Finra bars former Raymond James rep over churning allegations

The Financial Industry Regulatory Authority Inc. has barred former Raymond James representative Stuart Nichols for failing to take part in an inquiry looking into his trading activities at the firm. [Recommended video: Why aren't people joining the financial advice industry?] In a letter of acceptance, waiver and consent, Finra said that it was investigating whether Mr. Nichols, of Birmingham, Ala., had engaged in excessive trading of customer accounts. In December 2018, Raymond James & Associates terminated his registration, and he is no longer associated with a Finra member.