lawyer writing

William Forrest Winchester (also known as Bill Woods), of Chattanooga, Tennessee, a stockbroker formerly registered with LPL Financial LLC and Raymond James Financial Services Inc., is identified in a customer initiated investment related FINRA securities arbitration claim in which the customer requested $3,000,000.00 in damages based upon accusations of misrepresentation and conversion during the time that Winchester was employed by LPL Financial and Raymond James. FINRA Arbitration No. 21-06484 (November 16, 2021).

FINRA Public Disclosure shows that Winchester has been identified in two more customer initiated investment related disputes containing allegations of his misconduct while employed by LPL Financial and Raymond James. On January 7, 2020, a customer initiated investment related arbitration claim concerning Winchester’s activities was settled for $7,500.00 in damages founded on accusations including breach of fiduciary duty, breach of contract, and negligence as it pertained to the customer’s investments in options when Winchester was registered with Raymond James. FINRA Arbitration No. 18-01388 (January 7, 2020). According to the claim, Raymond James negligently supervised Winchester’s securities transactions. The claim also alleges unsuitable transactions and violations of FINRA rules.

Winchester is also the subject of a customer initiated investment related arbitration claim where the customer sought compensatory damages supported by allegations of unauthorized transactions by Winchester between March of 2009 and November of 2021. FINRA Arbitration No.  21-02846 (November 15, 2021). According to the claim, funds were borrowed from the customer’s account by Winchester without the customer’s authorization.

Winchester has also been fined $45,000.00 and placed on heightened supervision for three years by Tennessee Securities Division based upon accusations of Winchester’s failure to disclose to Raymond James that he received loans from three customers of the securities broker dealer. Case No. TSD No. 20-034 (June 11, 2020).

Winchester was discharged by Raymond James on February 20, 2020, founded on allegations of his concealment of customer loans. Winchester was associated with Cadaret Grant Co. Inc. between May 7, 2020, and May 5, 2021.