Soreide Law Group obtained the following information from FINRA’s December 2021 Disciplinary Report.

William A Fochi Jr (BILL FOCHI JR, WILLIAM A FOCHI) (CRD #1773450, Hebron, Connecticut)


On October 6, 2021, an Acceptance, Waiver and Consent (AWC) was issued in which William A Fochi Jr was fined $10,000 and suspended from association with any FINRA member in all capacities for four months.

Without admitting or denying FINRA’s findings, William A Fochi Jr consented to the sanctions and to the entry of findings that he allegedly engaged in an outside business activity (OBA) without disclosing or providing prior written notice to his member firm.

FINRA’s findings stated that this matter originated from a Form U5 filed by the firm that stated William A Fochi Jr had been permitted to resign following the firm’s discovery that he allegedly violated its policy by soliciting and facilitating sales of a product not approved by the firm.

Allegedly, William A Fochi Jr sold equity indexed annuities (EIAs) valued at approximately $3.9 million despite the firm explicitly prohibiting him from soliciting or selling EIAs.

Fochi’s alleged activities were not detected by the firm because his wife, who was an independent insurance agent, was listed as the selling agent even though certain customers allegedly worked only with Fochi in purchasing their EIAs.

According to FINRA, William A Fochi Jr received approximately $3,000 personally in commissions and shared in the $350,000 to $400,000 in commissions earned in his wife’s name for EIA sales he made.

FINRA’s findings also stated that Fochi allegedly made inaccurate statements to the firm regarding his participation in OBAs and sales of EIAs on multiple annual firm compliance questionnaires.

The suspension is in effect from November 1, 2021, through February 28, 2022. (FINRA Case #2020066000901)

According to FINRA’s BrokerCheck, William A Fochi Jr has been in the securities industry for 33 years and was listed with 3 firms.  He has 3 disclosures on his FINRA CRD report.

On February 17, 2020, there is an “Employment Separation After Allegations,” from Northwestern Mutual Investment Services, LLC, with allegations of, “The representative was permitted to resign following the Firm’s discovery that he violated Firm policy by soliciting and facilitating sales of a product not approved by the Firm.”

William A Fochi Jr is currently registered both as a financial advisor and a broker with the following firm since 4/21/2020:

CANTELLA & CO., INC.

41-B New London Turnpike, Suite 301

Glastonbury, CT 06033

Fochi was previously listed with:

01/20/2006 – 03/13/2020  NORTHWESTERN MUTUAL INVESTMENT SERVICES LLC – GLASTONBURY, CT

If you’ve experienced financial losses due to the recommendations or actions of William A Fochi Jr, currently with CANTELLA & CO, and formerly with NORTHWESTERN MUTUAL INVESTMENT SERVICES LLC both of Glastonbury, Connecticut, contact Soreide Law Group and speak to an experienced securities lawyer at no cost regarding the possible recovery of your investment losses through a FINRA arbitration at:  888-760-6552.

Soreide Law Group works on a contingency fee basis, no fee to you if no recovery, and represents our clients nationwide before FINRA.

CONTACT US