Raymond James & Associates, Inc. agreed to pay a fine of US $500,000 to settle charges by the Financial Industry Regulatory Authority that, from January 1, 2011, to March 31, 2015, it encouraged newly recruited salespersons to disclose non-public personal information about their customers at their prior employer. This constituted a violation of applicable requirements of the Securities and Exchange Commission because the firm failed to determine whether its new recruits or their prior broker-dealers had obtained consents from customers to disclose private information. (Click here to access SEC Regulation S-P; see in particular sections 7 and 10.) Among the non-public information obtained by Raymond James were customers’ names, addresses, telephone numbers, account types and other similar information.