Publicly available records provided by the Financial Industry Regulatory Authority (FINRA) on January 31, 2017 indicate that Texas-based PFS Investments broker William Staudacher has been sanctioned by FINRA in connection to alleged misconduct. Fitapelli Kurta is interested in hearing from investors who have complaints regarding Mr. Staudacher (CRD# 2878221).
William Staudacher has spent nineteen years in the securities industry and has been registered with PFS Investments in Dallas, Texas since 1997. He has no previous registrations. He is a registered broker with eleven US states and territories.
According to his BrokerCheck report, William Staudacher has received one customer complaint and one FINRA sanction.
In January 2017 FINRA sanctioned William Staudacher following allegations he “executed unauthorized transactions in two different customers’ accounts.” According to FINRA’s findings: “with respect to one of the customers, Staudacher did not contact her and obtain her authorization prior to executing any of the transactions in her account. With respect to the other customer, Staudacher did not contact her prior to executing the transactions in her accounts. After these customers complained, Staudacher’s member firm reversed the transactions in their accounts and made them whole. Staudacher’s firm imposed a total of $10,000 in monetary sanctions on Staudacher as a result of his unauthorized trading in the customers’ accounts. The findings also stated that Staudacher engaged in unapproved securities-related communications with the same two customers via text messaging, which violated his firm’s written supervisory procedures (WSP).” He was issued a one-month suspension and a fine of $5,000.
In December 2015 a customer alleged William Staudacher, while employed at PFS Investments, executed unauthorized trades in her account. The complaint settled for more than $6,600.
If you or someone you know has complaints regarding William Staudacher, call the experienced attorneys at Fitapelli Kurta at 877-238-4175 for a free consultation. You may be entitled to recover lost funds. All cases are taken on contingency: we only receive payment if and when you collect money. Time to file your claim may be limited, so we suggest you avoid delay. Call 877-238-4175 now to speak to an attorney for free.