San Diego, CA -- (SBWIRE) -- 06/02/2016 -- An investigation on behalf of current long-term investors in shares of Raymond James Financial, Inc. (NYSE:RJF) was announced over potential breaches of fiduciary duties by certain directors at Raymond James Financial.

Investors who purchased shares of Raymond James Financial, Inc. (NYSE:RJF) have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm concerns whether certain Raymond James Financial officers and directors breached their fiduciary duties and caused damage to the company and its shareholders.

On May 18, 2016, the Financial Industry Regulatory Authority ("FINRA") issued a press release announcing that it had fined Raymond James & Associates, Inc. and Raymond James Financial Services, Inc., two of the Company's wholly owned subsidiaries, a total of $17 million for widespread failures related to the firms' anti-money-laundering ("AML") programs. Raymond James & Associates, Inc was fined $8 million and Raymond James Financial Services, Inc was fined $9 million for failing to establish and implement adequate anti-money-laundering procedures, which resulted in the firms' failure to properly prevent or detect, investigate, and report suspicious activity for several years. Raymond James & Associates, Inc's former anti-money-laundering Compliance Officer was also fined $25,000 and suspended for three months.

On June 1, 2016, NYSE:RJF shares closed at $56.21 per share.

Those who purchased shares of Raymond James Financial, Inc. have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com