DID WILLIAM WRIGHT JR CAUSE YOU INVESTMENT LOSSES?
William Wright, Jr. Formerly With National Securities Corporation?
William Wright, Jr. (CRD #3048195) has an extensive history in the securities industry but is not currently registered as a broker. His career includes positions at several firms, including National Securities Corporation (February 2015 – November 2020), Woodstock Financial Group, Inc. (March 2013 – March 2015), and earlier stints at firms like Rockwell Global Capital LLC and Chase Investment Services Corp. Wright has passed three general industry/product exams and one multi-state securities law exam, illustrating his proficiency and compliance with industry standards. His broad experience across various firms and roles in the industry underscores a significant, albeit tumultuous, career span.
Investment Losses? Let’s talk.or, give us a ring at (800) 732-2889.
William Wright, Jr. Customer Complaints and Reviews
William Wright Jr. has multiple disclosure events:
- Regulatory Event: Wright faced a regulatory event where, without admitting or denying the findings, he consented to sanctions and findings by FINRA that he refused to provide information requested by FINRA related to his termination for borrowing money from a customer, resulting in a permanent bar from the industry as of August 19, 2021.
- Customer Dispute: There is a pending customer dispute where the client alleges failure to follow instructions involving equity listed, with alleged damages amounting to $65,000. This complaint was received on October 19, 2020, and is still pending resolution.
- Termination: Wright was discharged from National Securities Corp in November 2020 due to borrowing money from a customer, which also led to the regulatory action mentioned above.
- Financial: Wright filed for Chapter 13 bankruptcy in May 2018, which was dismissed in July 2018.
Allegations Against William Wright, Jr.
- Regulatory Violations: Wright’s refusal to cooperate with FINRA’s investigation into his professional conduct following allegations of borrowing money from a customer resulted in a permanent bar from acting as a broker.
- Failure to Follow Instructions: The ongoing customer dispute accuses Wright of not adhering to specific instructions related to stock transactions, which allegedly led to significant financial losses for the client.
- Borrowing from a Customer: This serious allegation directly contributed to Wright’s termination from his firm and the subsequent regulatory action.
- Bankruptcy: The bankruptcy filing indicates potential financial instability, though it was dismissed shortly after the filing. This adds to the context of his overall professional and personal financial management.
William Wright, Jr. Red Flags & Your Rights As An Investor
Of course, William Wright, Jr. 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 Wright, Jr. at National Securities Corporation on alert to review carefully the activity and performance of their accounts and question whether William Wright, Jr. has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at National Securities Corporation 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.
File A Claim To Recover Your Investment Losses At National Securities Corporation Due To William Wright, Jr.
If you have questions about National Securities Corporation and/or William Wright, Jr. 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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