Soreide Law Group has new information to share with you concerning securities broker and financial advisor William Sidney Friedman (CRD#: 2475502, Boca Raton, Florida). Evidently, Friedman worked for securities firms Newbridge Securities Corporation (2007 to 2017), Woodstock Financial Group (2017 to 2019) and Pinnacle Investments (2020). Notably, FINRA suspended Friedman as securities broker on July 26, 2021. In addition, four investors disputed his sales practices. Here’s more.
The suspension is the result of William Freidman failing to respond to a FINRA request for information. Refusing to cooperate with a FINRA investigation generally results in a suspension or bar of the securities broker. As of this date, it does not appear that Friedman requested a termination of his suspension or otherwise complied with FINRA’s requests. If he does not do so, then FINRA intends to automatically bar him on October 5, 2021.
In a dispute dated March 26, 2021, a client accused William Friedman of sales practice violations. Specifically, the client made allegations of unsuitable recommendations, misrepresentations, negligence, breach of fiduciary duty, and unauthorized trading. Supposedly, the client sustained losses on stock trades, and now pursues $700,000 in compensation. This matter is ongoing.
In February 2021, a different client took issue with William Friedman’s sales practices. In this FINRA Arbitration Claim, the Pinnacle Investments client alleges misrepresentation, elder abuse, unsuitable trading, excessive trading, breach of contract, breach of fiduciary duty, and violation of securities laws. Evidently, Pinnacle Investments opted to settle this matter through paying the client $24,900.
Moreover, a client dispute dating back to 2016 contains allegations of William Friedman recommending an unsuitable trading strategy. Supposedly, Friedman controlled the client’s account, and invested in mutual funds, stocks, and over-the-counter equities. Also, the client alleged that Friedman breached a fiduciary duty. For this reason, Newbridge Securities Corporation opted to pay the client $10,000 to settle this matter.
Did you suffer losses because of securities broker William Friedman? If so, call Soreide Law Group at (888) 760-6552 and speak with a helpful securities lawyer about a potential recovery of your losses. Soreide Law Group represents clients on a contingency fee basis and advances all costs. The firm has recovered substantial compensation for hundreds of United States investors who have incurred losses because of their financial advisors and securities brokers. Please note that Friedman denies all allegations of his sales practice violations.
Steven Graham (CRD 1977736) denies the allegations in a pending customer claim filed on August 11, 2026. The disclosure names Western International Securities as the firm, and the claim involves corporate bonds. No arbitrator has ruled on it. His BrokerCheck report also lists a settled bond dispute and a federal court matter from earlier years.
A claim filed on September 11, 2024 names Thomas Hamlin (CRD 2208505) over a 10% Senior Unsecured Note in iCap Fund III. Every disclosure on his BrokerCheck report involves an iCap private placement and names Somerset Securities as the firm. Each one settled, and a settlement is not an admission of wrongdoing.
Peter Po's most recent settlement came on June 28, 2026, when a corporate bond claim settled for $40,000. Po (CRD 3106974) appears in several settled customer disputes over corporate and high-yield bonds. The disclosures name NI Advisors or California Securities as the firm, and each matter ended in a settlement, not a finding.
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