The White Law Group is investigating possible arbitration claims involving alleged misconduct by William Quigley.
The Securities and Exchange Commission today announced fraud charges against Quigley, who is accused of fleecing investors and stealing money from the brokerage firm where he worked as the director of compliance. As compliance director, it was Quigley’s job to open and route all incoming mail and he also monitored all wires and reported any suspicious transfers.
The SEC’s Enforcement Division alleges that Quigley opened three brokerage accounts to misappropriate investor funds, including a secret account at his then-employer Trident Partners Ltd.
The Enforcement Division charges Quigley with violating antifraud provisions of the federal securities laws, and with causing, and aiding and abetting violations of the antifraud provisions. Quigley also is charged with causing and aiding and abetting violations by Trident of federal securities law provisions that require broker-dealers to report transactions involving, among other things, funds derived from illegal activity.
In a parallel action, the U.S. Attorney’s Office for the Eastern District of New York today announced criminal charges against William Quigley.
The White Law Group is investigating any liability that Trident may have for failure to properly supervise Quigley. Brokerage firms have an obligation to properly supervise their employees and to ensure that those employees are following FINRA and SEC rules. If a brokerage firm fails to appropriately supervise one of its agents, it may be help responsible for any losses in a FINRA arbitration claim.
If you suffered losses investing in Trident Partners Ltd. as a result of William Quigley’s alleged inappropriate conduct and would like a free consultation with a securities attorney, please call The White Law Group at (312)238-9650.
The White Law Group is a national securities arbitration, securities fraud, and investor protection law firm with offices in Chicago, Illinois and Vero Beach, Florida.
For more information on The White Law Group, visit www.whitesecuritieslaw.com.
Description: If you would like a free consultation with a securities attorney, please call The White Law Group at (312)238-9650.