FINRA Bars Former Raymond James Advisor Joe Gamez Over Alleged Misappropriation of Client Funds
The Financial Industry Regulatory Authority (FINRA) has barred former Raymond James advisor Joe Gamez (CRD #4292479) for allegedly misusing client funds and refusing to cooperate with an investigation into his conduct.
According to a Letter of Acceptance, Waiver, and Consent (No. 2025086809101) filed in October 2025, FINRA alleged that Gamez failed to produce documents and information requested during an investigation into whether he used customer funds for personal reasons. Through counsel, Gamez notified FINRA that he would not comply, violating FINRA Rules 8210 and 2010. As a result, he was barred from associating with any FINRA member firm in any capacity.
Investor Complaint and Termination
Gamez’s BrokerCheck report reveals a customer dispute filed in August 2025, alleging that he misappropriated funds while employed at Raymond James Financial Services. The complaint was settled in October 2025 for $413,370.18.
Raymond James terminated Gamez in June 2025, citing concerns that he had used client funds for personal reasons.
Before his termination, Gamez held 24 years of industry experience and had previously been registered with firms including LPL Financial, Capital One Investment Services, Chase Investment Services, and USAA Investment Management Company.
Misappropriation of Customer Funds
The allegations against Gamez involve one of the most serious forms of broker misconduct—the misuse or theft of client funds. Such actions violate FINRA’s core standards of honesty and integrity, often resulting in severe financial harm to investors.
FINRA’s enforcement action demonstrates its continued commitment to identifying and removing brokers who place their personal interests above those of their clients.
Silver Miller Represents Victims of Broker Fraud
If you invested with Joe Gamez or Raymond James and suspect that your funds were misused or misappropriated, you may have legal grounds to pursue recovery.
Silver Miller represents investors nationwide in cases involving broker fraud, financial mismanagement, and investment misconduct. Our attorneys pursue claims through FINRA arbitration and civil litigation to help victims recover their losses.
Contact Silver Miller for a free, confidential consultation. We handle cases on a contingency fee basis—meaning you don’t pay unless we recover for you.
