Eldridge Parks, previously with Raymond James & Associates, Barred by FINRA

Have you lost money with financial advisor Eldridge Parks?  We are investigating allegations made about Eldridge Foster Parks from Saginaw, Michigan.  FINRA (the Financial Industry Regulatory Authority) barred Parks from the securities industry after Parks failed to respond to its investigation.   FINRA was investigating Parks after a customer filed a complaint alleging unsuitable investment recommendations.

Eldridge Parks was a financial advisor and registered representative of Raymond James & Associates from November 2013 to November 2018.  He worked in a branch office in Saginaw, Michigan.  Parks was the subject of a customer complaint alleging over-concentration in market sectors.

Brokerage firms like Raymond James & Associates have a responsibility to adequately supervise all representatives who are registered through their firm.  Brokerage firms also must take steps to ensure that their financial advisors follow all securities rules and regulations, as well as internal firm policies.  When brokerage firms fail to adequately supervise their registered representatives, they may be liable for investment losses sustained by customers.

Israels & Neuman PLC is a securities and investment fraud law firm with offices in Ann Arbor Michigan; Denver, Colorado; and Seattle, Washington.  We represent investors in FINRA arbitration proceedings in all 50 states, including Michigan.  Attorney Aaron Israels is licensed in Michigan, and he grew up in Holland. Our attorneys have represented over one thousand investors against many brokerage firms in the past, including against Raymond James & Associates.

Click to view:  Parks, Eldridge FINRA AWC

Click to view:  Parks, Eldridge BrokerCheck 8.8.19

If you lost money with Eldridge Parks or Raymond James & Associates, please CONTACT US at 720-599-3505 for a free evaluation of your case.