because of Mr. Reznik’s actions. On June 3, 2019, Mr. Reznik settled the claim for $275,000, and some or all of this amount may have been paid by Mr. Reznik’s employer and/or insurance carrier.

In January 2019, a FINRA arbitration was filed against or in reference to Steven Reznik by a customer of Raymond James Financial Services, Inc. alleging negligence and violation of FINRA rules 2110,2310,2120,2330 and 2111; breach of contract; negligent supervision; and breach of fiduciary duty.  Per the customer, he/she lost over $100,000 because of Mr. Reznik’s actions. On October 4, 2019, Mr. Reznik settled the claim for $30,000, and some or all of this amount may have been paid by Mr. Reznik’s employer and/or insurance carrier.

In January 2019, a FINRA arbitration was filed against or in reference to Steven Reznik by a customer of Raymond James Financial Services, Inc. alleging overconcentration, unauthorized trading, negligence, constructive fraud. On December 2, 2019, Mr. Reznik settled the claim for $99,500, and some or all of this amount may have been paid by Mr. Reznik’s employer and/or insurance carrier.

In December 2018, a complaint was filed against or in reference to Steven Reznik by a customer of Raymond James Financial Services, Inc. alleging poor performance. Per the customer, he/she lost over $15,267 because of Mr. Reznik’s actions. On January 14, 2019, Mr. Reznik settled the claim for $3,750, and some or all of this amount may have been paid by Mr. Reznik’s employer and/or insurance carrier.

In November 2018, a FINRA arbitration was filed against or in reference to Steven Reznik by a customer of Raymond James Financial Services, Inc. alleging suitability, overconcentration, unauthorized trading, negligence and violation of FINRA rules 2110, 2310, 2120, 2330 and 2111, breach of contract, negligent supervision and breach of fiduciary duty. Per the customer, he/she lost over $125,000 because of Mr. Reznik’s actions. On July 22, 2019, Mr. Reznik settled the claim for $65,000, and some or all of this amount may have been paid by Mr. Reznik’s employer and/or insurance carrier.

In October 2018, a FINRA arbitration was filed against or in reference to Steven Reznik by a customer of Raymond James Financial Services, Inc. alleging unsuitability, respondeat superior, failure to supervise, negligence, fraud, breach of contract, negligent supervision, breach of fiduciary duty. On July 16, 2019, Mr. Reznik settled the claim for $30,000, and some or all of this amount may have been paid by Mr. Reznik’s employer and/or insurance carrier.

In September 2018, a FINRA arbitration was filed against or in reference to Steven Reznik by a customer of Raymond James Financial Services, Inc. alleging misrepresentations and omissions relating to unauthorized trades, fraud, breach of fiduciary duty, failure to supervise, negligence, gross negligence, negligent retention, negligent misrepresentation, concentration, and respondeat superior liability. Per the customer, he/she lost over $2,000,000 because of Mr. Reznik’s actions. On March 13, 2019, Mr. Reznik settled the claim for $145,000, and some or all of this amount may have been paid by Mr. Reznik’s employer and/or insurance carrier.

In September 2018, a complaint was filed against or in reference to Steven Reznik by a customer of Raymond James Financial Services, Inc. alleging suitability. Per the customer, he/she lost over $142,183 because of Mr. Reznik’s actions. On January 11, 2019, Mr. Reznik settled the claim for $10,000, and some or all of this amount may have been paid by Mr. Reznik’s employer and/or insurance carrier.

In September 2018, a FINRA arbitration was filed against or in reference to Steven Reznik by a customer of Raymond James Financial Services, Inc. alleging unsuitability, common law fraud, breach of contract, negligent supervision, breach of fiduciary duty, and Violation of the Florida Securities Act. Per the customer, he/she lost over $100,000 because of Mr. Reznik’s actions. On April 26, 2019, Mr. Reznik settled the claim for $14,999, and some or all of this amount may have been paid by Mr. Reznik’s employer and/or insurance carrier.

In August 2018, a FINRA arbitration was filed against or in reference to Steven Reznik by a customer of Raymond James Financial Services, Inc. alleging respondeat superior, unsuitability, common law fraud, breach of contract, negligent supervision, breach of fiduciary duty. On April 26, 2019, Mr. Reznik settled the claim for $32,500, and some or all of this amount may have been paid by Mr. Reznik’s employer and/or insurance carrier.

In August 2018, a complaint was filed against or in reference to Steven Reznik by a customer of Raymond James Financial Services, Inc. alleging poor performance. Per the customer, he/she lost over $40,000 because of Mr. Reznik’s actions. On November 6, 2018, Mr. Reznik settled the claim for $5,000, and some or all of this amount may have been paid by Mr. Reznik’s employer and/or insurance carrier.

In August 2018, a complaint was filed against or in reference to Steven Reznik by a customer of Raymond James Financial Services, Inc. alleging poor performance. Per the customer, he/she lost over $100,000 because of Mr. Reznik’s actions. On November 11, 2018, Mr. Reznik settled the claim for $17,500, and some or all of this amount may have been paid by Mr. Reznik’s employer and/or insurance carrier.

In July 2018, a complaint was filed against or in reference to Steven Reznik by a customer of Raymond James Financial Services, Inc. alleging unauthorized trades and suitability. Per the customer, he/she lost over $35,000 because of Mr. Reznik’s actions. On August 15, 2018, Mr. Reznik settled the claim for $12,961, and some or all of this amount may have been paid by Mr. Reznik’s employer and/or insurance carrier.

In May 2018, a complaint was filed against or in reference to Steven Reznik by a customer of Raymond James Financial Services, Inc. alleging concentration and performance. Per the customer, he/she lost over $58,721 because of Mr. Reznik’s actions. On July 11, 2018, Mr. Reznik settled the claim for $5,000, and some or all of this amount may have been paid by Mr. Reznik’s employer and/or insurance carrier.

In March 2018, a complaint was filed against or in reference to Steven Reznik by a customer of Raymond James Financial Services, Inc. alleging poor performance. On November 23, 2018, Mr. Reznik settled the claim for $17,500, and some or all of this amount may have been paid by Mr. Reznik’s employer and/or insurance carrier.

In June 2017, a complaint was filed against or in reference to Steven Reznik by a customer of Raymond James Financial Services, Inc. alleging unauthorized trading and unsuitable investments. Per the customer, he/she lost over $38,000 because of Mr. Reznik’s actions. On February 21, 2018, Mr. Reznik settled the claim for $15,000, and some or all of this amount may have been paid by Mr. Reznik’s employer and/or insurance carrier.

In September 1998, a complaint was filed against or in reference to Steven Reznik by a customer of Raymond James Financial Services, Inc. alleging that Mr. Reznik executed numerous unauthorized trades on the client’s account and was responsible for being placed in call options, an inappropriate security for an investor in her financial position. Per the customer, she lost over $60,000 because of Mr. Reznik’s actions. On December 1, 1999, Mr. Reznik settled the claim for $3,500, and some or all of this amount may have been paid by Mr. Reznik’s employer and/or insurance carrier.

How To File A Claim Against Steve Reznik (previously with Raymond James Financial Services, Inc., Pebsco Securities Corp., and Integrated Resources Equity Corporation) To Get Your Money Back

If you have questions about Steven Reznik, Raymond James Financial Services, Inc., Pebsco Securities Corp., Integrated Resources Equity Corporation, 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.