DID WILLIAM GEORGE CUMMINGS CAUSE YOU INVESTMENT LOSSES?
About William Cummings of Osaic Wealth, Inc.?
William Cummings (CRD #2034474) is a well-experienced broker currently employed by Osaic Wealth, Inc. in St. Petersburg, Florida, since November 2018. Throughout his career, Cummings has been registered with multiple firms including Signator Investors, Inc. and Transamerica Financial Advisors, Inc., reflecting a robust track record in the financial services industry. He holds registrations in 36 U.S. states and territories, underscoring his extensive reach and recognition in the sector. Cummings has successfully passed two principal/supervisory exams, three general industry/product exams, and one multi-state securities law exam, illustrating a strong foundation in securities regulations and practices.
Investment Losses? Let’s talk.or, give us a ring at (800) 732-2889.
William Cummings Customer Complaints and Reviews
William G. Cummings’s BrokerCheck report lists one customer dispute:
- Customer Dispute (Closed-No Action/Withdrawn/Dismissed/Denied): In 2015, while affiliated with Royal Alliance Associates, Inc., Cummings faced allegations of misrepresentation in the sale of a non-traded Business Development Company (BDC). The customer claimed damages of approximately $30,000. The complaint, received on June 29, 2020, was denied on August 8, 2020, with the firm finding the allegations without merit.
Allegations Against William Cummings
- Misrepresentation Allegation: The specific complaint against William G. Cummings involved alleged misrepresentation in the sale of a non-traded Business Development Company in 2015. The customer claimed financial losses of $30,000 due to this advice. The firm reviewed the case and denied the allegations, stating that the customer’s claims were without merit, and the complaint was officially closed with no action taken.
William Cummings Red Flags & Your Rights As An Investor
Of course, William Cummings did not admit to any of the allegations. But regardless of whether an arbitration award was entered, a settlement occurred, or the customer complaint is still pending, the allegations made by customers are red flags which should put all current and former customers of William Cummings at Osaic Wealth, Inc. on alert to review carefully the activity and performance of their accounts and question whether William Cummings has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at Osaic Wealth, Inc. also raises questions about the brokerage firm’s supervisory practices. If these red flags raise questions, call us and we will inform you of your rights as an investor.
Did You Lose Money Because of Broker Misconduct?
If you have lost money due to negligence or fraud by a stockbroker or advisor, the easiest way to know if you have a case is to call our office at 800-732-2889. Our investment fraud attorneys will evaluate your claim for free and let you know if we can help you recover your losses.
Need Legal Help? Let’s talk.or, give us a ring at 561-338-0037.
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If you have questions about Osaic Wealth, Inc. and/or William Cummings and the management or performance of your accounts, please contact Attorney Pearce for a free initial consultation via email or Toll Free at 1-800-732-2889.
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