William Hennion of New York, New York, the Vice President of Hennion Walsh Inc., was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $260,000.00 in damages based upon allegations of unsuitable recommendations of unit investment trusts and bonds at Hennion Walsh Inc. Financial Industry Regulatory Authority (FINRA) Arbitration No. 19-01662 (December 15, 2020).
This is not the first time that Hennion has been referenced in a customer initiated investment related dispute concerning Hennion’s conduct in the securities industry. FINRA Public Disclosure shows that Hennion was the subject of a FINRA securities arbitration claim in which the customer was awarded $155,935.45 in compensatory damages because Hennion and Hennion Walsh Inc. were held liable for sales practice violations. FINRA Arbitration No. 15-02021 (July 7, 2016). The Statement of Claim alleged that Hennion was negligent and breached his fiduciary duties in connection with the recommendation and sale of municipal bonds.
Hennion has been associated with Hennion Walsh Asset Management Inc. in Parsippany, NJ, as an investment advisor representative since July 20, 2007, and has been associated with Hennion Walsh Inc. in Parsippany, NJ, as a stockbroker since October 2, 1990.