Dennis Michael Williams, of Kansas City, Missouri, a stockbroker registered with Morgan Stanley Smith Barney LLC, has been fined $4,250.00 by Florida Office of Financial Regulation because Williams gave indvidiudals investment advice without registration. Order No. 112044-SR (December 13, 2022).
In December of 2022, the regulator determined that Williams violated Florida Statute Section 517.12(4), because he gave investment guidance in Florida without approval. Williams promised to cease and desist breaking Florida law and to pay a fine to resolve the matter.
Financial Industry Regulatory Authority (FINRA) Public Disclosure shows that Williams was also referenced in a customer initiated investment related complaint filed on October 22, 2009, in which the customer requested compensation based upon allegations that Williams made unsuitable recommendations of stocks during the time that Williams was associated with Citigroup Global Markets Inc.
Williams has been associated with Morgan Stanley as a stockbroker and investment advisor representative since June 1, 2009.
