Raymond Haskell is Facing Allegations of Excessive Fees

Raymond Haskell (CRD #: 2343475), a broker registered with Stonex Securities, is the subject of an investor dispute, is the subject of an investor dispute. This disclosure appears on his BrokerCheck record, accessed on April 29, 2024. Keep reading if you have questions regarding his alleged conduct. 

Investor Allegations

On February 22, 2024, investors alleged that Raymond Haskell recommended an investment for the sake of generating high commissions and fees. Investors alleged that investors were deprived of the ability to generate the returns that they would have received in a diversified portfolio. 

FINRA Rule 2111 – Excessive Fees 

FINRA Rule 2111 requires brokers to recommend investments that suit their investor’s needs. They must take several factors into consideration, including their investor’s age, risk tolerance, and financial goals. Investments may also be unsuitable because they come with excessive fees, which unfairly take away from investor returns.

Failure to Diversify 

FINRA Rule 2111 requires brokers to evaluate whether an investment fits their investor’s risk tolerance. A lack of diversification may increase the portfolio’s exposure to risk because it overconcentrates an investor’s portfolio in the same stock or sector. 

Background Information 

Raymond Haskell has passed the following exams:

• Series 66 Uniform Combined State Law Examination 
• Series 63 Uniform Securities Agent State Law Examination 
• SIE – Securities Industry Essentials Examination 
• Series 7 General Securities Representative Examination 
• Series 6 Investment Company Products/ Variable Contracts Representative Examination 

He is a registered broker in six states and is a registered investment adviser in Kansas and Texas. 

During his 29 years of experience, Raymond Haskell has registered with eight firms: 

• Stonex Securities (CRD #: 18456) 
• United Capital Management of Kansas (CRD #: 157755) 
• Cambridge Investment Research Advisors (CRD #: 134139) 
• Cambridge Investment Research (CRD #: 39543) 
• United Planners’ Financial Services of America A Limited Partner (CRD #: 20804) 
• NYLife Securities (CRD #: 5167) 
• ProEquities (CRD #: 15708) 
• PFS Investments (CRD #: 10111) 

Kurta Law Can Help 

If you have worked with Raymond Haskell and have concerns about your investments, do not hesitate to contact us at 877-600-0098 or email info@kurtalawfirm.com 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 that 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. Do not let securities fraud go unchecked. Start your recovery process today.