William Hennion of Parsippany New Jersey the current vice president of Hennion Walsh Inc. is referenced in a customer initiated investment related arbitration claim where the customer sought $50,000.00 in damages founded on allegations that inappropriate municipal debt investment recommendations had been made to the customer. Financial Industry Regulatory Authority (FINRA) Arbitration No. 18-01082 (Mar. 29, 2018).
Financial Industry Regulatory Authority (FINRA) Public Disclosure confirms that Hennion is referenced in three more customer initiated investment related disputes pertaining to accusations of his wrongful conduct during the time that he was associated with Hennion & Walsh. Particularly, Hennion was subject of a customer initiated investment related arbitration claim in which the customer was awarded $155,935.00 in compensatory damages based on Hennion being found liable on the customer’s claims of failing to supervise the activities in the customer’s account; breaching his fiduciary duty to the customer; and negligently servicing the customer’s account in reference to the customer’s bond investments. FINRA Arbitration No. 15-02021 (July 6, 2016).
Thereafter, a customer initiated investment related arbitration claim involving Hennion’s conduct was settled for $25,000.00 in damages supported by allegations that Hennion gave the customer bad recommendations concerning the customer’s investments in municipal debt products. FINRA Arbitration No. 15-02348 (Sept. 2, 2016). Thereafter, a customer initiated investment related arbitration claim regarding Hennion’s activities was resolved for $125,000.00 in damages based upon accusations of unsuitability pertaining to the customers’ bond investments. FINRA Arbitration No. 17-01397 (Aug. 25, 2017).
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