Cory Don Williams (CRD #2957248, Monkton, Maryland) recently submitted an AWC in which he was barred from association with any FINRA member in any capacity.
Without admitting or denying the findings, Williams consented to the sanction and to the entry of findings that he participated in at least 125 private securities transactions with another registered representative without providing written notice of the transactions to his member firm or receiving the firm’s approval. The findings stated that approximately $13.5 million of the transactions were by firm customers. Williams’ participation in the transactions included responding to customer requests related to investments in a company, authorizing wire transfers of funds from customer accounts at the firm to the company, and manually adding customers’ outside company holdings to consolidated statements that were sent to the customers. The company paid Williams approximately 3 percent of the assets he and the former registered representative sold to customers, half of which Williams remitted to the former registered representative, with proceeds to Williams totaling approximately $94,000. In early 2012, the company stopped paying dividends and its shares are currently worthless. The findings also stated that Williams willfully failed to disclose unsatisfied tax liens on his Form U4. In addition, Williams submitted annual compliance questionnaires to the firm that contained false answers regarding his knowledge of the liens.
For FINRA’s full findings, see Case #2012032782403.
According to Williams’ FINRA Broker, he was registered with Signator Investors from 1998-2013.
The foregoing information, which is all publicly available on FINRA’s website, is being provided by The White Law Group. The WHite Law Group is a national securities fraud, securities arbitration, and investor protection law firm with offices in Chicago, Illinois and Vero Beach, Florida.
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