Without admitting or denying the findings, Williams consented to the sanction and to the entry of findings that he failed to produce documents and information after FINRA had repeatedly requested him to do so in relation to an investigation regarding a customer complaint alleging that Williams converted more than $1,000,000 from customers’ accounts, made unsuitable investment recommendations, and engaged in unauthorized transactions and mismanaged assets.
The pending customer complaint alleges that during the period from mid-2004 until 2015 Williams “mismanaged their finances by exceeding the scope of his authority and unsuitable investments in ventures like “Smashburger”.”
For FINRA’s full finding see FINRA Case #2015047059702.
According to FINRA Broker Check, Williams was registered with Next Financial Group in Frisco, TX from 11/2008 – 08/2016.
Brokerage firms are required to Properly Supervise all advisors they employ and to ensure that those advisors are complying with applicable FINRA rules and regulations. If it can be demonstrated that Williams’ former employer failed to properly supervise him, his employer may be held responsible for the losses in a FINRA arbitration claim.
If you suffered losses investing with Tye Williams and would like a free consultation to discuss your litigation options, please call The White Law Group at 1-888-637-5510.
The White Law Group is a national securities fraud, securities arbitration, and investor protection law firm with offices in Chicago, Illinois and Vero Beach, Florida.
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