FINRA Bars William Friedman

Soreide Law Group is investigating possible investor claims against securities broker William Sideny Friedman AKA Bill Friedman and Willie Friedman [CRD#: 2475502, Boca Raton, Florida]. Evidently, FINRA sanctioned the securities broker, who worked for Newbridge Securities Corp., Woodstock Financial Group, and Pinnacle Investments. Notably, FINRA's accusations against the securities broker include failure to respond to FINRA requests. Also, investors filed disputes about him. Here's more about this securities broker’s disclosures as reported on BrokerCheck.

Securities Broker William Friedman Barred by FINRA

Evidently, FINRA disclosed Case #: 2021070752201 on October 5, 2021, sanctioning William Friedman. Supposedly, Friedman did not respond to FINRA's request for information. Therefore, as of October 5, 2021, Friedman is no longer allowed to associate with FINRA-member broker dealers.

Pinnacle Investments Client Accuses Friedman Of Excessive Trading

Particularly, on February 3, 2021, a Pinnacle Investments client filed FINRA Arbitration#: 21-00298 about William Friedman. Specifically, the client alleged breach of contract, breach of fiduciary duty, negligence, unauthorized trading, excessive trading, and elder abuse. Because of this, the client allegedly sustained damages. Therefore, on July 30, 2021, a FINRA Arbitration Panel issued an Award ordering Friedman to pay the client $250,000 in compensatory damages.

William Friedman Allegedly Makes Unsuitable Recommendations To Client

Also, a client of Pinnacle Investments, Newbridge Securities Corp., and Woodstock Financial Group contested William Friedman's sales practices by filing FINRA Arbitration #: 21-00808 on March 26, 2021. Notably, accusations against the securities broker include unauthorized trading, negligence, unsuitable recommendations, breach of fiduciary duty, and misrepresentations. Allegedly, the stocks that Friedman sold or recommended resulted in damages. Therefore, Pinnacle Investments, Newbridge Securities Corp., or Woodstock Financial Group opted to settle the matter on February 4, 2022, by compensating the client in the amount of $50,000. Still, the broker denies the allegations against him.

Newbridge Securities Corporation Client Accuses Friedman Of Breach Of Fiduciary Duty

Evidently, a client of Newbridge Securities Corporation contested William Friedman's sales practices by filing FINRA Arbitration #: 15-02209 on November 20, 2015. Notably, accusations against the securities broker include breach of fiduciary duty and discretionary trading. Allegedly, Friedman caused the client to sustain damages. Therefore, Newbridge Securities Corporation opted to settle the matter on February 8, 2016, by compensating the client in the amount of $10,000.

Did Pinnacle Investments Securities Broker William Friedman Cause You To Experience Damages?

Have you experienced damages by investing with William Friedman? If so, contact Soreide Law Group at (888) 760-6552 and speak with a securities lawyer about a possible recovery of your investment losses. Soreide Law Group, who has successfully recovered money for hundreds of investors in all 50 states, represents clients on a contingency fee basis and advances all costs. Please keep in mind that Friedman and the brokerage firms Friedman has associated with deny any and all allegations of sales practice violations.