Lee Vaughan: Raymond James Fires COVA Wealth Advisor

Brentwood, Tennessee financial advisor Lee Vaughan (CRD# 3162268) was recently fired from Raymond James Financial Services in connection with alleged misconduct. Financial Industry Regulatory Authority records show that he is now registered as a broker and an investment advisor with LPL Financial, doing business as COVA Wealth Management.

Mr. Vaughan’s BrokerCheck report discloses his termination from Raymond James Financial Services. Filed in May 2024, it states that the firm fired him in connection with allegations that he “engaged in conduct inconsistent with firm policies on cryptocurrency-related securities, outside business activities, and private securities transactions.”

COVA Wealth Management’s includes a profile of Mr. Vaughan that describes his background and approach. “Fastidious in his work and attentive to his clients, Lee’s unique combination of affable personality and dynamic problem-solving skills have garnered him not only recognition in his industry but more importantly the respect, trust and friendship of his clients,” it states. “Lee strongly believes in taking a holistic approach to wealth management and is able to counsel clients on how to manage both their short-term needs and long-term goals.”

According to the Financial Industry Regulatory Authority, Lee Vaughan holds 25 years of securities industry experience. Based in Brentwood, Tennessee, he has been registered as a broker and an investment advisor with LPL Financial since May 2024, doing business as COVA Wealth Management. His registration history includes Raymond James Financial Services (Brentwood, Tennessee; 2012-2024), Merrill Lynch (Nashville, Tennessee; 2003-2012), Wachovia Securities (Brentwood, Tennessee; 2003), and Prudential Securities (1999-2003). His credentials include the passage of six securities industry qualifying exams: the General Securities Sales Supervisor – Options Module Examination, or Series 9; the General Securities Sales Supervisor – General Module Examination, or Series 10; the General Securities Representative Examination, or Series 7; the Securities Industry Essentials Examination, or SIE; the Uniform Securities Agent State Law Examination, or Series 63; and the Uniform Investment Adviser Law Examination, or Series 65. He is licensed in Alabama, Colorado, Florida, Georgia, Kentucky, Louisiana, Massachusetts, Montana, New Jersey, New York, North Carolina, Ohio, Pennsylvania, South Carolina, Tennessee, Texas, Virginia, West Virginia, and Wyoming. (Information current as of June 6, 2024.)

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