Award

25-01532 William Shepard v. Raymond James & Associates, Inc.

FINRA Dispute Resolution Services · Securities (FINRA) · United States · July 25, 2025

Why it matters

William Shepard v. Raymond James & Associates, Inc., decided in FINRA arbitration. In this case a customer or associated person brought a claim against Raymond James & Associates, Inc.. For a student, it shows how FINRA arbitration works: the binding, largely private forum where the great majority of US securities disputes are resolved instead of the courts, with awards enforceable in court and open to challenge only on narrow grounds.

Summary

William Shepard v. Raymond James & Associates, Inc.: a FINRA arbitration award (case 25-01532), 06/08/2026. The panel's decision is set out in the award.

The detail

Parties: William Shepard v. Raymond James & Associates, Inc.

Case number: FINRA Case No. 25-01532

Outcome: Expungement request; recommendation subject to court confirmation.

Applicable law: FINRA Code of Arbitration Procedure; United States securities law; the parties' brokerage agreement.

Issues in play: An investor's or an industry member's claim, decided in FINRA's arbitration forum rather than the courts.

Read the full decision at FINRA Arbitration Awards Online

Locus Standi links to the source decision and publishes its own plain-language summary. It does not reproduce the text of the award.

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