William Townley Koenig III of Spring Hill Florida a stockbroker currently employed by J.W. Cole Financial Inc. is referenced in a customer initiated investment related arbitration claim where the customer sought $100,000.00 in damages based upon allegations that the customer’s assets were placed in speculative stock positions that were not suitable for the customer. Financial Industry Regulatory Authority (FINRA) Arbitration No. 18-01315 (Apr. 12, 2018).
FINRA Public Disclosure confirms that Koenig has been identified in six customer initiated investment related disputes containing accusations of his sales practice violations during the period that he was registered with Raymond James Financial Services Inc. Particularly, on March 21, 2003, a customer filed an investment related complaint regarding Koenig’s conduct in which the customer requested $15,000.00 in damages supported by allegations of suitability relating to the customer’s equity portfolio.
Thereafter, Koenig was subject of a customer initiated investment related arbitration claim where the customer was awarded $240,000.00 in damages based upon Koenig having been found liable on the customer’s claims of negligence, misrepresentation, fraud, breach of fiduciary duty, violation of federal securities laws, breach of contract and suitability concerning over-the-counter equities, variable annuity products and closed-end mutual funds. National Association of Securities Dealers (NASD) Arbitration No. 04-03717 (Sept. 30, 2005).
On September 20, 2006, another customer filed an investment related complaint concerning Koenig’s activities in which the customer sought $150,000.00 in damages founded on accusations of poor performance on variable annuity investments. Subsequently, a customer initiated investment related arbitration claim concerning Koenig’s activities was resolved for $18,750.00 in damages based upon allegations including fraud, negligence, unauthorized trading, omissions, misrepresentation, breach of contract, breach of fiduciary duty, and suitability concerning options and over-the-counter equities transactions placed in the customer’s account. NASD Arbitration No. 05-05706 (July 30, 2017).
Another customer initiated investment related arbitration claim involving Koenig’s conduct was settled for $9,999.00 in damages supported by accusations that unsuitable investment recommendations had been made to the customer, contractual duties had been breached, fraudulent misrepresentations and omissions were made regarding purchases and sales of securities, unauthorized over-the-counter equities trades were executed in the customer’s account, and the customer’s account had been negligently administered. NASD Arbitration No. 07-01699 (July 30, 2007).
On March 10, 2008, another customer filed an investment related complaint concerning Koenig’s conduct where the customer requested $80,000,000.00 in damages founded on allegations that unauthorized transactions were effected in the customer’s investment account, and the customer’s outgoing account transfers were not timely executed.
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. We accept representation 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 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
