BOCA RATON, Fla., Jan. 14, 2011 (GLOBE NEWSWIRE) — The Securities Law Firm of Menzer & Hill, P.A., www.suemyadvisor.com , announced today it filed an arbitration claim against Raymond James & Associates, Inc. (“RJA”) (NYSE:RJF) on behalf of a former Operations Manager.

The claim alleges that the Claimant, while serving as an Operations Manager for one of RJA’s California branch offices, consistently reported on a series of inappropriate and violative sales practices by the branch manager, and certain other financial advisors of the branch office to regional management, senior management and home office compliance department. Some of the alleged violations included unsuitable trading and churning in accounts of elderly customers, failure to respond to exception reports, unapproved seminar speaking, misuse of marketing funds and mismarking trade confirmations.

Claimant was then terminated and allegedly defamed on his Form U5 in alleged retaliation for threatening to speak to regulators.

Michael Hill, Managing Partner with the Securities Law Firm of Menzer & Hill, P.A., says, “One would think that given Raymond James’ and its affiliates’ regulatory history of supervisory failures, according to FINRA’s BrokerCheck, that it would act on compliance reports from its field force and increase its compliance posture to protect the investing public.”

For a free case evaluation or to discuss this matter, please contact the Securities Law Firm of Menzer & Hill, P.A. at 888-923-9223, or visit us on the web at www.suemyadvisor.com .

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