Public records published by the Financial Industry Regulatory Authority (FINRA) on July 5, 2016 indicate that former Maryland-based NYLife broker Jonathan Williams has been permanently barred from acting as a broker. The securities and investment fraud law firm Fitapelli Kurta is interested in speaking to investors who have complaints regarding Mr. Williams (CRD# 4069029).
Jonathan Williams has spent 15 years in the securities industry and was most recently registered with NYLife Securities in Timonium, Maryland (2006-2015). Previous registrations include Ameriprise Financial Services in Minneapolis, Minnesota (2000-2006) and IDS Life Insurance Company in Minneapolis, Maryland (2000-2006). Mr. Williams is currently not registered with any state or firm.
According to his BrokerCheck report, Jonathan Williams has received seven customer complaints, one regulatory sanction, and three pending customer complaints.
In April 2016, a customer alleged Jonathan Williams, while employed at NYLife Securities, “invested their funds in unsuitable, risky, and high commission products, effectuating withdrawals from their accounts sometimes through forged documents resulting in large surrender charges and unnecessary tax consequences and penalties.” The customer is seeking $900,000 in damages in the pending complaint.
In July 2015, FINRA sanction Jonathan Williams following allegations he failed to provide on-the-record testimony during an investigation into allegations related to his termination from NYLife Securities. He was permanently barred from association with FINRA member firms.
In March 2015, John Williams was discharged from NYLife Securities following allegations he provided the firm with bank records “that were deemed not genuine.”
In July 2015, a customer alleged Jonathan Williams, while employed at NYLife Securities, failed to purchase products for which funds were provided, and failed to provide investment advice. The complaint settled in March 2016 for more than $121,700.
In November 2015, a customer alleged Jonathan Williams, while employed at NYLife Securities, transferred his funds to a product that didn’t exist. The complaint settled in December 2015 for $1,000.
In September 2015, a customer alleged Jonathan Williams, while employed at NYLife Securities, moved funds into a certificate of deposit. The complaint settled in February 2016 for more than $27,500.
In August 2015, a customer alleged Jonathan Williams, while employed at NYLife Securities, engaged in unspecified misconduct in connection to a defined benefit pension plan. The complaint settled in December 2015 for more than $197,600.
In August 2015, a customer alleged Jonathan Williams, while employed at NYLife Securities, engaged in unspecified conduct related to the sale of certificates of deposit she assumed were affiliated with NYLife Securities. The complaint settled in January 2016 for more than $295,300.
In 2015, a customer alleged Jonathan Williams, while employed at NYLife Securities, sold her products using funds that were later withdrawn from her account. The complaint settled for more than $417,300.
If you have lost money investing with Jonathan Williams, you may be able to collect a recovery. Call the securities and investment fraud law firm Fitapelli Kurta at 877-238-4175 for a free consultation. 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 claim, so we suggest you avoid delay. Call 877-238-4175 now to speak to an attorney for free.