According to Advisor Hub and publically available records provided by the Securities and Exchange Commission, Texas-based Ameriprise broker/adviser William Marshall has been suspended from securities industry. The securities and investment fraud law firm Fitapelli Kurta is interested in speaking to investors who have complaints regarding Mr. Marshall (CRD# 3267723).
William Marshall has spent sixteen years in the securities industry and has been registered with Ameriprise Financial Services in Dallas, Texas since 2011. Previous registrations include Southwest Securities in Dallas, Texas (2002-2011) and May Financial Corporation in Dallas, Texas (1999-2001). He is a registered broker and investment adviser with nine US states: Connecticut, Florida, Louisiana, Missouri, New Jersey, New York, Pennsylvania, Texas, and Virginia.
According to his publicly available Financial Industry Regulatory Authority (FINRA) BrokerCheck report, William Marshall is the subject of one regulatory sanction.
In February 2016 FINRA sanctioned stockbroker William Marshall following allegations he “participated in $1.72 million of privately issued preferred stock without having provided prior written notice to his member firm,” Ameriprise Financial Services. According to Advisor Hub, Mr. Marshall sold “preferred stock in BioChemics to his branch manager, complex manager, other Ameriprise brokers and several customers from January 2011 to May 2012. He failed to provide written notice to Ameriprise of the sales, as required by Finra and Ameriprise rules, according to the settlement.”
William Marshall allegedly did not inform customers who bought these shares that he was a member of BioChemics’ scientific advisory board, and additionally held warrants to buy BioChemics stock.
According to FINRA, Mr. Marshall also “used an unapproved personal Email account to communicate with firm customers about investing in the issuer, effectively preventing his firm from fulfilling its supervisory obligations regarding review and retention of business correspondence.” He also allegedly distributed sales materials that failed to disclose his interests, business and personal, in the stock issuer. Mr. Marshall has consented to a $10,000 fine and a 15-month suspension from the securities industry.
If you have complaints regarding William Marshall, call the securities and investment fraud law firm Fitapelli Kurta at 877-238-4175 for a free consultation. You may be entitled to recoup your losses. All cases are taken on contingency: we only receive payment if and when you recover money. You may have a limited window to file your complaint, so we encourage you to avoid delay. Call 877-238-4175 now to speak to an attorney for free.