Kenneth Leopold Williams of Red Bank New Jersey a stockbroker formerly registered with Paulson Investment Company LLC has been discharged by the securities broker dealer on August 20, 2020 supported by allegations that Williams was not compliant with Paulson’s instructions. According to the claim, customers were provided with private information from Williams against company policy.
This is not the first time that Williams has been terminated by a securities broker dealer based upon accusations of misconduct. Williams was discharged by Legend Merchant Group founded on allegations that he was not compliant with its supervision procedures. Williams was terminated by WestPark Capital Inc. on May 24, 2017 supported by accusations that he neglected to comply with firm policy.
FINRA Public Disclosure confirms that Williams has been identified in two customer initiated investment related disputes regarding allegations of Williams’ harmful conduct when employed by Legend Merchant Group and First Standard Financial LLC. Williams is the subject of a customer initiated investment related FINRA securities arbitration claim which was resolved for $90,000.00 in damages based upon accusations that Williams breached a fiduciary duty to the customer in reference to over-the-counter equities transactions at Legend Merchant Group. The claim alleges that misrepresentations and omissions had been made by the stockbroker regarding equities.
On January 5, 2017, a different customer filed an investment related complaint regarding Williams’ activities in which the customer requested $100,000.00 in damages founded on allegations that the stockbroker used margin without authorization and had made unauthorized over-the-counter equities trades at First Standard Financial.
Since 1994, Williams has been associated with twenty-seven securities broker-dealers, twenty five of which have been expelled by FINRA or are defunct.
