AUSTIN ALLEN ROUTON is currently employed as a Broker and/or Investment Adviser at RAYMOND JAMES & ASSOCIATES, INC. located at 5847 SAN FELIPE, #4300, HOUSTON, TX, 77057.
AUSTIN ALLEN ROUTON has worked at RAYMOND JAMES & ASSOCIATES, INC. since February 13, 2013
Disclosure History
AUSTIN ALLEN ROUTON has 1 Disclosure Event(s).
Date: June 09, 2009 Category: Customer Dispute Allegations: WRITTEN GRIEVANCE DATED 6.5.09, SUBMITTED BY THE CLIENT'S SON, ALLEGES HIS PARENTS WERE TAKEN ADVANTAGE OF BY THE FA RECOMMENDING UNSUITABLE INVESTMENTS.THIS ALLEGATION STEMS FROM A TRANSACTION THAT OCCURRED IN MAY 2007 WHERE MR. ROUTON RECOMMENDED A CLOSED END INCOME FUND TO THE [CUSTOMER]. Broker Comment: MR. ROUTON HAD HAD A TWENTY YEAR PLUS SUCCESSFUL RELATIONSHIP WITH THE [CUSTOMERS]. THE TRANSACTION, WHICH THE [CUSTOMER]'S SON IS COMPLAINING ABOUT, WAS A NEARLY DOLLAR FOR DOLLAR EXCHANGE OF ONE INCOME FUND FOR ANOTHER INCOME FUND WITH A HIGHER YIELD. THIS CHANGE WAS MADE TO SATISFY THE [CUSTOMER]'S DESIRE FOR A HIGHER INCOME STREAM.** AS OF 6/9/2011 THIS ITEM IS NO LONGER REPORTABLE.**
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