Kenneth Leopold Williams of Staten Island New York a stockbroker formerly registered with WestPark Capital Inc. has been terminated by the firm on May 24, 2017 based upon accusations that Williams failed to conform to WestPark Capital’s policies.
Financial Industry Regulatory Authority (FINRA) Public Disclosure confirms that this is not the first time that Williams has been terminated from a brokerage firm for alleged misconduct. Specifically, on December 5, 2007, Legend Merchant Group, Inc. discharged Williams founded on allegations that Williams failed to comply with the firm’s policies referenced within the firm’s supervisory procedures.
In addition, a customer initiated investment related arbitration claim regarding Williams’ conduct was resolved for $90,000.00 in damages supported by accusations that fiduciary duties owed to the customer had been breached, important information about equities had not been provided to the customer, and misrepresentations had been made concerning the customer’s investments. FINRA Arbitration No. 09-06486 (Apr. 7, 2011).
Thereafter, on January 5, 2017, a customer filed an investment related complaint involving Williams’ activities where the customer sought $100,000.00 in damages based upon accusations that Williams utilized margin without authorization, and executed over-the-counter equities trades without the customer’s permission.
Between June 23, 2017 and July 13, 2017, Williams was associated with J.H. Darbie & Co., Inc. Williams then became employed by Fordham Financial Management, Inc. from August 7, 2017 to June 15, 2018. Williams has been registered with First Standard Financial Company LLC since June 15, 2018.
The information contained herein has been obtained from reliable sources however may not be accurate and is not guaranteed by us. Readers are encouraged to undertake their own independent investigation and evaluation of the relevant facts. All claims and allegations are subject to adjudication, decisions may be subject to appeal, and no inference is intended, nor should any inference be made from any information contained herein from any source.
This posting and the information on our website is for general information purposes only. This content should be not considered legal advice, and any responses, comments, e-mails, other communications do not form any attorney client relationship. Attorney Advertisement. See Important Disclaimer
Guiliano Law Group
Our practice is limited to the representation of investors. Over the last three decades, we have recovered more than a hundred million dollars for more than 1,000 injured investors from all over the United States and several foreign countries. We accept representation purely 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 confidential consultation or an evaluation of your claim. For more information, contact us at (877) SEC-ATTY.
For more information concerning common claims against stockbrokers and investment professionals, please visit us at securitiesarbitrations.com
To learn more about FINRA Securities Arbitration, and the legal process, please visit us at securitiesarbitrations.com
