Investors might have sustained losses because of securities broker William Edward Clary [CRD: 2300201, Medford, Oregon], based on publicly available information reported on FINRA BrokerCheck. William Clary has worked with D.A. Davidson & Co. in Medford, Oregon, since September 9, 2009. Keep reading to understand more about the disclosures involving William Clary, including pending allegations concerning financial exploitation.
Notably, on February 12, 2025, a D.A. Davidson & Co. client filed a complaint about William Clary. Mainly, the client alleged that Clary did not prevent financial exploitation by third parties from 2024 to 2025. Because of this alleged violation of duty, the investor supposedly sustained damages. Therefore, the client requested $281,085.40 in compensation from D.A. Davidson & Co. or Clary.
Financial exploitation typically involves the improper or unauthorized use of a person’s assets, property, or financial resources. This can include actions such as theft, misuse of authority (like a power of attorney), or failing to act when suspicious activity arises. In the context of securities brokers, it often refers to situations where a broker fails to intervene or report potentially abusive financial behavior impacting their clients, especially vulnerable investors such as the elderly.
Do you have concerns or questions regarding investments you made with William Clary? Reach out to Soreide Law Group online or at (888) 760-6552 and consult with a securities attorney regarding a potential recovery of your investment losses. Soreide Law Group has helped to recoup losses for investors throughout the country. Also, the firm works on a contingency fee arrangement and advances all costs. Clary and the firms Clary worked for deny accusations of sales practice violations.
Moors & Cabot, Inc. (CRD 594) is a brokerage firm based in Boston, Massachusetts. FINRA censured and fined the firm $125,000 after finding it failed to develop and implement an anti-money laundering compliance program reasonably expected to detect and report suspicious transactions, according to an AWC issued August 24, 2026.
Cowen and Company, LLC (CRD 7616), now part of TD Securities (USA) LLC, is a brokerage firm based in New York, New York. FINRA censured and fined the firm a total of $80,000, of which $40,000 is payable to FINRA, according to an AWC issued August 19, 2026.
Webull Financial LLC (CRD 289063) is a brokerage firm based in New York, New York. FINRA censured and fined the firm $115,000 after finding it maintained inaccurate books and records of options order origin codes, according to an AWC issued August 17, 2026.
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