Francesco Traina: $20mm Complaint Against Brickell 21 Advisor

Miami, Florida financial advisor Francesco Traina (CRD# 5025477) recently received an investor complaint alleging that his conduct resulted in eight-figure damages. Financial Industry Regulatory Authority records show that he is registered as a broker and an investment advisor at Raymond James Financial Services.

Mr. Traina’s BrokerCheck report discloses one investor complaint. Filed in January 2025, it alleges that as a representative of Wells Fargo Clearing Services, he opened an unauthorized account under the name of the customer’s company. The pending complaint alleges damages of $20 million.

Raymond James’ website includes a profile of Mr. Traina that describes him as a member of Brickell 21 Capital Management, a boutique practices affiliated with the firm. “Specializing in equity, fixed income and lending*, he is able to provide personalized and quality financial planning to his clients,” it explains. “They are business owners, corporate executives, companies, families and individuals domestic and international.”

Another page describes Brickell 21’s investment philosophy and focus on providing tailored services and strategies to its clients. “We take the time to get to know your lifestyle, goals and values, so that we can deliver a plan designed to help you strive for the future you’ve envisioned for yourself and your family,” it explains. “Offering the breadth of resources and capabilities of a large corporation, we provide the tailored, attentive service of a small firm.”

According to the Financial Industry Regulatory Authority, Francesco Traina holds 19 years of securities industry experience. Based in Miami, Florida, he has been registered as a broker and an investment advisor at Raymond James Financial Services since 2016. His registration history includes Wells Fargo Advisors, Morgan Stanley, and Citigroup Global Markets. His credentials include the passage of four securities industry qualifying exams: the General Securities Principal Examination, or Series 24; the Securities Industry Essentials Examination, or SIE; the General Securities Representative Examination, or Series 7; and the Uniform Combined State Law Examination, or Series 66. He is licensed in California, Colorado, Delaware, Florida, Illinois, Nevada, New Jersey, New York, Ohio, Pennsylvania, Texas, and Virginia. (Information current as of February 6, 2025.)

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