Financial Advisor Wills Henriquez Suspended By FINRA For 45 Days For Taking Discretion In Customer Accounts
The Wolper Law Firm is currently investigating claims against Wills Henriquez, a former Financial Advisor at Network 1 Financial Securities in Brooklyn, NY. Among Wills Henriquez’s prior employers were Newport Coast Securities, Legend Securities and Emerald Investments.
According to publicly available records released by the Financial Industry Regulatory Authority (FINRA), on June 21, 2018, Wills Henriquez was suspended by FINRA for forty-five (45) days. Wills Henriquez “consented to the sanctions and to the entry of findings that he effected discretionary transactions in customers’ accounts without the customers providing him written authorization to utilize discretion and he did not obtain written authorization from his member firm to service the accounts on a discretionary basis.”
It is required by FINRA rules and other governing regulations that Financial Advisors obtain authorization for all trades placed in non-discretionary accounts prior to executing those trades. If a trade is unauthorized, the customer may be entitled to rescission of the trade, plus any damages caused or commissions charged.
In addition to the regulatory disclosure, Wills Henriquez has been the subject of three (3) customer complaints. Two of the complaints alleged that Wills Henriquez failed to manage their accounts the customer’s best interest.
If you or someone you know was a customer of Wills Henriquez and you experienced investment losses, please contact the Wolper Law Firm at 800.931.8452 or by email at email@example.com to discuss your specific situation and the legal options available. The Wolper Law Firm represents investors nationwide in securities litigation and arbitration.
- Former LPL Financial And Current Royal Alliance Broker, Kevin Barletta, Supsended by FINRA For Two Months And Fined $5,000 For Alleged Improper Trading Practices With REITs
- Former Ameriprise Financial Services, Inc. Broker, Sean Refsnider, Barred By FINRA For Allegedly Converting Assets From An Elderly Client
- Barred Former Financial Services, Inc. Broker, Johnathan Freeze, Has Nine Costumer Complaint Disclosures
- Merrill Lynch, Pierce, Fenner & Smith Broker, Forrest Jones, Under Investigation By The United States Securities And Exchange Commission
- Former Fortune Financial Services Broker, Jeffrey Butler, Has Had Five Customer Complaint Disclosures
- W & S Brokerage Services, Inc. Broker, Marcus Beasley, Sanctioned And Discharged For Allegedly Engaging In Outside Business Activity
- Former AXA Advisors LLC Broker, Jenna Kang, Barred By FINRA For Failing To Cooperate With Investigation Regarding Whether She Improperly Signed Customer Forms
- Former Vision Brokerage Services, LLC Broker, Dwight Dykstra, Supsended by FINRA For One Year And Fined $10,000, For Allegedly Engaging In Private Securities Transactions
- Four Points Capital Partners LLC Broker, Michael Christopher Martino, Has Had Five Customer Complaint Disclosures
- Former Woodbury Financial Services, Inc. Broker, Ronald Hannes, Barred By FINRA For Failing To Cooperate With FINRA Investigation Regarding The Conversion Of Client Assets