According to records with the Financial Industry Regulatory Authority (FINRA), Raymond James broker Clifford Vatter allegedly made unsuitable investment recommendations, misrepresented and omitted material facts, breached fiduciary duty, made unauthorized withdrawals, and other things. These are all against securities laws and internal firm rules. A broker such as Mr. Vatter must take into account a client’s age, net worth, investment objectives and investment sophistication before recommending or selling an investment. If he does not, his brokerage firm may be liable for investment losses on a contingency fee basis, which means we only make money if you recover yours. Raymond James has claims brought against it in the FINRA arbitration forum for allowing its brokers to violate securities laws.
According to online reports with FINRA’s BrokerCheck, Clifford Vatter was registered with J.C. Bradford & Co. in New York, New York from June 1983 until August 2000, UBS in Weehawken, New Jersey from August 2000 until May 2002, Morgan Keegan in Louisville, Kentucky from June 2002 until February 2013 and Raymond James in Louisville, from February 2013 until August 2017. He has six customer disputes against him, and is not currently registered as a broker.
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