Haselkorn & Thibaut Opens Investigation Into Stephen Joseph Hollingsworth, Newton, MA (Raymond James): What Investors Need to Know
Are you a current or former client of Stephen Joseph Hollingsworth (also known as Steve Hollingsworth) in Newton, MA or Tampa, FL? Haselkorn & Thibaut—a national securities law firm with over five decades of experience and a 98% success rate—has officially launched an investigation into investor claims involving Stephen Joseph Hollingsworth, most recently affiliated with Raymond James Financial Services, Inc. If you’re concerned about possible mismanagement or losses in your investment accounts, this comprehensive overview gives you clear information and steps you can take.
Quick Facts: Stephen J. Hollingsworth
| Advisor Name | Stephen Joseph Hollingsworth (Steve Hollingsworth) |
| CRD Number | 1328648 |
| Most Recent Broker-Dealer | Raymond James Financial Services, Inc. (2010–2025) |
| Current Role | Investment Adviser Representative, Concurrent Investment Advisors, LLC (as of Feb. 2025) |
| Other Affiliations | Wells Fargo Advisors, LLC; UBS Financial Services Inc.; Smith Barney Shearson Inc.; Merrill Lynch, Pierce, Fenner & Smith Incorporated |
Who is Stephen Joseph Hollingsworth?
Stephen J. Hollingsworth is a financial professional whose career has spanned multiple major broker-dealers, most recently with Raymond James Financial Services, Inc. until early 2025. As of February 2025, he serves as an investment adviser representative at Concurrent Investment Advisors, LLC, though he is no longer a registered FINRA broker. Investors who have worked with him in Newton, Massachusetts, or Tampa, Florida, should be aware of his regulatory and customer complaint history, especially if their accounts were impacted during his tenure at any of the named broker-dealers.
Why Haselkorn & Thibaut Has Opened an Investigation
Haselkorn & Thibaut is committed to defending the rights of investors who may have experienced unjust losses due to possible misconduct, unsuitability, or unethical activity in their brokerage or advisory accounts. With a strong record of recovering millions for clients on a “no recovery, no fee” basis, the firm is investigating Stephen J. Hollingsworth following a series of client disputes, arbitrations, and settlements that raise red flags for current and past investors.
Summary of Publicly Disclosed Customer Complaints and Regulatory Findings
Investors deserve transparency. Below is a detailed list of all publicly disclosed complaints, arbitrations, and regulatory findings related to Stephen J. Hollingsworth (CRD #1328648) as of April 2025:
- 2023 – $415,000 FINRA Arbitration Settlement (Raymond James Financial Services, Inc.)
- Case No.: 23-01456
- Allegations: Unauthorized trading, excessive transactions, unsuitable investment recommendations, margin misuse, improper communications via Facebook Messenger.
- Timeframe: 11/7/2010–9/2/2021
- Products Affected: Listed equities, closed-end funds, self-directed fee-based accounts
- Resolution: Settled for $415,000 on 07/13/2023
- 2014 – FINRA Arbitration Award (Wells Fargo Advisors, LLC)
- Case No.: 13-02097
- Allegations: Churning, over-concentration, unsuitable investments, violations of Florida Securities Act, fraud, breach of fiduciary duty, negligence, negligent misrepresentation, breach of contract
- Products Involved: Unspecified equities
- Award: $13,750 plus interest to claimant on 03/13/2014
- 2007 – FINRA Arbitration Settlement (UBS Financial Services Inc.)
- Case No.: 07-01830
- Allegations: Suitability issues and breach of fiduciary duty (listed equities)
- Settlement: $136,000 paid to claimant on 11/19/2007
- 2017 – FINRA Customer Arbitration (Raymond James Financial Services, Inc.)
- Allegations: Unsuitable trading, excessive fees
- Claimant’s Demand: $75,000
- Resolution: Settled for $20,000; advisor did not admit nor deny fault
- Status: Closed July 2018
- 2019 – Written Customer Complaint (Raymond James Financial Services, Inc.)
- Allegations: Failure to follow investment instructions
- Claimant’s Demand: $12,500
- Outcome: $5,000 paid as a goodwill gesture; internal review found no supervisory issues
- Status: Closed October 2019
- 2022 – FINRA Arbitration Claim (Raymond James Financial Services, Inc.)
- Allegations: Churning and unauthorized trading in bond portfolio
- Claimant’s Demand: $50,000
- Outcome: Case dismissed due to lack of causation
- Status: Closed March 2023
Other Noteworthy Reviews & Regulatory Events
- 2018 Internal Review (Raymond James): Addressed alleged account opening process lapses; resolved internally with no regulatory disclosure.
- 2024 California State Audit (Concurrent Investment Advisors, LLC): Minor record keeping issue; $1,000 administrative fee paid by firm, no action against Hollingsworth personally.
- No FINRA or SEC disciplinary actions or restrictions currently listed for Stephen J. Hollingsworth.
Key Red Flags for Investors
If you worked with Stephen J. Hollingsworth in Newton, MA, Tampa, FL, or any prior locations, be aware of the following:
- Frequent customer disputes including claims of unauthorized trading, excessive transactions, and unsuitable recommendations.
- Significant financial settlements and arbitration awards totaling several hundred thousand dollars.
- History of allegations related to churning, breach of fiduciary duty, misrepresentation, and negligence.
- No regulatory bars or fines to date, but multiple firm-sponsored settlements.
What to Do If You Suffered Losses With Stephen J. Hollingsworth
Many investors are unaware that they could be eligible to recover investment losses—sometimes even years after the fact—through FINRA arbitration or negotiation. If you have questions about how your accounts were managed, or if you noticed any unauthorized transactions, excessive fees, or unsuitable investments, now is the time to act.
Haselkorn & Thibaut helps investors nationwide on a contingent fee basis (no recovery, no fee), and encourages anyone with concerns to get a free, confidential consultation. With millions recovered for victims of stockbroker negligence and fraud, our experienced team will review your situation and answer your questions.
Contact Us for a Free Case Review
If you believe you may have suffered losses as a result of Stephen Joseph Hollingsworth’s investment advice or account management, call Haselkorn & Thibaut today at 1-888-994-8066 for your free, no-obligation case evaluation. Our attorneys will listen, review your records, and help you understand your options. There are never any charges unless there is a recovery—so you have nothing to lose by inquiring.
To review Stephen J. Hollingsworth’s most current public regulatory record, visit FINRA BrokerCheck.
You do not have to go through this alone—Haselkorn & Thibaut is here to help safeguard your financial future and pursue the justice you deserve.
