William Sidney Friedman (also known as Bill Friedman and as Willie Friedman), of Boca Raton, Florida, a stockbroker formerly registered with Pinnacle Investments LLC, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on allegations that he failed to respond to FINRA’s inquiry regarding an unpaid arbitration award in FINRA Arbitration No. 21-00298 (July 30, 2021).
Friedman has been identified in four customer initiated investment related disputes regarding accusations of his misconduct while he was registered with securities broker dealers, including Newbridge Securities Corporation, Pinnacle Investments, Woodstock Financial Group, and Raymond James Financial Services. FINRA Public Disclosure shows that a customer filed an investment related complaint involving Friedman’s activities where the customer requested compensatory damages based upon allegations of Friedman’s unsuitable trading at Raymond James Financial Services.
Another customer initiated investment related FINRA securities arbitration claim regarding Friedman’s conduct was settled for $10,000.00 in damages supported by accusations of Friedman’s unsuitable equity trading strategy. FINRA Arbitration No. 15-02209 (February 8, 2016). The claim also contains allegations of breach of fiduciary duty relating to the customer’s investments in mutual funds, stocks, corporate bonds, and over-the-counter equities.
On March 26, 2021, another customer filed an investment related FINRA securities arbitration claim concerning Friedman’s activities in which the customer sought $700,000.00 in damages founded on accusations of unauthorized trading concerning stock trades during the time that he was associated with Pinnacle Investments, Woodstock Financial Group, and Newbridge Securities Corp.
Friedman is also identified in a customer initiated investment related FINRA securities arbitration claim in which the customer was awarded $250,000.00 in damages according to an arbitration claim where Friedman was found liable for fraud or violating federal securities laws when he was employed by Pinnacle Investments. FINRA Arbitration No. 21-00298 (July 30, 2021).
Friedman’s registration with Pinnacle Investments was terminated on October 2, 2020.
