William Lee Hutchinson (Bill Hutchinson) Formerly Licensed with J.P. Turner & Company L.L.C., Barred from Securities Industry – Goodman & Nekvasil P.A, May Recover Your Investment Losses
Bill Hutchinson was licensed with J.P. Turner & Company L.L.C. from 2011 to 2014. Bill Hutchinson was subsequently licensed with IFS Securities. Bill Hutchinson was barred from the securities and investment banking industry by the Financial Industry Regulatory Authority (FINRA) on April 11, 2016. According to FINRA, Bill Hutchinson failed to respond to FINRA request for information.
FINRA reports that 3 complaints and/or arbitration claims have been filed involving Bill Hutchinson’s conduct with J.P. Turner & Company L.L.C. and/or First Midwest Securities, Inc., alleging violation of the Securities Exchange Act of 1934, churning, sale of unsuitable securities, violation of PA Unfair Trade Practices and Consumer Protection Law, breach of fiduciary duty, excessive commissions, misrepresentations, and/or common law fraud. These complaints and/or arbitration claims all settled, with the largest settling for $82,500. Bill Hutchinson contributed $50,000 to this settlement.
FINRA reports that an arbitration claim involving Bill Hutchinson’s conduct with a prior employer is currently pending. This pending claim alleging fraud churning, unsuitable securities, violation of Securities Act of 1934, violation of PA unfair trade practices and consumer protection law, common law fraud and breach of fiduciary duty seeks $350,000 in damages.
If you lost any money on investments with Bill Hutchinson, you may be able to recover your losses from J.P. Turner & Company L.L.C. and/or IFS Securities. This is because J.P. Turner & Company L.L.C. and IFS Securities had a duty to supervise Bill Hutchinson.
If you lost money on investments with Bill Hutchinson 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 J.P. Turner & Company L.L.C. and/or IFS Securities concerning Bill Hutchinson’s 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 Bill Hutchinson 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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