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Stephen Hollingsworth Has Received a Complaint for Over-Concentrating Investments

Stephen HollingsworthPublicly available records provided by the Financial Industry Regulatory Authority (FINRA) and accessed on October 24, 2017 indicate that Massachusetts-based Raymond James Financial Services broker/adviser Stephen Hollingsworth has received customer disputes. Fitapelli Kurta is interested in speaking to investors who have complaints regarding Mr. Hollingsworth (CRD# 1328648).

Stephen Hollingsworth has spent 32 years in the securities industry and has been registered with Raymond James Financial Services in Newton, Massachusetts since 2010. Previous registrations include Wells Fargo Advisors in Boston, Massachusetts (2005-2010); UBS Financial Services in Weehawken, New Jersey (1994-2005); Smith Barney Shearson in New York, New York (1988-1994); and Merrill Lynch (1985-1988). He has passed three securities industry examinations: Series 66 (Uniform Combined State Law Examination), which he passed on December 30, 2010; Series 63 (Uniform Securities Agent State Law Examination), which he passed on March 5, 1985; and Series 7 (General Securities Representative Examination), which he passed on January 19, 1985. He is a registered broker and investment adviser with 13 US states and territories: California, Connecticut, Delaware, Florida, Georgia, Maryland, Massachusetts, New Jersey, New York, North Carolina, Pennsylvania, Texas and Washington.

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

In 2013 a customer alleged Stephen Hollingsworth, while employed at Raymond James Financial Services, over-concentrated investments in the customer’s account, churned the account, made unsuitable investment recommendations, violated the Florida Securities and Investor Protection Act, committed common law fraud, breached his fiduciary duty, acted negligently, negligently misrepresented material facts, and breached contract in connection to investments in unspecified equities. The complaint resulted in an award to the customer of $13,750.

In 2007 a customer alleged Stephen Hollingsworth, while employed at UBS Financial Services, made unsuitable investment recommendations involving equity-listed products and breached his fiduciary duty. UBS Financial Services complaint settled the complaint through mediation later that year for $136,000.

If you or someone you know has complaints regarding Stephen Hollingsworth, call Fitapelli Kurta at 877-238-4175 for a free consultation. You may be entitled to recover lost funds. All cases are taken on contingency: we only receive payment if and when you collect money. Time to file your claim may be limited, so we suggest you avoid delay. Call 877-238-4175 now to speak to an attorney for free.


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