Thomas Lee: Raymond James Denies $250K Complaint Against Advisor

Rockville, Maryland financial advisor Thomas Lee (CRD# 2807587) received an investor complaint alleging that his conduct resulted in losses of $250,000. Records maintained by the Financial Industry Regulatory Authority show that he is currently registered as a broker and an investment advisor with Raymond James Financial Services.

Mr. Lee’s BrokerCheck report discloses two investor complaints. The most recent, filed in Filed in March 2023, alleges that as a representative of Raymond James Financial Services, he recommended unsuitable investments. For reference, FINRA Rule 2111 requires brokers to recommend only investments and strategies that are appropriate for their customers’ background and objectives. To make this determination, they must consider the investor’s risk tolerance, age, tax status, income, investment experience, financial needs, and more. The complaint alleged damages of $250,000 and was denied by Raymond James.

An earlier investor complaint, filed in 2012, alleged that he made a poor stock recommendation while he was a representative of Raymond James. The complaint alleged damages of $24,000 and was denied by the firm.

According to the Financial Industry Regulatory Authority, Thomas Lee holds 27 years of securities industry experience. Based in Rockville, Maryland, he has been a broker and an investment advisor with Raymond James Financial Services since 2002 and 2009, respectively. His past registrations include MetLife Securities (Springfield, Massachusetts; 1998-2002), Ameritas Investment Corporation (Lincoln, Nebraska; 1998), and MetLife Securities (Springfield, Massachusetts; 1996-1998). His credentials include the passage of seven 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 Investment Company Products/Variable Contracts Representative Examination, or Series 6; 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 currently holds 26 state licenses. (Information current as of  October 7, 2024.)

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