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Mike Citron: $200K Complaint Against Raymond James Advisor

A recent investor complaint against Morristown, New Jersey financial advisor Mike Citron (CRD# 1374797) alleges that his conduct resulted in six-figure damages. Financial Industry Regulatory Authority records show that he is a broker and an investment advisor with Raymond James Financial Services, doing business as Concurrent Advisors.

Mr. Citron’s BrokerCheck report discloses one investor complaint. Filed in October 2023, it alleges that as a representative of Raymond James Financial Services, he improperly followed the instructions of a client’s spouse, who was not authorized to give such instructions, to withdraw funds from the client’s account. The pending complaint alleges damages of $200,000.

Raymond James Financial Services’ website includes a profile of Mr. Citron. As it notes, he has spent “more than 30 years” working with a clientele of individual investors, families, and small business owners. “In 2020, Mike chose to transition his practice to Raymond James,” the profile states. As one of the largest independent financial services firms in America, Raymond James gives him access to leading strategists and analysts and its robust resources, all while giving him the freedom to focus on what’s most important: offering objective advice to his clients and acting in their best interest.”

According to the Financial Industry Regulatory Authority, Mike Citron holds 35 years of securities industry experience. Based in Morristown, New Jersey, he has been a broker and an investment advisor with Raymond James Financial Services since 2020. His past registrations include Stifel Nicolaus & Company (Florham Park, New Jersey; 2009-2020), Citigroup Global Markets (Short Hills, New Jersey; 2007-2009), AG Edwards & Sons (Short Hills, New Jersey; 1994-2007), Salomon Smith Barney (New York, New York; 2000), and Halpert & Company (Millburn, New Jersey; 1988-1994). His credentials include the passage of five securities industry qualifying exams: the General Securities Representative Examination, or Series 7; the Futures Managed Funds Examination, or Series 31; 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 Delaware, Florida, New Jersey, New Mexico, New York, South Carolina, Texas, Utah, Virginia, and Washington. (Information current as of December 3, 2023.)

Carlson Law represents investors throughout the United States in claims against financial advisors and investment firms. If you or a loved one have suffered investment losses, please call us at 888-976-6111 or complete our contact form for a free and confidential consultation.

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