FINRA Bars New York Advisor William G. Brunner
According to The Financial Industry Regulatory Authority (FINRA), the regulator has barred former New York advisor William G. Brunner from the securities industry.
FINRA reportedly requested that Brunner appear for on-the-record testimony, but Brunner declined to appear for testimony.
The request was reportedly sent in connection with an investigation into, among other things, alleged possible excessive trading and use of discretion without written authorization in customer’s accounts while Brunner was associated with Investment Planners, Inc. in Huntington, New York.
According to Brunner’s FINRA BrokerCheck report, Brunner was registered with Investment Planners from February 2015 until May 2017. Prior to that, he worked for First Midwest Securities in Huntington, NY from May 2009 until March 2015. Brunner has 8 disclosure events listed on his broker report including 5 customer complaints. Allegations include churning, unauthorized trades and negligence, among others.
For FINRA’s full findings see FINRA case # NO. 201705655940.
Failure to Supervise
The White Law Group is investigating potential claims involving the liability that his employers may have for failing to properly supervise William G. Brunner.
Brokerage firms have a legal responsibility to adequately supervise the business activities of their employees. If a broker engages in a scheme that misleads clients the brokerage firm that employs them may be liable for negligent supervision.
When brokers make unsuitable investment recommendations or squander client funds, the brokerage firm that employs them may be liable for failure to supervise and responsible for investment losses.
If you were a client of William G. Brunner and suffered losses, The White Law Group may be able to help you by filing a FINRA arbitration claim. For a free consultation with a securities attorney call 888-637-5510.
The White Law Group, LLC is a national securities fraud, securities arbitration, investor protection, and securities regulation/compliance law firm with offices in Chicago, Illinois and Franklin, Tennessee.
For more information on The White Law Group, visit www.whitesecuritieslaw.com.