Houston, Texas Broker Maria Hendershott Involved in $175,000 Dispute Over Overconcentration

Maria Hendershott (CRD#: 818681), a registered representative with Raymond James & Associates in Houston, Texas, is currently engaged in a customer dispute in which a client alleges “unsuitable investments, misrepresentations and omissions, [and] overconcentration,” among other allegations, according to her BrokerCheck report accessed on October 3, 2019. The client, who filed the complaint on August 5, 2019, is seeking $175,000 in damages. This is not the only disclosure on Maria Hendershott’s BrokerCheck record. This is an update to our previous article on Maria Hendershott.

Maria Hendershott

To review, one of Maria Hendershott’s clients filed a complaint on November 27, 2018, alleging that she engaged in “breach of contract and warranties, promissory estoppel, [and violated] provisions of the Texas state securities statues,” among other allegations. The client originally requested $500,000 in damages, but the matter was settled for $55,000.

On October 3, 2017, a client alleged “gross mismanagement of accounts, investor abuse, churning, breach of fiduciary duty, negligence, [and] violation of industry rules.” The client requested $100,000 in damages, but the matter was settled for $75,000.

On January 19, 2016, a client sought $1,500,000 in damages, alleging that Maria Hendershott made unsuitable investment recommendations, overconcentrated securities in their portfolio, and breached her fiduciary duty, among other allegations. The dispute was ultimately settled for $285,000.

On November 22, 1994, a client alleged that Maria Hendershott recommended unsuitable investments and misrepresentations. The client sought $148,708.89 in damages; the matter was settled for $20,000.

Over her 43-year career in the securities industry, Maria Hendershott has worked for nine brokerage firms. In addition to her current work at Raymond James & Associates, Inc. (CRD#: 705) in Houston, Texas, she has also worked for the following firms:

  • Legg Mason Wood Walker, Incorporated (CRD#: 6555) of Baltimore, Maryland
  • First Union Securities, Inc. (CRD#: 19616) of St. Louis, Missouri
  • Lovett Underwood Neuhaus & Webb, Inc. (CRD#: 22540)
  • Underwood, Neuhaus & Co., Incorporated (CRD#: 839)
  • Oppenheimer & Co., Inc. (CRD#: 630) of Houston, Texas
  • Prudential-Bache Securities Inc. (CRD#: 7471)
  • Lehman Brothers Kuhn Loeb Incorporated (CRD#: 7555)
  • F. Hutton & Company Inc. (CRD#: 235)

If you’ve worked with Maria Hendershott or if you have questions about your investments, don’t hesitate to contact a securities attorney. Call (877) 238-4175 or email info@fkesq.com for your free consultation with the securities attorneys of Fitapelli Kurta.