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Jimmy Enriquez Formerly With Raymond James & Associates And Edward Jones Has 3 Customer Complaints For Alleged Broker Misconduct

Who is Jimmy Enriquez formerly with Raymond James & Associates?

Jimmy Enriquez (CRD #1799319) who was formerly registered with Raymond James & Associates and located in El Paso, Texas is a subject of one of our many securities industry sales practice abuse investigations. Prior to Raymond James & Associates, Jimmy Enriquez was associated with Edward Jones and other investment advisory and brokerage firms with a history of customer complaints and securities industry regulatory problems.

Jimmy Enriquez Customer Complaints

Jimmy Enriquez has been the subject of 3 customer complaints that we know about. One of Jimmy Enriquez’s 3 customer complaints was settled in favor of investors. Two of Jimmy Enriquez’s customers’ complaints were denied and, to date, the customers have not taken any further action.

Allegations Against Jimmy Enriquez

A sample of the allegations made in the FINRA reported arbitration claim settlements and/or pending complaints for investment losses are as follows:

  • The client claimed that Jimmy Enriquez misrepresented the investments made and reinvested a CD that matured without the client’s authorization. The client stated her initial investment was made and mutual funds were purchased. The client claimed a CD in the amount of $25,000 matured and he used the funds to purchase additional mutual funds. The client claimed she noticed the purchase and asked Jimmy Enriquez what the investment was comprised of. The client claimed she was given vague information. The client claimed the Jimmy Enriquez recommended she borrow against her account to purchase a car. The client claimed she was told the loan would be paid in three years with the dividends received but claims associated fees for borrowing against her account were not disclosed. The client claimed the balance on the loan had increased because Jimmy Enriquez had not arranged for payments to be made from her account.
  • Plaintiff alleged promissory estoppel, fraud, and breach of contract by Jimmy Enriquez. Plaintiff claims she and the defendant had a personal relationship. She alleged, at the defendant’s request, she opened and made purchases on her Kohl’s and Best Buy charge cards and that defendant agreed to, but never paid her back for the purchases. She further alleged that the defendant opened an American Express card in her name and listed himself as an authorized user. Plaintiff also alleged unauthorized purchases in her Edward Jones account.
  • The client alleged Jimmy Enriquez deposited a $6,000.00 check she wrote to Edward Jones into his personal account.

Jimmy Enriquez Red Flags & Your Rights As An Investor

Of course, Jimmy Enriquez did not admit to any of the allegations. But regardless of whether an arbitration award was entered, a settlement occurred, or the customer complaint is still pending, the allegations made by customers are red flags which should put all current and former customers of Jimmy Enriquez at Raymond James & Associates and Edward Jones on alert to review carefully the activity and performance of their accounts and question whether Jimmy Enriquez has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at Raymond James & Associates and Edward Jones also raises questions about the brokerage firms’ supervisory practices. If these red flags raise questions, call us and we will inform you of your rights as an investor.

File A Claim To Recover Your Investment Losses At Raymond James & Associates Due To Jimmy Enriquez

If you have questions about Raymond James & Associates, Edward Jones, and/or Jimmy Enriquez and the management or performance of your accounts, please contact Attorney Pearce for a free initial consultation via email or Toll Free at 1-800-732-2889.

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Robert Wayne Pearce

Robert Wayne Pearce of The Law Offices of Robert Wayne Pearce, P.A. has been a trial attorney for more than 40 years and has helped recover over $170 million dollars for his clients. During that time, he developed a well-respected and highly accomplished legal career representing investors and brokers in disputes with one another and the government and industry regulators. To speak with Attorney Pearce, call (800) 732-2889 or Contact Us online for a FREE INITIAL CONSULTATION with Attorney Pearce about your case.

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