Bill Conn Facing Raymond James Investor Dispute

Raymond James Client's Suitability Dispute Reportedly Involves Broker Bill Conn

Financial Industry Regulatory Authority (FINRA) provides new information in regard to securities broker William Joseph Conn (“Bill Conn”) (CRD#: 1477107, San Francisco, California). Specifically, three investors filed disputes about the securities broker, who worked for Salomon Smith Barney and Raymond James. Here’s more on the allegations against the securities broker.

Raymond James Client Alleges Unsuitable Recommendations By Bill Conn

Evidently, Bill Conn is a securities broker and financial advisor for Raymond James Associates (May 2018 to present). It appears that a client of Raymond James disputed Conn’s sales practices. Specifically, the client alleged that the Raymond James financial advisor mismanaged their accounts. In addition, the client alleged unsuitable investments from May 2018 to August 2020. Supposedly, the client sustained damages by stock trading, options trading, and the use of margin. For this reason, the client asks for $2,000,000 in damages. Currently, this matter is ongoing.

Salomon Smith Barney Client Alleges Breach Of Fiduciary Duty, Breach Of Contract

Evidently, a client of Salomon Smith Barney complained about Bill Conn’s equity trading. First of all, the client alleged breach of fiduciary duty by Salomon Smith Barney concerning the equities transactions. Supposedly, Conn engaged in unauthorized trading. Also, the client raises accusations of breach of contract, misrepresentation, and negligence. Evidently, Salomon Smith Barney settled this matter by paying the client $40,000.

Salomon Smith Barney Client Alleges Unauthorized Trading By Bill Conn

In the third dispute reported on Bill Conn’s BrokerCheck record, a client of Salomon Smith Barney complained about mutual fund trading. Namely, the client alleges that Conn engaged in unauthorized trading of mutual funds, including LPs and other equities. However, Salomon Smith Barney denies this dispute.

Losses By Investing Through Conn?

Securities broker Bill Conn denies allegations of sales practice violations. Have you experienced investment losses by interacting with this broker? If so, reach out to Soreide Law Group at (888) 760-6552 and speak with experienced counsel concerning a possible recovery of your investment losses. Soreide Law Group represents clients on a contingency fee basis and advances all costs. The law firm has recovered compensation for many US clients who have experienced losses from their securities brokers and financial advisors.