William Cranston Fenwick Jr of Louisville Kentucky a stockbroker currently registered with First Kentucky Securities Corporation is the subject of a customer initiated investment related arbitration claim where the customer sought $20,351,400.00 in damages founded on allegations that unsuitable master limited partnership investments were executed with the customer’s funds between 2015 and 2016. Financial Industry Regulatory Authority (FINRA) Arbitration No. 17-01188 (May 8, 2017).
FINRA Public Disclosure reveals that Fenwick has been identified in two additional customer initiated investment related disputes that pertain to accusations of Fenwick’s misconduct during the time that he was associated with First Kentucky Securities Corporation and Advest, Inc. Particularly, on April 17, 2007, a customer initiated investment related complaint involving Fenwick’s conduct was settled for $25,000.00 in damages based upon allegations that Fenwick executed transactions in the customer’s account that were not suitable for the customer and made misrepresentations to the customer concerning mutual funds.
Thereafter, a customer filed an investment related arbitration claim involving Fenwick’s conduct in which the customer requested $500,000.00 in damages supported by accusations that from 2015 to 2016, the customer was placed into master limited partnership interests that were inappropriate for the customer. FINRA Arbitration No. 17-00157 (Jan. 17, 2017).
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