Gregory Jon Williams (also known as Greg Williams) a stockbroker formerly registered with Forta Financial Group Inc. is the subject of a customer initiated investment related FINRA securities arbitration claim where the customer sought $250,000.00 in damages supported by accusations of misrepresentation and breach of fiduciary duty as it pertained to the customer’s investments in business development companies and unit investment trusts between November of 2014 and September of 2018. Financial Industry Regulatory Authority (FINRA) Arbitration No. 20-03504 (Oct. 26, 2020). According to the claim, Williams’s negligence resulted in damages. The claim also alleges that the customer had been placed into unsuitable mutual funds and corporate debt products.
FINRA Public Disclosure confirms that Williams has been referenced in seven more customer initiated investment related disputes containing allegations of his improper activities during the period that he was employed by securities broker dealers including Presidential Brokerage Inc. and Forta Financial Group. On June 15, 2018, a customer filed an investment related FINRA securities arbitration claim concerning Williams’s activities in which they requested $1,200,000.00 in damages founded on accusations of fraud and breach of fiduciary duty. FINRA Arbitration No. 18-02058.
Williams is referenced in another customer initiated investment related FINRA securities arbitration claim where the customer was awarded $45,818.00 in damages based on Williams and Presidential Brokerage being found liable on the customer’s claims including churning and fraud. FINRA Arbitration No. 19-00691 (Dec. 4, 2019). According to the claim, Presidential Brokerage failed to supervise the stockbroker. The claim also alleges that omissions and misrepresentations had been made in regard to securities transactions.
On March 31, 2020, a different customer filed an investment related FINRA securities arbitration claim involving Williams’s activities where they sought $500,000.00 in damages based upon allegations of breach of contract and the failure to supervise transactions involving business development companies, mutual funds and unit investment trusts. FINRA Arbitration No. 20-00893. The claim alleges that the stockbroker breached a fiduciary duty resulting in damages. Accusations also include breach of contract and unsuitability.
Williams is also the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer sought $500,000.00 in damages supported by allegations of negligence as it pertained to the customer’s investments in real estate securities and busines development companies during the time that Williams was associated with Forta Financial Group. FINRA Arbitration No. 20-02962 (Sept. 9, 2020). According to the claim, the customer sustained damages from a breach of fiduciary duty by the stockbroker between August of 2013 and July of 2020.
On October 7, 2020, another customer filed an investment related FINRA securities arbitration claim regarding Williams’s conduct where they sought $99,000.00 in damages founded on accusations that corporate debt and real estate security transactions were not suitable for them. FINRA Arbitration No. 20-03372. According to the claim, between March of 2012 and September of 2020, the stockbroker’s negligence and breach of a fiduciary duty caused damages to the Forta Financial Group customer.
Williams was registered with Forta Financial Group between April 20, 2011 and November 25, 2020.
