Haselkorn & Thibaut, a national investment fraud law firm with over 50 years of experience, has opened an investigation into Raymond James & Associates financial advisor Janet Franco Gordon (CRD# 1114409) based in Coral Gables, Florida. If you’ve invested with Ms. Gordon and experienced losses or have concerns about your account management, this information may be crucial for protecting your financial interests.
Understanding Janet Franco Gordon’s Professional Background
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Janet Franco Gordon has been in the securities industry for several decades, currently working as a stockbroker and financial advisor with Raymond James & Associates, Inc. Her career spans multiple major financial institutions, creating a complex professional history that investors should understand.
Her employment timeline includes positions at some of Wall Street’s most recognizable firms:
- Current Position: Raymond James & Associates, Inc.
- Previous Employers: Morgan Stanley, Citigroup Global Markets Inc., and Drexel Burnham Lambert Incorporated
Ms. Gordon has also operated under variations of her name, including Janet Franco and Janet Frnco, which is important for investors trying to research her complete professional history.
Critical Red Flags for Investors
Several concerning patterns have emerged that warrant investor attention:
| Red Flag Category | Specific Concerns |
|---|---|
| Multiple Customer Complaints | Pattern of disputes spanning different time periods |
| High Settlement Amounts | Total settlements exceeding $250,000 |
| Recent Activity | Complaints filed as recently as 2024 |
| Consistent Allegations | Repeated claims of unsuitable investment recommendations |
Complete List of Customer Complaints and Settlements
According to FINRA BrokerCheck records, Janet Franco Gordon has faced multiple customer complaints throughout her career. Here’s a comprehensive breakdown of these disputes:
1. August 2024 Customer Dispute – $103,000 Settlement
- Alleged Damages: $500,000
- Settlement Amount: $103,000
- Key Allegations: Unsuitable investment recommendations and excessive trading activity
- Why This Matters: Recent complaint suggests ongoing issues with investment strategy recommendations
2. December 2019 Customer Dispute – $25,000 Settlement
- Alleged Damages: $25,498
- Settlement Amount: $25,000
- Key Allegations: Claims of unsuitable investment advice
- Why This Matters: Nearly full settlement of claimed damages indicates potential merit to allegations
3. May 2004 Customer Dispute – $125,000 Settlement
- Alleged Damages: $360,000
- Settlement Amount: $125,000
- Primary Concerns: Unsuitable investment recommendations
- Why This Matters: Substantial settlement amount suggests serious concerns about investment suitability
4. November 1997 Customer Dispute – Denied
- Alleged Damages: $84,157.46
- Outcome: Denied by firm
- Allegations: Excessive trading (churning) and unsuitable investments
Why These Complaints Should Concern Investors
The pattern of complaints against Janet Franco Gordon reveals several troubling themes:
1. Consistency of Allegations: The repeated nature of unsuitable investment recommendation claims across multiple decades suggests a potential pattern of behavior rather than isolated incidents.
2. Significant Financial Impact: With total settlements exceeding $250,000 and alleged damages approaching $1 million, these aren’t minor disputes but substantial financial matters affecting investors’ portfolios.
3. Recent Activity: The 2024 complaint demonstrates that concerns about Ms. Gordon’s investment recommendations aren’t just historical issues but continue to affect current clients.
4. Excessive Trading Concerns: Multiple complaints mention excessive trading or churning, which occurs when a broker makes numerous trades primarily to generate commissions rather than benefit the client’s investment objectives.
What This Means for Current and Former Clients
If you’ve worked with Janet Franco Gordon at Raymond James & Associates or any of her previous firms, it’s essential to review your account statements and investment history carefully. Look for these warning signs:
- Investments that didn’t align with your stated risk tolerance
- Excessive trading activity in your account
- Concentration in high-risk or illiquid investments
- Unexplained losses during favorable market conditions
- Recommendations that seemed to benefit the advisor more than your portfolio
Your Rights as an Investor
Securities laws provide robust protections for investors, including the right to recover losses caused by unsuitable investment recommendations, excessive trading, or other forms of misconduct. However, these rights come with strict time limitations, making prompt action essential.
The Financial Industry Regulatory Authority (FINRA) arbitration process allows investors to seek recovery for investment losses, but navigating this system requires experienced legal representation to maximize your chances of success.
Take Action to Protect Your Financial Future
Haselkorn & Thibaut (InvestmentFraudLawyers.com) specializes in helping investors recover losses from unsuitable investment recommendations and broker misconduct. With over 50 years of experience, a 98% success rate, and millions recovered for clients nationwide, the firm operates on a “No Recovery, No Fee” basis, meaning you pay nothing unless they successfully recover funds on your behalf.
If you’ve invested with Janet Franco Gordon at Raymond James & Associates and experienced losses or have concerns about your account management, don’t wait to explore your legal options. Contact Haselkorn & Thibaut today at 1-888-885-7162 for a free, confidential consultation to discuss your situation with an experienced investment fraud attorney.
Time limitations apply to investment loss recovery claims, so taking prompt action is crucial to protecting your rights and potential recovery. The investigation into Janet Franco Gordon’s activities is ongoing, and your experience could be valuable in understanding the full scope of any potential issues.
