Pearl Shaeffer Resigned From Raymond James Following Allegations
Pearl Shaeffer (CRD #: 4835865), a formerly registered broker, voluntarily resigned from Raymond James Financial Services, according to her BrokerCheck record, accessed on October 19, 2021. Keep reading to learn more about the allegations that preceded her resignation.
On August 16, 2021, Pearl Shaeffer voluntarily resigned from Raymond James Financial Services following allegations that she failed to comply with firm policies regarding the use of electronic communication and recordkeeping obligations.
Which FINRA Rules Did Pearl Shaeffer Allegedly Violate?
FINRA Rule 4511 states “Members shall make and preserve books and records as required under FINRA rules, the Exchange Act, and the applicable Exchange Act rules. Members shall preserve for a period of at least six years those FINRA books and records for which there is no specified period under FINRA rules.”
Stock brokers are supposed to maintain accurate records of their communications with investors because those communications are subject to FINRA Rule 3110, which states that electronic correspondence between brokers and clients is subject to supervision by the member firm.
Pearl Shaeffer Background Information
Pearl Shaeffer has passed the following exams:
- Series 63 Uniform Securities Agent State Law Examination
- Securities Industry Essentials Examination
- Series 7 General Securities Representative Examination
During her 15 years in the securities industry, Pearl Shaeffer has worked with the following firms:
- Raymond James Financial Services (CRD #: 6694)
- Merrill Lynch, Pierce, Fenner & Smith (CRD #: 7691)
- LPL Financial (CRD #: 6413)
- UnionBanc Investment Services (CRD #: 14455)
- CitiCorp Investment Services (CRD #: 23988)
Kurta Law Can Help
If you lost money while working with Pearl Shaeffer, please contact us today at 877-600-0098 or firstname.lastname@example.org for a free consultation.
For nearly 20 years, Kurta Law has advocated for investors to recover their investment losses from brokers and brokerage firms. Kurta Law is a nationally recognized law firm and exclusively represents investors against brokers and brokerage firms on a contingency basis. This means that the firm only earns a fee if our securities attorneys recover money on your behalf.