Haselkorn & Thibaut, a national investment fraud law firm, has opened an investigation into Raymond James Financial Services broker Charles Camilleri (CRD #4210551) following concerning patterns in his regulatory record. If you’ve invested with Mr. Camilleri and experienced losses or have concerns about your accounts, understanding his background and complaint history is crucial for protecting your financial interests.
Who is Charles Camilleri?
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Charles Camilleri currently works as a registered representative with Raymond James Financial Services, Inc. and as an investment adviser representative with Raymond James Financial Services Advisors, Inc., both positions effective since May 1, 2025. He operates from the firm’s Valhalla, New York office located at 200 Summit Lake Drive, Suite 360.
With nearly two decades in the financial services industry, Mr. Camilleri has worked at several prominent firms throughout his career. His BrokerCheck record reveals a pattern of customer complaints and regulatory actions that investors should carefully consider.
Complete List of Customer Complaints Against Charles Camilleri
Mr. Camilleri’s regulatory record includes eight customer complaints, with several resulting in significant monetary settlements. Here’s a detailed breakdown:
| Date | Allegation | Status | Amount |
|---|---|---|---|
| 09/07/2023 | Unsuitable investment recommendations | Settled | $350,000 |
| 03/15/2022 | Failure to follow instructions | Settled | $20,000 |
| 11/10/2021 | Unsuitable investments and overconcentration | Settled | $35,000 |
| 08/25/2020 | Misrepresentation and unsuitability | Denied | $50,000 (claimed) |
| 06/02/2019 | Unsuitable recommendations | Settled | $13,755 |
| 04/12/2018 | Overconcentration in single security | Pending | $100,000 (claimed) |
| 02/28/2017 | Breach of fiduciary duty | Settled | $15,000 |
| 01/05/2016 | Unsuitable investments | Denied | $75,000 (claimed) |
Total settlements paid: $433,755 across five resolved cases, with one case still pending.
Red Flags for Investors
Several concerning patterns emerge from Mr. Camilleri’s regulatory history that investors should carefully consider:
- Pattern of Unsuitable Recommendations: Five of the eight complaints specifically allege unsuitable investment recommendations, suggesting a recurring issue with matching investments to client needs and risk tolerance.
- Large Recent Settlement: The $350,000 settlement in September 2023 represents one of the more substantial settlements in recent years, indicating potentially serious misconduct.
- Overconcentration Issues: Multiple complaints mention overconcentration in single securities or sectors, which violates basic diversification principles and exposes investors to unnecessary risk.
- Failure to Follow Instructions: At least one complaint alleges Mr. Camilleri failed to follow client instructions, raising questions about account management practices.
- Regulatory Action: In addition to customer complaints, Mr. Camilleri faced a $12,500 FINRA fine in 2013 for unsuitable mutual fund transactions and inadequate supervisory procedures.
Why These Complaints Matter
When evaluating a financial advisor, patterns matter more than isolated incidents. Here’s why Mr. Camilleri’s record raises concerns:
1. Consistency of Allegations: The repeated nature of unsuitability claims suggests potential systemic issues with investment recommendations rather than isolated misunderstandings.
2. Financial Impact: With over $400,000 in settlements, these aren’t minor disputes but substantial claims that firms chose to settle rather than defend.
3. Recent Activity: The large 2023 settlement shows these aren’t just historical issues but ongoing concerns that continue to affect investors.
4. Risk Management: Overconcentration complaints suggest potential failures in basic portfolio risk management, which is fundamental to protecting investor assets.
What Should Investors Do?
If you’ve worked with Charles Camilleri or currently have accounts under his management, consider taking these steps:
- Review Your Statements: Look for signs of overconcentration, excessive trading, or investments that don’t match your stated risk tolerance.
- Document Everything: Keep all correspondence, account statements, and notes from meetings with your advisor.
- Assess Suitability: Consider whether your investments align with your financial goals, risk tolerance, and investment timeline.
- Monitor Account Activity: Watch for unauthorized trades or changes to your investment strategy without proper consultation.
Your Legal Rights as an Investor
Securities laws protect investors from unsuitable recommendations, misrepresentations, and other forms of misconduct. You have the right to recover losses caused by:
- Unsuitable investment recommendations
- Overconcentration in risky securities
- Failure to follow instructions
- Breach of fiduciary duty
- Misrepresentation of investment risks
Most investor disputes are resolved through FINRA arbitration, a streamlined process designed to help investors recover losses more efficiently than traditional litigation.
Time Limits Apply
Important: Securities claims have strict time limits. Generally, you must file claims within six years of the transaction at issue. Waiting too long could bar your recovery entirely.
Get Help Understanding Your Options
If you’ve invested with Charles Camilleri through Raymond James Financial Services and experienced losses or have concerns about your accounts, you deserve answers. The experienced securities attorneys at Haselkorn & Thibaut can review your situation and explain your options.
With over 50 years of experience, a 98% success rate, and millions recovered for clients nationwide, Haselkorn & Thibaut (InvestmentFraudLawyers.com) works on a “No Recovery, No Fee” basis. This means you pay nothing unless they successfully recover compensation for your losses.
Call Haselkorn & Thibaut today for a FREE consultation: 1-888-994-8066
Don’t let concerning patterns in your advisor’s background go unaddressed. Understanding your rights and options is the first step toward protecting your financial future.
