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Mitchell Silverman: Investor Complaints Allege Unsuitability, Fraud

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Mitchell Silverman

Public records provided by the Financial Industry Regulatory Authority (FINRA) and accessed on September 26, 2018 indicate that Florida-based Raymond James & Associates broker/adviser Mitchell Silverman has been involved in several customer disputes. Fitapelli Kurta is interested in hearing from investors who have complaints regarding Mr. Silverman (CRD# 500504).

Mitchell Silverman has spent 42 years in the securities industry and has been registered with Raymond James & Associates in Boca Raton, Florida and Snowmass Village, Colorado since 2002. He was previously registered with JB Hanauer & Company in Parsippany, New Jersey (1976-2002). He has passed six securities industry examinations: Series 63 (Uniform Securities Agent State Law Examination), which he obtained on December 30, 1993; Series 31 (Futures Managed Funds Examination), which he obtained on February 1, 2005; Series 7 (General Securities Representative Examination), which he obtained on December 15, 1979; Series 1 (Registered Representative Examination), which he obtained on February 3, 1977; Series 53 (Municipal Securities Principal Examination), which he obtained on March 22, 1982; and Series 24 (General Securities Principal Examination), which he obtained on December 28, 1981. He is a registered broker and investment adviser with 37 US states and territories.

According to his BrokerCheck report, he has received four customer complaints.

In May 2018 a customer alleged Mitchell Silverman, while employed at Raymond James & Associates, acted negligently, breached his fiduciary duty, committed fraud, violated FINRA conduct rules, and breached contract. The complaint settled for $10,000.

In 2016 a customer alleged Mitchell Silverman, while employed at Raymond James & Associates, violated FINRA Rules 2010, 2020, 2090, 2111, 2210 and 3110; acted negligently; negligently misrepresented and omitted material facts; breached contract; breached the covenant of good faith and fair dealing; breached his fiduciary duty; and violated Florida law. The complaint, in which he was not a named respondent, settled in November 2017 for $37,500.

In 1998 a customer alleged Mitchell Silverman, while employed at JB Hanauer & Company, failed to adequately supervise the actions of a registered representative who sold them limited partnership investments. The complaint settled for $60,000.

In 1995 a customer alleged he, while employed at JB Hanauer & Company, misrepresented and omitted material facts, failed in his supervisory duties, and churned the account. The complaint settled for for $500,000.

If you or someone you know has a complaint regarding Mitchell Silverman, call Fitapelli Kurta at 877-238-4175 for a free consultation. You may be eligible to recoup lost funds. Fitapelli Kurta accepts every case on contingency: we only get paid if and when you collect money. Time to file your claim may be limited, so we recommend you avoid delay. Call 877-238-4175 now to speak to an attorney for free.