Am I Able To Sue Raymond James If I Suffered Losses With William McWilliams?

You are. Raymond James can be sued in the Financial Industry Regulatory Authority (FINRA) arbitration forum on a contingency fee basis if you lost money with one of its brokers. William McWilliams, a former broker with Raymond James, recently entered into a Letter of Acceptance, Waiver and Consent (AWC) with FINRA, wherein he was accused of exercising discretionary trading authority without obtaining prior written authorization from his customer and the firm. This allegedly occurred at least 28 times in eight customer accounts. This is against securities rules and regulations, and, on February 27, 2015, Mr. McWilliams was terminated from the firm for violation of firm policies. He was also fined $7,500 and suspended for 10 days from the industry.
William McWilliams was previously registered with Waddell & Reed in Springfield, Massachusetts from September 2007 until February 2013 and Raymond James in Jefferson City, Missouri from January 2013 until March 2015. He is currently registered with Stifel, Nicolaus & Company in Columbia, Missouri and has been since April 2015, according to his FINRA public records. Please call our securities law firm today at 312-332-4200 to find out how to bring a claim against Raymond James if you suffered losses with William McWilliams. We take cases on a contingency fee basis only, so we only are paid if you recover your investment losses. The call is free with no obligation. We can help you sue Raymond James in the arbitration forum. We are based in Chicago, Illinois.