Gregory Jon Williams of Greenwood Village Colorado a stockbroker currently employed by Presidential Brokerage Inc. is the subject of a customer initiated investment related arbitration claim where the customer sought $151,337.00 in damages based upon allegations of misrepresentation and suitability pertaining to the customer’s investments in (1) mutual funds (2) corporate-debt products and (3) non-traded business development companies.
Financial Industry Regulatory Authority (FINRA) Public Disclosure reveals that Williams is referenced in three additional customer initiated investment related disputes pertaining to accusations of Williams’ violative conduct during the time that he was associated with Citigroup Global Markets, Inc. and Morgan Stanley Smith Barney. In particular, on August 19, 2009, a customer filed an investment related complaint regarding Williams’ conduct in which the customer requested unspecified damages supported by allegations that the terms and conditions of a variable annuity had been misrepresented to the customer.
Subsequently, a customer initiated investment related arbitration claim regarding Williams’ conduct was settled for $25,000.00 in damages founded on accusations that Williams executed transactions in the customer’s account that were not suitable for the customer, placed unauthorized trades in the customer’s account, and executed stock trades on an excessive basis. FINRA Arbitration No. 09-04711 (Mar. 14, 2011).
Then, a customer filed an investment related arbitration claim involving Williams’ activities where the customer sought $1,200,000.00 in damages based upon allegations that inter alia: fiduciary duties owed to the customer had been breached; misrepresentations and omissions had been made to the customer; the customer’s assets had been transferred without the customer’s permission; transactions were effected in the customer’s account that were not suitable; the customer’s account was deficiently supervised; and the customer had been defrauded concerning investments in corporate debt, over-the-counter equities, mutual funds, unit investment trusts, and non-traded business-development companies. FINRA Arbitration No. 18-02058 (June 15, 2018).
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