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Ruth Chambers Suspended by FINRA For Allegedly Failing to Provide Information

Dec 22, 2022 Employment

Ruth Chambers (CRD #: 5103433), a broker formerly registered with Raymond James & Associates, has been suspended by FINRA, according to her BrokerCheck record, accessed on December 14, 2022. Read on if you have questions about her alleged conduct as a broker.

FINRA Suspension

On September 13, 2022, Ruth Chambers received a Letter of Suspension alleging she failed to respond to requests for information. Her suspension began on October 7, 2022, and will continue until FINRA receives the requested information or the suspension converts to a bar.

FINRA Rule 9552

FINRA Rule 9552 states that members who fail to provide documents, information, or testimony upon FINRA request will be suspended. Members have the opportunity to request an end to their suspension within three months of its imposition, after which it becomes a permanent bar.

Resignation from Raymond James & Associates

On February 14, 2022, Ruth Chambers was permitted to resign from Raymond James & Associates after allegedly using the personal credit card information of another firm associate to make unauthorized purchases.

FINRA Rule 2010

FINRA Rule 2010 holds brokers to high standards of commercial honor and just and equitable principles of trade.

Civil Lien

On August 1, 2018, Ruth Chambers was subject to a $2,138.24 civil lien.

Background Information

Ruth Chambers has passed the following exams:

  • Series 63 – Uniform Securities Agent State Law Examination
  • SIE – Securities Industry Essentials Examination
  • Series 7 – General Securities Representative Examination

She previously worked for Raymond James & Associates (CRD#:705) and Mutual Trust Company of America Securities (CRD#:8494).

Kurta Law Can Help

If you worked with Ruth Chambers and you have concerns about your investments, please contact us today at 877-600-0098 or info@kurtalawfirm.com for a free consultation.

For over 20 years, Kurta Law has advocated on behalf of investors who want 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.