William Kershaw Barred by FINRA

William Kershaw was permanently barred by FINRA from acting as a broker or otherwise associating with a broker/dealer firm with a start date of 5/15/2026.  William Kershaw was registered as a broker with NYLIFE SECURITIES LLC of Charlotte, North Carolina from 12/16/2024 - 07/17/2025.

According to FINRA’s BrokerCheck, available to the public on FINRA’s website, William Kershaw was registered in the securities industry for less than one year and had been registered with one firm.  He has 2 disclosures on his FINRA CRD report.  One disclosure is the “Regulatory” disclosure dated 2/12/2026 barring him from the industry permanently.  The allegations were, “Respondent Kershaw failed to respond to FINRA requests for information.” The “Regulator Statement” was, “Pursuant to FINRA Rule 9552(h) and in accordance with FINRA's Notice of Suspension and Suspension from Association letters dated February 12, 2026 and March 10, 2026, respectively, on May 15, 2026, Kershaw is barred from association with any FINRA member in all capacities. Kershaw failed to request termination of his suspension within three months of the date of the Notice of Suspension; therefore, he is automatically barred from association with any FINRA member in all capacities.”

The other disclosure listed on William Kershaw’s FINRA CRD report dated 7/10/2025, is an “Employment Separation after Allegations.” Kershaw was discharged from NYLIFE SECURITIES LLC.  The allegations were, “William Kershaw was terminated after he failed to respond to the Company's request for a detailed explanation and any supporting documentation related to undisclosed Outside Business Activity found in a State of North Carolina Department of Insurance examination.”

FINRA Rule 3270, Outside Business Activities (OBA) of Registered Persons, states that no registered person may be an employee, independent contractor, sole proprietor, officer, director or partner of another person, or be compensated, or have the reasonable expectation of compensation, from any other person as a result of any business activity outside the scope of the relationship with his or her member firm, unless he or she has provided prior written notice to the member, in such form as specified by the member.

According to FINRA’s Rule 9552, Failure to Provide Information or Keep Information Current, FINRA states that if a member, person associated with a member or person subject to FINRA's jurisdiction fails to provide any information, report, material, data, or testimony requested or required to be filed pursuant to the FINRA By-Laws or FINRA rules, or fails to keep its membership application or supporting documents current, FINRA staff may provide written notice to such member or person specifying the nature of the failure and stating that the failure to take corrective action within 21 days after service of the notice will result in suspension of membership or of association of the person with any member. According to FINRA, a member or person who is suspended under this Rule and fails to request termination of the suspension within three months of issuance of the original notice of suspension will automatically be expelled or barred.

To discuss this article regarding William Kershaw or any other securities issues contact Soreide Law Group and speak to an experienced securities lawyer at no cost:  888-760-6552.

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