Wilson Henry Williams of Dallas Texas a stockbroker and principal registered with WFG Investments Inc. is referenced in a customer initiated investment related arbitration claim where the customer requested $236,081.00 in damages supported by accusations of the failure to supervise the customer’s investments in direct participation program or limited partnership interests. Financial Industry Regulatory Authority (FINRA) Arbitration No. 17-01917 (Nov. 22, 2017).
FINRA Public Disclosure confirms that Williams has been identified in three additional customer initiated investment related disputes containing allegations of Williams’ misconduct while employed with WFG Investments, Inc. Specifically, a customer initiated investment related arbitration claim concerning Williams’ activities was settled for $254,925.00 in damages based upon accusations that Williams was liable for the reckless hiring of a registered representative who effected transactions in the customer’s mutual fund account. National Association of Securities Dealers (NASD) Arbitration No. 02-2294 (Feb. 26, 2004).
Moreover, a customer filed an investment related arbitration claim regarding Williams’ conduct in which the customer sought $1,000,000.00 in damages founded on allegations that the investment recommendations made to the customer were not suitable concerning investments in penny stock and over-the-counter equities. FINRA Arbitration No. 14-01991 (July 21, 2014).
Then, a customer initiated investment related arbitration claim concerning Williams’ conduct was resolved for $250,000.00 in damages supported by accusations of breach of fiduciary duty, unsuitable recommendations, misrepresentations, and the failure to reasonably investigate a private placement investments in Servergy, Inc. FINRA Arbitration No. 16-00346 (Dec. 7, 2016).
Williams’ registration with WFG Investments, Inc. has been terminated as of November 29, 2017.
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