Former Next Financial Group broker in Frisco, Texas, Tye C. Williams, was barred from the industry by the Financial Industry Regulatory Authority. Williams was also suspended by the Certified Financial Planner Board of Standards. Allegedly, from 2004 until 2014, Williams converted over $1 million from a customer’s account, made unsuitable investment recommendations, engaged in unauthorized transactions and mismanaged assets. All of these things are against securities laws and FINRA regulations. The CFP Board issues an interim suspension without a hearing when there is evidence of a conviction or professional discipline. Williams’ right to use the CFP certification mark is suspended pending an investigation and possible further disciplinary proceedings by the CFP Board. The customer complaint alleges that during the period from 2004 until 2015, Williams’ “mismanaged finances by exceeding the scope of his authority and unsuitable investments in ventures like ‘Smashburger.’”
Tye Calvin 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, both of which are currently pending. He has been permanently barred from the industry.
If you were a victim of Tye Williams, please call our securities law firm today at 312-332-4200 to find out how you may be able to bring a claim against Next Financial Group for investment losses. The firm may be liable for them. The call is free with no obligation, so please do not delay. Attorneys are standing by.
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