William C. Gennity, from Staten Island, New York, a stockbroker with First Standard Financial Company LLC, and previously registered with Alexander Capital, L.P., was named in regulatory action from Montana’s Securities Division, in which Gennity was alleged to have engaged in unauthorized and excessive trading, unsuitable investment recommendations, charging of excess fees, unauthorized use of margin, and fraud.
Public Disclosure records reveal that Gennity has also been subject to three other customer disputes. Particularly, on August 27, 2014, Gennity settled a customer dispute for $14,900.00 after the customer alleged that Gennity engaged in the churning of the customer’s account and concentrated the customer’s securities in an unsuitable fashion.
On April 18, 2016, Gennity became subject to a pending customer dispute, in which the customer requested $660,000.00 per allegations against Gennity of excessively trading in the customer’s account, generating excessive commissions, and making unsuitable investment recommendations. On the same day, Gennity became subject to another customer dispute alleging that Gennity made misrepresentations and made unsuitable investment recommendations.
Guiliano Law Group
Our practice is limited to the representation of investors. We accept representation on a contingent fee basis, meaning there is no cost to you unless we make a recovery for you. There is never any charge for a consultation or an evaluation of your claim. For more information, contact us at (877) SEC-ATTY.
