Raymond Sardiña: $1.5 Million Complaint Against Raymond James Advisor

Coral Gables financial advisor Raymond Sardiña (CRD# 3068885) allegedly recommended high-risk investments that led to seven-figure losses, according to a recent investor complaint. Financial Industry Regulatory Authority records show that he is currently a broker and an investment advisor with Raymond James & Associates.

Mr. Sardiña’s BrokerCheck report discloses one investor complaint. Filed in December 2022, it alleges that as a representative of Raymond James & Associates he inappropriately invested the customer in “speculative high-risk investments using margin,” with the products in question including “equity-linked securities focused on energy and biotech and concentrated positions.” The pending complaint alleges damages of $1,500,000.

A second disclosure on Mr. Sardiña’s BrokerCheck report discloses a 2015 FINRA sanction against him. The sanction stemmed from findings by FINRA that he borrowed (and later repaid) a sum of $10,000 from a firm customer who was also a friend of his. He allegedly did not notify the firm of the loan nor receive its approval for such, the sanction states, and further that he “falsely represented” on a firm compliance questionnaire that he had not received a loan from any customer. In connection with these findings, he was issued a one-month suspension from associating with any FINRA member firm in any capacity.

According to the Financial Industry Regulatory Authority, Raymond Sardiña holds 27 years of securities industry experience. Based in Coral Gables, Florida, he has been a broker and an investment advisor with Raymond James & Associates since 2007. He was previously registered with Morgan Stanley in Miami, Florida from 2000 until 2007. His credentials include the passage of three securities industry qualifying exams: the General Securities Representative Examination, or Series 7; the Securities Industry Essentials Examination, or SIE; and the Uniform Combined State Law Examination, or Series 66. He currently holds 27 state licenses. (Information current as of May 3, 2023.)

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