INVESTIGATION! STEVEN REZNIK of Raymond James – Tallahassee
Israels & Neuman, PLC Investigates Arbitration Claims Against Steven Reznik and Raymond James Financial Services
Have you lost money with financial advisor Steven Reznik (CRD #1067199), or Raymond James Financial Services in Tallahassee, Florida? We are investigating allegations made by former customers of Steven Reznik also known as Steve Reznik. Steve Reznik and his brokerage firm, Raymond James Financial Services, were the subject of several complaints filed in FINRA arbitration.
The customers allege that Reznik made unsuitable recommendations to invest in various stocks and other investments. In particular, we understand that Reznik recommended that his clients invest in several biotech companies, such as Celgene Corp., and that Reznik recommended high concentrations of his customers’ accounts in biotechnology stocks. Some of these investment recommendations in biotech stocks have lost money while the overall stock market has been up.
In addition, it is believed that other financial advisors within the Tallahassee, Florida office of Raymond James have also sold several investments in biotechnology companies, including advisors Jason Brienen and Jay Cicone. According to BrokerCheck, Brienen was also under heightened supervision while at Raymond James.
Steven Reznik was a registered representative of Raymond James Financial Services from 1989 to July 2018. Jason Brienen was affiliated with Raymond James from 1994 to July 2018, and Jay Cicone was also affiliated with Raymond James from 1992 to July 2018. Reznik, Brienen, and Cicone all worked at a branch office in Tallahassee, Florida. Reznik, Brienen, and Cicone were all terminated by Raymond James on the same day as well.
Brokerage firms like Raymond James Financial Services have a responsibility to adequately supervise all representatives who are registered through their firm. Brokerage firms also must take steps to ensure that their financial advisors follow all securities rules and regulations, as well as internal firm policies. When brokerage firms fail to adequately supervise their registered representatives, they may be liable for investment losses sustained by customers.
Israels & Neuman PLC is a securities and investment fraud law firm with offices in Denver, Colorado; Ann Arbor, Michigan; and Seattle, Washington. We represent investors in FINRA arbitration proceedings in all 50 states, including investors in Florida. Attorney David Neuman is licensed to practice law in Florida. Moreover, we co-counsel cases with a firm in Palm Beach, Florida. Our attorneys have represented over one thousand investors against many brokerage firms in the past, including Raymond James Financial Services.
Click to view: Cicone, Jay BrokerCheck 10.17.18
Click to view: Brienen, Jason BrokerCheck 10.17.18
Click to view: Reznik, Steven BrokerCheck 10.17.18
If you lost money with Steven Reznik, Jason Brienen, Jay Cicone, or Raymond James Financial Services, please CONTACT US at 720-599-3505 or 206-795-5798 for a free evaluation of your case.
Israels & Neuman, PLC is a private law firm and is not affiliated with any government or law enforcement agency. Any investigation referenced in this blog is independent in nature and is being conducted by our law firm privately, not in conjunction with any government or law enforcement agency. All information contained in this blog should be deemed statements of opinion derived from the author’s review of public records, not statements of fact. This blog is advertising material and does not create an attorney client relationship, nor does it constitute legal advice. Everyone’s situation is different and the question of whether or not you have a claim will vary on a case-by-case basis. In contingent representation, clients may still be liable for costs.