Goodman & Nekvasil P.A., May Recover Investor Losses – Jonathan Spencer Williams (Jonathan Williams) Fired by NYLife Securities LLC and Barred from Securities Industry
From 2006 until Jonathan Williams’ firing in 2015, Jonathan Williams was licensed with NYLife Securities LLC. According to FINRA’s records, Jonathan Williams was fired by NYLife Securities LLC on March 31, 2015. NYLife Securities LLC reported to FINRA that Jonathan Williams was terminated after Jonathan Williams provided the company with bank records that were deemed not genuine based on multiple misspellings and numerous errors. NYLife Securities LLC reports that the bank records were requested after a review of Jonathan Williams’ business practices identified that Jonathan Williams potentially commingled a client’s funds to a bank account directly under Jonathan Williams’ control and benefit in violation of company policy.
Subsequent to Jonathan Williams’ firing by NYLife Securities LLC, FINRA investigated Jonathan Williams and brought a disciplinary action against Jonathan Williams. Jonathan Williams was barred from the securities and investment banking industry by the Financial Industry Regulatory Authority (FINRA) on July 22, 2015. FINRA reports that Jonathan Williams consented to the sanction and to the entry of findings that Jonathan Williams failed to provide on-the-record testimony (OTR) as requested by FINRA, during the course of an investigation into Jonathan Williams’ member firm’s allegations filed with a uniform termination notice for securities industry registration (Form U5).
FINRA reports that 13 complaints involving Jonathan Williams’s conduct with NYLife Securities LLC were field, alleging misappropriation of funds, unsuitable investments, theft, unsuitable sales, and/or other allegations. These complaints all settled, with the largest settling for $1,500,000, $684,128.75, $675,000 $455,637.02, $417,375.39, $295,370.44, $157,295.56, $130,779.37, and $121,784.56.
If you lost any money on investments with Jonathan Williams, you may be able to recover your losses from NYLife Securities LLC. This is because NYLife Securities LLC had a duty to supervise Jonathan Williams.
If you lost money on investments with Jonathan Williams, and believe that the investments may have been unsuitable or otherwise improper for you, we would like to discuss the possibility of your retaining our firm to represent you in an arbitration action against NYLife Securities LLC concerning Jonathan Williams’ conduct. There is no charge for an evaluation of your case. Further, we handle our cases on a contingency fee basis. This means that unless we recover money for you, we charge no attorney’s fee. Unless you recover any money, you pay us nothing, not even the costs and expenses which the firm will advance on your behalf.
Kalju Nekvasil, Esq., formerly regional counsel with the NASD, now known as FINRA, has practiced in this area of the law for more than 35 years. Goodman & Nekvasil, P.A. has recovered more than $300 million on behalf of victimized investors. If you lost money on investments with Jonathan Williams and would like your case evaluated by a securities attorney (again, there is no charge for an evaluation and all cases are handled on a purely contingency fee basis), please contact us.
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