Auric Goldfinger's Short List Message Board

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Non-Tech : Auric Goldfinger's Short List

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To: afrayem onigwecher who wrote (11615)	5/10/2003 3:58:10 PM
From: StockDung	Read Replies (1) of 19428

Action Suggested Against Raymond Adviser .c The Associated Press WASHINGTON (AP) - Raymond James Financial Inc. said Friday that Securities and Exchange Commission staff is recommending enforcement action against one of its advisers who allegedly misappropriated $12.5 million. In a quarterly report filed with the agency, the company said it is ``contesting this determination and maintains that no such proceedings are warranted against it.'' The company reported in December that the SEC was investigating Raymond James' Financial Services unit and the conduct of a former financial adviser based in its Rhode Island office. The SEC also filed a civil suit against the adviser. Friday's filing didn't identify the financial adviser. Raymond James said in the documents that it is in talks with the SEC regarding this matter. But officials at the St. Petersburg, Fla., company declined to comment for this story. The company said in the filing that it doesn't believe that the outcome of the case will have a material effect on its financial condition or operations. 05/09/03 18:24 EDT

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