Virginia SCC Dismisses Raymond James Securities Enforcement Case After Settlement Compliance
Summary
Virginia SCC issued a final dismissal order for Case No. SEC-2024-00004 against Raymond James & Associates, Inc. and Raymond James Financial Services, Inc. The dismissal follows the Commission's September 26, 2025 Order Approving Settlement Agreement, finding that defendants have fulfilled all settlement requirements. The order preserves existing disclosure obligations and does not affect any final duties arising from the matter.
What changed
The State Corporation Commission's Division of Securities and Retail Franchising filed this final dismissal order on November 12, 2025, closing Case No. SEC-2024-00004 after defendants Raymond James & Associates, Inc. and Raymond James Financial Services, Inc. completed all settlement obligations. The dismissal incorporates by reference the Order Approving Settlement Agreement entered September 26, 2025, and includes a proviso that the dismissal does not affect disclosure obligations or duties arising from the matter.
The practical implication for compliance teams is that while the enforcement action is resolved, any reporting or disclosure requirements tied to this matter remain in effect. Financial professionals and broker-dealers should continue to account for this matter in required disclosures. The dismissal itself does not create new compliance obligations.
Archived snapshot
Apr 6, 2026GovPing captured this document from the original source. If the source has since changed or been removed, this is the text as it existed at that time.
251120070VIRGINIACOMMONWEALTHOF
State Corporation Commission COMMISSIONCORPORATION STATE Document Center Control
11/12/2025-10:12AMRICHMOND,NOVEMBERAT 12,
ex rel. COMMONWEALTHOF VIRGINIA, COMMISSIONCORPORATION STATE v. NO. SEC -2024-00004 CASE RAYMOND &ASSOCIATES, INC. and JAMES INC.,RAYMOND FINANCIAL JAMESSERVICES, Defendants ORDERFINAL 26, ( )On State " SeptembertheCorporation Commission Commission " entered 2025, an " )1 sOrderSettlementAgreement( this case. Approving " Commission ' of The Division Order in and(Division ) advised Retail Franchising" Commission all Securities" the that payments has and andactions James& Associates, Inc. Financial Services,of James requiredRaymond Raymond completed.(Defendants) now pursuant Order " theof the been"toterms have Inc. COMMISSION,havingconsidered opinion and finds this is theNOW THE matter, of requirements Order case Defendants substantively of and that this thehavefulfilled the thethat shoulddismissed. be Accordingly, IS THAT:ORDERED IT (1)dismissed. caseisThis not(2)this affect any the Entry of Final duty to shall obligation Order or disclose any entered order natureof thismatter or of existence herein. or
1 rel. State Commission Associates, Inc. andCommon-wealth of Virginia, ex Corporation v. Raymond James &
Raymond James Financial Services,Inc., Case No. SEC-2024-00004, Doc. Con. Cen. No. 251050053, Order ApprovingSettlement Agreement(Sept. 26, 2025).
251120070
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