Investigation Into Raymond James’ Bill Conn

Soreide Law Group is currently investigating potential claims on behalf of investors who may have experienced financial losses due to the actions of securities broker William Joseph Conn (also known as Bill Conn) (CRD: 1477107, San Francisco, California). Notably, he has worked for International Assets Advisory, LLC since September 13, 2022. He has also been with International Assets Investment Management, LLC since September 9, 2022. Additionally, Conn was previously employed by Raymond James & Associates, Inc. in San Francisco, California, from May 3, 2018, until his separation on August 5, 2022. Specifically, allegations of churning and violation of firm policies have been leveled against him, particularly during his tenure at Raymond James & Associates.

Raymond James & Associates Investor Accused Conn Of Potential Churning

Notably, on July 26, 2023, two clients at Raymond James & Associates lodged complaints against Bill Conn. Specifically, these clients alleged that Conn placed them in aggressive and inappropriate investments. Moreover, one client additionally suspected that their account was invested in speculative positions. The client indicated potential evidence of churning. As a result, both clients claim to have sustained damages. These complaints remain pending as of the latest update.

Raymond James & Associates Investor Accused Bill Conn Of Recommending Unsuitable Investments

Also, a Raymond James & Associates client filed a written complaint about Bill Conn on November 3, 2022. The client specifically alleged that Conn recommended unsuitable investments, leading the client to claim damages. Therefore, as of May 11, 2023, Raymond James & Associates settled the matter by compensating the client with a sum of $1,500,000.

Conn Disclosed Unsuitability, Excessive Commissions Allegations By Raymond James & Associates Client

Evidently, a Raymond James & Associates client contested Bill Conn's sales practices by filing FINRA Arbitration: Case 22-02547 on November 8, 2022. The client particularly alleged that Conn recommended an unsuitable investment strategy, didn't disclose the risks of writing covered call options, charged excessive commissions, and executed unauthorized transactions. Therefore, on March 3, 2023, Raymond James & Associates opted to settle the matter, compensating the client in the amount of $613,000.18.

Bill Conn Discharged For Violating Firm Policies And Unreported OBA

Also, Raymond James & Associates, Inc. severed its relationship with Conn on July 7, 2022. Specifically, Conn was accused of not adhering to firm policies concerning the exercise of discretion and payments to a client. Additionally, he was implicated in a potential unreported outside business activity (OBA) concerning options.

Raymond James & Associates, Inc. Investor Accused Conn Of Mismanagement And Unsuitable Investments

Also, a client of Raymond James & Associates, Inc. filed FINRA Arbitration: 20-03351 about Bill Conn. Namely, the client alleged that Conn mismanaged accounts. Also, the client alleged unsuitable equities and options. The allegations concern activity dates ranging from May 8, 2018, to August 31, 2020. Consequently, the client claimed damages amounting to $2,000,000. As a result, the case was settled on March 1, 2022, with Raymond James & Associates, Inc. agreeing to pay the client $525,000 in damages.

Talk With A Securities Lawyer If You Experienced Losses From William Conn

Suffer losses because of Bill Conn? If so, get in touch with Soreide Law Group online or at (888) 760-6552 and talk with a securities attorney concerning a potential recovery. Soreide Law Group has recovered money for investors throughout the United States. The firm works on a contingency fee basis and advances all costs. Bill Conn and brokerage firms he worked for deny accusations of sales practice violations. Visit our website online to learn more and take action.