Did you lose money investing with William Wright (CRD# 3048195)?
Galvin Legal, PLLC is launching an investigation on behalf of investors who may have suffered losses investing with William Wright. If you suffered losses investing with William Wright, then Galvin Legal, PLLC may be able to help you recover your losses in a Financial Industry Regulatory Authority (“FINRA“) arbitration claim.
If you suffered losses and would like a free consultation with a securities attorney, then please call Galvin Legal, PLLC at 1-800-405-5117.
As of February 2, 2023, William Wright’s FINRA BrokerCheck Report contains the following:
BARRED: FINRA has barred this individual from acting as a broker or otherwise associating with a broker-dealer firm.
Disclosure Events
1 Customer Dispute
1 Regulatory Event
1 Employment Separation After Allegations
1 Financial Disclosure
August 19, 2021 – An AWC was issued in which Wright was barred from association with any FINRA member in all capacities. Without admitting or denying the findings, Wright consented to the sanction and to the entry of findings that he refused to provide information and documents requested by FINRA in connection with its investigation into the facts surrounding his termination from his member firm. The findings stated that the Form U5 filed by Wright’s firm reported that he was terminated as a result of his borrowing money from a customer of the firm. (FINRA Case #2020068758101)
Current and Previous Registrations
02/20/2015 – 11/25/2020 NATIONAL SECURITIES CORPORATION (CRD#:7569) NEW YORK, NY
03/21/2013 – 03/04/2015 WOODSTOCK FINANCIAL GROUP, INC. (CRD#:38095) NEW YORK, NY
04/25/2012 – 03/12/2013 ROCKWELL GLOBAL CAPITAL LLC (CRD#:142485) NEW YORK, NY
09/22/2011 – 04/16/2012 NATIONAL SECURITIES CORPORATION (CRD#:7569) HUNTINGTON, NY
03/24/2006 – 10/20/2006 CHASE INVESTMENT SERVICES CORP. (CRD#:25574) NEW YORK, NY
10/07/2005 – 04/05/2006 MML INVESTORS SERVICES, INC. (CRD#:10409) NEW YORK, NY
06/01/2004 – 05/16/2005 PARK AVENUE SECURITIES LLC (CRD#:46173) NEW YORK, NY
11/18/2003 – 03/15/2004 WADDELL & REED, INC. (CRD#:866) OVERLAND PARK, KS
11/25/1998 – 10/21/2003 NATIONWIDE INVESTMENT SERVICES CORPORATION (CRD#:7110) COLUMBUS, OH
If you suffered losses and would like a free consultation with a securities attorney, then please call Galvin Legal, PLLC at 1-800-405-5117.
Due Diligence Requirement
FINRA requires broker’s to conduct due diligence on investments and to conduct a suitability analysis when recommending securities to a customer that takes into account the customer’s knowledge and experience. FINRA Rule 2111(a) states that “a member or an associated person must have a reasonable basis to believe that a recommended transaction or investment strategy involving a security or securities is suitable for the customer, based on the information obtained through the reasonable diligence of the member or associated person to ascertain the customer’s investment profile. A customer’s investment profile includes, but is not limited to, the customer’s age, other investments, financial situation and needs, tax status, investment objectives, investment experience, investment time horizon, liquidity needs, risk tolerance, and any other information the customer may disclose to the member or associated person in connection with such recommendation.”
Rule 2111 is composed of three main obligations: reasonable-basis suitability, customer-specific suitability, and quantitative suitability. Brokers and the brokerage firms they work for that fail to conduct adequate due diligence on investments they recommend or that make unsuitable recommendations can be held responsible for the customer’s losses in a FINRA arbitration claim.
If you suffered losses and would like a free consultation with a securities attorney, then please call Galvin Legal, PLLC at 1-800-405-5117.
Request a Free Consultation with a Securities Attorney
If you suffered losses investing with William Wright and would like a free consultation with a securities attorney, then please call Galvin Legal, PLLC at 1-800-405-5117.
This information is all publicly available and is being provided to you by Galvin Legal, PLLC.
Galvin Legal, PLLC is a national securities arbitration, securities mediation, securities litigation, securities fraud, securities regulation and compliance, and investor protection law practice. For more information on Galvin Legal, PLLC and its representation of investors, please visit www.galvinlegal.com or call 1-800-405-5117.
