Gregory Jon Williams (also known as Greg Williams) of Greenwood Village Colorado a stockbroker currently registered with Presidential Brokerage Inc. is the subject of a customer initiated investment related arbitration claim where the customer requested $578,821.00 in damages supported by allegations that (1) fiduciary obligations failed to be complied with by Williams (2) fraudulent transactions were executed (3) the customer’s account was poorly managed (4) false or misleading statements had been made about the terms and conditions of investments and (5) the customer was placed into unsuitable investments including business development companies, unit investment trust and mutual fund investments during the time that Williams was associated with Presidential Brokerage Inc. Financial Industry Regulatory Authority (FINRA) Arbitration No. 19-00691 (Mar. 29, 2019).
FINRA Public Disclosure reveals that Williams is referenced in three additional customer initiated investment related disputes containing accusations of his violative conduct while he was employed with securities broker dealers including Citigroup Global Markets Inc., Morgan Stanley Smith Barney and Presidential Brokerage Inc.
In particular, a customer filed an investment related arbitration claim regarding Williams’ activities in which the customer sought $25,000.00 in damages founded on allegations that trades were effected in excessive amounts; investments were unsuitable for the customer; and unauthorized transactions were effected by Williams when he was employed by Citigroup Global Markets Inc. The stockbroker is referenced in another customer initiated investment related complaint where the customer requested unspecified damages based upon accusations that during the period in which he was associated with Morgan Stanley Smith Barney, unfounded statements had been made about a variable annuity product.
Another customer filed an investment related arbitration claim involving Williams’ behavior in which the customer sought $1,200,000.00 in damages supported by allegations that fiduciary duties were violated; unit investment trust, non-traded business development companies, over-the-counter equities, mutual funds and corporate debt investments were inappropriate or otherwise unsuitable; transactions were effected without consent; fraudulent misrepresentations and omissions had been made; and the customer’s account lacked supervision from Presidential Brokerage Inc. between 2012 to 2018. FINRA Arbitration No. 18-02058 (June 15, 2018).
