- January 27, 2019
- Presidential Brokerage
The Wolper Law Firm is currently investigating claims against Gregory J. Williams, a Financial Advisor at Presidential Brokerage in Greenwood Village, Colorado. Gregory J. Williams has been in the securities industry since 1986 and previously worked at Morgan Stanley.
According to publicly available records released by the Financial Industry Regulatory Authority (FINRA), Gregory J. Williams has been the subject of four customer complaints, alleging sales practice violations, including two complaints filed in 2018.
- June 2018—” ALLEGATIONS INCLUDE UNSUITABILITY, MISREPRESENTATION.” Alleged damages are $151,000 and the matter remains pending.
- June 2018—”ALLEGATIONS INCLUDE UNAUTHORIZED TRANSFER, UNSUITABILITY, MISREPRESENTATIONS AND OMISSIONS, FAILURE TO SUPERVISE, FRAUD, BREACH OF FIDUCIARY DUTY FROM MAY 2012 THROUGH MARCH 2018.” Alleged damages are $1.2 million and the matter remains pending.
- February 2009—”CLAIMANT ALLEGES, INTER ALIA, THAT BEGINNING IN OCTOBER OF 2005 THE FINANCIAL ADVISOR MADE AN EXCESSIVE AMOUNT OF UNAUTHORIZED AND UNSUITABLE TRADES IN HER ACCOUNT.” The matter was settled for $25,000.
For a copy of the Gregory J. Williams’s CRD, click https://brokercheck.finra.org/individual/summary/1561089#disclosuresSection
Financial advisors have a legal and regulatory obligation to recommend only suitable investments that are appropriate for their clients’ needs and objectives. Their employing brokerage firm has a legal and regulatory obligation to supervise the Financial Advisors’ sales practices and dealings with clients. To the extent any of these duties are breached, the customer may be entitled to a recovery of his or her investment losses.
The Wolper Law Firm represents investors nationwide in securities litigation and arbitration on a contingency fee basis. Matt Wolper, the Managing Principal of the Wolper Law Firm, is a trial lawyer who has handled hundreds of securities cases during his career involving a wide range of products, strategies and securities. Prior to representing investors, he was a partner with a national law firm, where he represented some of the largest banks and brokerage firms in the world in securities matters. We can be reached at 800.931.8452 or by email at email@example.com.