FINRA Bars William Novack

Soreide Law Group is investigating possible investor claims against William Novack (also known as Bill Novack) (CRD: 1181334, Monticello, Indiana). Evidently, FINRA sanctioned the securities broker, who worked for CFD Investments Inc. and Cambridge Investment Research Inc. Allegedly, Novack failed to testify when FINRA investigated the securities broker for possible FINRA rule violations. Here is a brief summary of FINRA’s allegations against Novack.

FINRA Sanctions Novack For Failure To Testify

Notably, on March 24, 2021, FINRA issued Case: 2019061887702, sanctioning William Novack for infractions. Namely, FINRA alleged that Novack failed to testify when FINRA investigated the securities broker for possible FINRA rule violations. Supposedly, the investigation initially concerned CFD’s termination of a different securities broker who the firm believed had enabled a barred person to do securities business. Novack did not cooperate with the investigation. For this reason, Novack was barred as a securities broker, which means he is not permitted by FINRA to work with any FINRA-member firms as a securities broker or in other capacities.

CFD Investments Inc. Terminates William Novack As Broker

Evidently, on January 25, 2021, CFD Investments Inc. disaffiliated with Novack because of issues relating to the FINRA disciplinary action.

Novack Employment Information

• Novack worked for CFD Investments Inc. in Monticello, IN, as a securities broker from September 2019 to February 2021.
• Novack worked for Cambridge Investment Research Inc. in Monticello, IN, as a securities broker from August 2018 to September 2019.

Did Cambridge Investment Research Inc. Securities Broker William Novack Cause You To Experience Damages?

Incurred damages through investing with William Novack? You should contact Soreide Law Group at (888) 760-6552 and talk with a securities lawyer about a possible recovery of your investment losses. Soreide Law Group, who has successfully recovered money for hundreds of investors across the country, represents investors like you on a contingency fee basis and advances all costs. Novack and brokerage firms Novack worked for deny any and all allegations of sales practice violations.