Greg Williams Seemingly Breaches Fiduciary Duty

Clients Of Forta, Presidental Brokerage Take Aim At Broker Greg Williams Who Allegedly Breached A Fiduciary Duty

Soreide Law Group is contemplating whether to bring investment-related lawsuits against securities broker Gregory Jon Williams (CRD#: 1561089, Greenwood Village, Colorado). The most alarming thing about Williams – who is in his 10th year as a Forta Financial Group securities broker and financial advisor – is that five investors brought disputes about him. Notably, these investors indicate that Williams sold unsuitable securities and that he breached a fiduciary duty. Here’s a summary of some of the recent disputes about Williams.

Forta Financial Group Client Suggests Greg Williams Sold Unsuitable Investments

Apparently, a client of Forta Financial Group contested Greg Williams’s actions in a March 2020 FINRA Arbitration Claim. First of all, the client indicated that Williams sold unsuitable investments. This includes corporate bonds, mutual funds, unit investment trusts and non-traded BDCs. Secondly, Williams supposedly failed to put the client’s interests first. Instead, he seemingly breached a fiduciary duty and had failed to comply with an investment-related contact. Thirdly, Forta Financial Group allegedly failed to supervise Williams. Apparently, the client experienced losses from 2015 to 2020 because of Williams’s shoddy or negligent sales practices. Therefore, the client asked for $500,000 in compensation. As of September 2020, this claim is ongoing.

Williams Churns Presidential Brokerage Client’s Account Causing Losses

Evidently, a client took aim at Williams and Presidential Brokerage in a March 2019 FINRA Arbitration Claim. Significantly, the Statement of Claim makes reference to Greg Williams churning the client’s account and the securities broker being deceptive. Not only that, but it seems Williams misrepresented information and had concealed facts to get the client to invest.
Moreover, the client suggested that Williams breached a fiduciary duty and that he purchased or sold unreasonable securities. Presidential Brokerage supposedly failed to supervise the securities broker. After reviewing the evidence, in December 2020, a FINRA Arbitration Panel found Williams and Presidential Brokerage liable. For this reason, they demanded that Williams and the securities firm collectively pay $45,818 in compensatory damages to the client.

Presidential Brokerage Client Indicates That Greg Williams Made Unauthorized Transfers

Also, FINRA BrokerCheck shows a June 2018 FINRA Arbitration Claim on Greg Williams’s file. In this lawsuit, the client contended that Williams made an unauthorized transfer. It seems that the client should not have invested in OTC equities, mutual funds, unit investment trusts and non-traded BDCS. In addition to unsuitable trades, Williams had supposedly provided false information to the client or somehow misled the client. Finally, it appears Williams failed to be honest with the client and failed to take the client’s best interests into account. Apparently, this all took place from 2012 to 2018. Consequently, the client demands payment of $1,200,000 to offset purported losses due to Williams.

Did Williams Sell You Inappropriate Investments?

Did you happen to face losses because of investing in unsuitable securities via securities broker Greg Williams? If so, get in touch with Soreide Law Group at (888) 760-6552 where you can speak with experienced lawyers about a possible recovery. Keep in mind that Soreide Law Group represents clients on a contingency fee basis and advances all costs. We have recovered millions of dollars for investors who have suffered losses from the misconduct of financial advisors and securities brokers.