Soreide Law Group is investigating claims from investors who have suffered losses due to the recommendations of Connecticut broker/investment advisor currently with CENTER STREET SECURITIES of Stratford, Connecticut:
ROY ALVIN WILLIAMS SR (CRD#: 1069297)
According to FINRA’s BrokerCheck, which is available to the public on FINRA’s website, ROY ALVIN WILLIAMS SR, has 8 Disclosures on his FINRA CRD report. Of the 8 Disclosures, 7 are “Customer Disputes.” The significance of William’s FINRA Customer Complaints is underscored in FINRA NOTICE to MEMBERS 03-49. FINRA conducted a review of the CRD’s of all registered representatives, only .41% had been the subject of 3 or more customer complaints. In other words William’s customer complaints rank him in the top one-hundredth percent of all registered representatives for customer complaints.
In November of 2017, a Customer Dispute against Williams settled for $25,000 following allegations of, “2014–SEC began investigation into UDF REITS. Purchased by client in 2013.”
In May of 2011, another settled Customer Dispute against ROY ALVIN WILLIAMS SR while employed at EDI Financial, of Stratford, Connecticut, alleged “Client alleges illiquid and unsuitability.” The complaint settled for $47,500.
In March of 2016, FINA sanctioned Williams following allegations that he “caused his member firm to fail to maintain books and records when he utilized an outside email address to send securities-related email without informing his firm.” FINRA’s findings also alleged that, “as a result, several securities-related emails were not captured or retained by Williams’ firm. The findings also stated that Williams sent an email related to a customer’s investment from an outside email address to his firm’s supervisor and wrote, ‘I am writing on this email so as not to be FINRA reviewed.’ Thereby, Williams sent this email with the stated intention of avoiding FINRA oversight. Later review of Williams’ outside email accounts uncovered that he utilized this same outside email address to send the said securities-related emails and that this outside email address was not disclosed to the firm.” ROY ALVIN WILLIAMS SR was issued a 15-day suspension and a fined $5,000.
According to BrokerCheck, ROY ALVIN WILLIAMS SR, has been in the securities industry for 36 years and has been listed with 12 firms. He is currently registered with the following firm since 10/27/2016 as a broker, and since 3/6/2017 as an investment advisor:
CENTER STREET SECURITIES, INC.
3200 MAIN STREET
STRATFORD, CT 06614
He was listed with the following firm until 2016:
EDI INVESTMENT ADVISOR CORPORATION – Stratford, CT
If you have suffered investment losses due to the actions or recommendations of broker/investment advisor, ROY ALVIN WILLIAMS SR., you may be able to recover your losses through a FINRA arbitration. Call Soreide Law Group and speak to an experienced securities lawyer at no cost to you at: 888-760-6552.
Soreide Law Group works on a contingency fee basis and we represent our clients nationwide before FINRA.