Houma retirees suing Raymond James brokers for $10 million over investment losses


The Gawliks say that although they told Seibert they wanted to protect the value of their savings and draw only modestly from it, he put their money in high-risk oil and gas-related investments without consultation. They assert that when they finally lost confidence in Seibert and moved their account to Hancock Whitney Corp. in 2020, the $1.4 million they originally invested at Raymond James was down to $726,000.

If I had 1.4 million in the bank. You really don't need to touch that money.

View: https://youtu.be/LiRkZbiehpo
 
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