Kenneth Leopold Williams, of Staten Island, New York, a stockbroker formerly registered with First Standard Financial Company LLC, has been named in a customer initiated investment related written complaint on January 5, 2017, in which the customer requested $100,000.00 in damages based upon allegations that Williams utilized the customer’s margin without consent, and effected unauthorized over-the-counter equity trades in the customer’s investment account.
Financial Industry Regulatory Authority (FINRA) Public Disclosure additionally reveals that on April 7, 2011, a customer initiated investment related arbitration claim involving Williams’s conduct was settled for $90,000.00 in damages based upon allegations that Williams, while associated with Legend Merchant Group, Inc., made misrepresentations and omissions to the customer regarding over-the-counter equities, failed to abide by the customer’s investment instructions, and breached his fiduciary duties.
Since November 5, 1993, Williams has been associated with twenty-five different broker dealers, twenty of which have been expelled by securities regulators for violation of federal securities laws or are otherwise defunct. #cockroach
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