Raymond James Financial
American multinational independent investment bank and financial services company
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| December 21 2017 | Raymond James was fined $2 million for failing to reasonably supervise email communications. |
| April 2017 | Purchased Reams Asset Management from UMB Financial Corporation for $172.5 million, which included Scouts Investments. |
| 2016 | Tom James turned over the title of Chairman of the Board to Paul Reilly and remained on the leadership team as Chairman Emeritus. |
| September 2016 | Announced acquisition of Deutsche Bank Wealth Management's US private client services unit, Alex Brown & Sons. |
| June 2016 | Listed as a Fortune 500 company for the first time. |
| May 18 2016 | Raymond James was fined $17 million for failing to establish and implement adequate Anti-Money Laundering (AML) procedures. The firm failed to prevent, detect, investigate, and report suspicious activity. Former AML Compliance Officer Linda L. Busby was also fined $25,000 and suspended for three months. |
| 2012 | Purchased the Canadian assets of Allied Irish Bank. |
| April 2012 | Merged with Morgan Keegan & Company, creating one of the largest full-service wealth management and investment banking firms not headquartered in New York. |
| September 2011 | FINRA ordered Raymond James & Associates and Raymond James Financial Services to pay $1.69 million in restitution to 15,500 clients for excessive commissions on over 27,000 securities transactions made between 2006 and 2010. FINRA additionally fined RJA $225,000 and RJFS $200,000. |
| June 29 2011 | Raymond James announced an agreement to repurchase auction rate securities sold to clients before February 13, 2008, resolving a three-year investigation with the Securities and Exchange Commission and state securities regulators. The firm agreed to pay a $1.75 million fine to state regulators without admitting or denying allegations. |
| 2010 | End of the period during which Raymond James charged excessive commissions on securities transactions in client accounts. |
| 2010 | Tom James turned over the CEO position to Paul Reilly. |
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