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William Frasco Has Criminal Charge

William FrascoPublic records provided by the Financial Industry Regulatory Authority (FINRA) on July 25, 2016 indicate that New York-based First Standard Financial Company broker William Frasco has been the subject of a criminal charge. The securities and investment fraud law firm Fitapelli Kurta is interested in hearing from investors who have complaints regarding Mr. Frasco (CRD# 2111432).

William Frasco has spent 19 years in the securities industry and has been registered with First Standard Financial Company in Staten Island, New York since March 2016. Previous registrations include Legend Securities in New York, New York; GP Nurmenkari in New York, New York; JP Turner & Company in Brooklyn, New York; Wilmington Capital Securities in Garden City, New York; National Securities in Old Bridge, New Jersey, Joseph Stevens & Company in New York, New York; Benson York Group, which has since been expelled by FINRA, in Melville, New York; MH Meyerson & Company in Jersey City, New Jersey; Drake & Company in New York, New York; Ladenburg Thalmann & Company in New York, New York; AS Goldmen & Company in Red Bank, New Jersey; and First Hanover Securities in Staten Island, New York. He is a registered broker with New Jersey and New York.

According to his BrokerCheck report, William Frasco has received a criminal complaint and resigned from his position at Benson York Group.

In April 2015, a customer alleged William Frasco, while employed at Legend Securities, failed to honor instructions. The customer sought $90,000 in damages in the complaint, which was denied.

In 2010, William Frasco pled guilty to a misdemeanor charge of aggravated unlicensed operation of a motor vehicle in the first degree. He pled guilty and was sentenced to three years of probation, with early discharge from probation after one year.

In 2001, William Frasco was “permitted to resign” from his position at Benson York Group and “allegedly left [the] firm with a 20k debit in trading account.”

If you have lost money investing with William Frasco, you may be entitled to recover your losses. Call the securities and investment fraud law firm Fitapelli Kurta at 877-238-4175 for a free consultation. All cases are taken on contingency, which means we only get paid if and when you collect money. You may have a limited window to file your claim, so we recommend you avoid delay. Call 877-238-4175 now to speak to an attorney for free.