Broker Maria Hendershott Accused Of Securities Violations

Maria Hendershott (CRD:# 818681) is a registered broker and investment advisor currently employed with Raymond James & Associates, Inc. (CRD#: 705) of Houston, TX. Her previous employers include Legg Mason Wood Walker, Incorporated (CRD#:6555) of Baltimore, MD, First Union Securities, Inc. (CRD#:19616) of St. Louis, MO, and Lovett Underwood Neuhaus & Webb, Inc. (CRD#:22540). She has been in the industry since 1976.

Hendershott is the subject of a current customer dispute filed on 8/5/19 in which a client alleges that she violated FINRA Rule 2210, as well as engaged in unsuitable investments, overconcentration, negligence, and misrepresentations and omissions. The client has requested damages of $175,000, and the claim is currently pending.

A previous customer dispute filed on 8/5/2018 alleged that from 01/15/2015 to 09/12/2016, Hendershott engaged in a range of securities violations, including “Breach of Contract and Warranties, Promissory Estoppel, Violation of Provisions of The Texas State Securities Statutes, Ann. Tx Civil Statutes Art. 581-33, Violation of Fraud Statutes of Texas Bc. Code Ann. § 27.01, Violation Of The Texas Deceptive Trade Practices Act Bc. Code Ann. § 17.46 and Tex Bc. Code Ann. § 17.50, Breach of Fiduciary Duty & Vicarious Liability.” The client requested damages of $500,000, and the case was settled for $55,000.

Another customer dispute filed a year before on 10/3/2017 alleged “Gross mismanagement of accounts, investor abuse, churning, breach of fiduciary duty, negligence, violation of industry rules.” The client requested damages of $100,000, and the firm settled the case for $75,000 to avoid litigation.

Nearly 2 years before, another customer filed a dispute alleging “suitability, over-concentration, breach of fiduciary duty, Texas securities act claim; fraud by misrepresentation and omission, negligent misrepresentation” from 2/3/2006 through 12/31/2015. The requested damages totaled $1,500,000, and the case was settled by the firm for $285,000 to avoid litigation.

A customer dispute from 1994 contained the same type of elements, with allegations of unsuitable investments and misrepresentations. The client sought damages of $148,708.89 plus interest, attorneys fees, costs and exemplary damages. The firm settled the case for $20,000, and Hendershott was not requested to contribute to the settlement amount.

Have You Engaged In Investments With Maria Hendershott?

Silver Law Group represents investors in securities and investment fraud cases. Our lawyers are admitted to practice in New York and Florida and represent investors nationwide to help recover investment losses due to stockbroker misconduct. If you have any questions about how your account has been handled, call to speak with an experienced securities attorney. Most cases are handled on a contingent fee basis, meaning that you won’t owe us until we recover your money for you. Contact us today and let us know how we can help.