Soreide Law Group is investigating possible investor claims against securities broker William Forrest Winchester III (also known as Bill Woods) (CRD: 4404327, Chattanooga, Tennessee). Notably, FINRA sanctioned the securities broker, who worked for Raymond James Financial Services Inc. Allegedly, Winchester borrowed client funds and engaged in an undisclosed outside business activity. Here is a brief summary of FINRA’s allegations against Winchester.
Notably, FINRA issued Acceptance, Waiver, and Consent No. 2020065993801 on April 6, 2023, sanctioning William Winchester for infractions. Allegedly, Winchester borrowed client funds and engaged in an undisclosed outside business activity. Therefore, Winchester was barred as a securities broker.
Also, a Raymond James Financial Services Inc. client filed FINRA Arbitration: 2021-086484 about William Winchester. Namely, the client alleged that Winchester made misrepresentations concerning the way in which a trust was established. Because of this, the client allegedly sustained damages. Therefore, on December 7, 2022, Raymond James Financial Services Inc. settled this matter by paying the client $62,500 in damages.
Particularly, a client of Raymond James Financial Services Inc. contested William Winchester’s sales practices by filing FINRA Arbitration: 21-02846. Allegedly, Winchester made omissions regarding funds deposited in an account, and he borrowed client funds. It appears that Winchester caused the client to sustain damages. Therefore, Raymond James Financial Services Inc. opted to settle the matter on November 8, 2022, by compensating the client in the amount of $160,000.
Supposedly, on June 11, 2020, Tennessee Securities Division issued TSD No. 20-034 sanctioning William Winchester for infractions. Specifically, Winchester was fined $45,000 by Tennessee Securities Division and ordered to be placed on heightened supervision. Evidently, Tennessee Securities Division alleged that Winchester borrowed client funds.
Winchester acted dishonestly and unethically by not informing his firm about three loans he obtained from three different clients, both at the time of borrowing and through annual compliance questionnaires.
Evidently, Raymond James Financial Services Inc. disaffiliated with Winchester on February 20, 2020. Allegedly, Winchester failed to disclose loans and promissory notes with clients.
Investors potentially experienced sales practice violations by securities broker James Ward Margraf (also known as Jim Margraf) [CRD: 6517554, Springfield, Missouri], according to disclosures on Financial Industry Regulatory Authority (FINRA) BrokerCheck. James Margraf worked for Center Street Securities Inc. from August 22, 2016, to December 1, 2023. See the following information to discover more about […]
Investors might have suffered losses due to securities broker Michael Joseph Kelley [CRD: 1021878, Winter Park, Florida], according to publicly available information found on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Kelley worked for LPL Financial LLC from September 8, 2009, to the present and Charter Advisory Corporation from September 30, 1999, to the present. See […]
Investors potentially incurred losses because of securities broker Eric Lee Diamond (also known as Rick Diamond) [CRD: 1602991, Wellington, Florida], based on public information on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Eric Diamond worked for Fidelity Brokerage Services LLC from January 10, 2007, to the present, and Strategic Advisers LLC from March 31, 2025, to […]
Phone:
Fax: 1-954-760-6553
Email: info@securitieslawyer.com