Erez Law is currently investigating former Raymond James & Associates, Inc. broker Ruben Frezzotti (CRD# 4439983) who is accused of real estate investment losses. He was registered with Raymond James & Associates, Inc. in Coral Gables, Florida, from 2013 to 2023, when he was terminated regarding, “Individual alleged to have engaged in conduct inconsistent with firm policies applicable to an outside business activity related to real estate lending.” He was registered with Morgan Keegan & Company, Inc. in Coral Gables, Florida, from 2004 to 2013.
Ruben Frezzotti Customer Complaints
He has been the subject of seven customer complaints between 2008 and 2021, two of which were denied, and one was closed without action, according to his CRD report. The most recent complaints were regarding:
July 2021. “Claimants allege FA recommended unsuitable investments in an offshore fixed annuity whose issuer is no longer solvent and is under liquidation order. Allegation Activity Dates: 9/17/2007 to Present.” The customer sought $5 million in damages, and the case was settled for $900,000. The complaint was regarding fixed annuity losses, and it took place while he was registered with Raymond James & Associates, Inc.
November 2017. “Negligence, Breach of Fiduciary Duty, Breach of Contract, Violation of Florida’s Blue Sky Laws, Fraud, Civil Action Pursuant to Florida’s Adult Protective Services Act, omission, misrepresentation and gross negligence. Incident dates: 11/2005 – 10/2017.” The customer sought $180,000 in damages, and the case was settled for $43,827. The complaint was regarding real estate security losses, and it took place while he was registered with Raymond James & Associates, Inc. and Morgan Keegan & Company, Inc.
Pursuant to FINRA Rules, member firms are responsible for supervising a broker’s activities during the time the broker is registered with the firm. Therefore, Raymond James & Associates, Inc. may be liable for investment or other losses suffered by Ruben Frezzotti’s customers.
Erez Law represents investors in the United States for claims against brokers and brokerage firms for wrongdoing. If you have experienced investment losses, please call us at 888-840-1571 or complete our contact form for a free consultation. Erez Law is a nationally recognized law firm representing individuals, trusts, corporations and institutions in claims against brokerage firms, banks and insurance companies on a contingency fee basis.
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