Gregory Jon Williams (also known as Greg Williams), of Greenwood Village, Colorado, a stockbroker formerly registered with Forta Financial Group Inc., is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer sought $30,000.00 in damages based upon accusations of the violation of federal and state securities laws concerning alternative investments when Williams was associated with Forta Financial Group. Financial Industry Regulatory Authority (FINRA) Arbitration No. 21-00742 (April 1, 2021).
According to the claim, Williams’ negligence resulted in damages to the customer on a non-traded business development company (BDC) investment. The claim also contains allegations of negligence and breach of fiduciary duty between November of 2013 and February of 2021.
FINRA Public Disclosure shows that Williams has been identified in eight additional customer initiated investment related disputes containing accusations of his wrongdoing while he was employed by Presidential Brokerage Inc., Citigroup Global Markets Inc., Morgan Stanley Smith Barney, and Forta Financial Group.
On June 15, 2018, a customer filed an investment related FINRA securities arbitration claim involving Williams’ conduct where they requested $1,200,000.00 in damages founded on allegations of unauthorized transactions and breach of fiduciary duty by Williams during the time that he was registered with Presidential Brokerage. FINRA Arbitration No. 18-02058. The claim alleges misrepresentations and omissions regarding unit investment trusts, mutual funds, over-the-counter equities, corporate debt investments, and non-traded business development companies. According to the claim, Presidential Brokerage failed to supervise, resulting in the customer being defrauded.
Williams is also the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer was awarded $45,818.00 in compensatory damages based upon Williams and Presidential Brokerage having been found liable on the customer’s claims of negligence and unsuitable trading. FINRA Arbitration No. 19-00691. The Statement of Claim alleges churning of the customer’s account and a breach of fiduciary duty by the stockbroker.
On March 31, 2020, another customer filed an investment related FINRA securities arbitration claim regarding Williams’ activities in which they sought $500,000.00 in damages supported by accusations of unsuitable alternative investments by Williams when he was employed by Forta Financial Group. The claim alleges that between January of 2015 and March of 2020, the customer was defrauded on investments including BDCs, UITs, mutual funds, and corporate debt investments. According to the claim, Williams breached a contract and breached a fiduciary duty to the customer.
Williams is also referenced in a customer initiated investment related FINRA securities arbitration claim where the customer requested $500,000.00 in damages supported by allegations including breach of fiduciary duty, negligence, and unsuitable trading, resulting in damages on mutual funds, real estate securities, and BDCs between August of 2013 and July of 2020. FINRA Arbitration No. 20-02962 (September 9, 2020).
On October 7, 2020, a different customer filed an investment related FINRA securities arbitration claim concerning Williams’ conduct in which they sought $99,000.00 in damages founded on accusations that between March of 2012 and September of 2020, negligent and unsuitable transactions were effected in the customer’s account. FINRA Arbitration No. 20-03372. The claim also contains allegations of breach of fiduciary duty by Williams at Forta Financial Group.
Williams is additionally identified in a customer initiated investment related FINRA securities arbitration claim where the customer requested $250,000.00 in damages based upon accusations of misrepresentation relating to alternative investments held by the customer between November of 2014 and September of 2020. FINRA Arbitration No. 20-03504 (October 26, 2020).
Williams was associated with Forta Financial Group between April 20, 2011, and November 25, 2020.
