Stoltmann Law Offices continues to investigate Tye C. Williams, a former broker with Next Financial Group in Frisco, Texas. Williams consented to a sanction with the Financial Industry Regulatory Authority (FINRA) and entered into a Letter of Acceptance, Waiver and Consent (AWC). Williams was accused of converting more than $1,000,000 from customer’s accounts, made unsuitable investment recommendations and engaged in unauthorized transactions and mismanaged assets. He also failed to produce documents and information after FINRA repeatedly requested him to do so regarding a customer complaint. These are all against securities rules and regulations.
According to his online FINRA BrokerCheck report, Williams was registered with Advantage Capital Corp in Atlanta, Georgia, from April 1986 until January 1993, Washington Square Securities in Des Moines, Iowa from January 1993 until December 1997, Mutual Service Corp in Houston, Texas from August 1996 until June 2006, First Heartland Capital in Houston from June 2006 until November 2008 and Next Financial Group in Frisco, Texas from November 2008 until August 2016. He has two customer disputes against him which are currently pending and has been permanently barred from the industry.
Please call our Chicago-based securities law firm today at 312-332-4200 if you suffered losses with Tye C. Williams. His former firm, Next Financial, may be responsible for losses and can be sued in the FINRA arbitration forum on a contingency fee basis. The call is free with no obligation.