Thomas Yancey Williams (CRD#: 1372002) is an actively registered securities broker. Since June of 2018, Mr. Williams has been employed at IFS Securities in Atlanta, Georgia. Previously, this broker was also associated with International Assets Advisors, LLC and First Allied Securities.
On October 22nd, 2018, an investor filed a complaint against Thomas Y. Williams alleging losses related to unsuitable investment recommendations, unsuitable investment strategies, and excessive trading (churning).
Customer Complaint: IFS Securities Broker Thomas Williams
Under FINRA Rule 2111, registered representatives must have a reasonable basis to execute trades and make investment recommendations. All investment advice should be suitable for the risk profile and long-term objectives of each individual customer. In the complaint filed against Mr. Williams, the investor is seeking $50,000 in financial compensation. Currently, FINRA lists this case as ‘pending’.
Notably, in 2010, Thomas Williams was permitted to resign from First Allied Securities after another investor filed a FINRA arbitration claim seeking financial compensation for losses related to unsuitable investment recommendations. Mr. Williams stated that he denied the allegations, but that he agreed to resign from First Allied Securities after the brokerage firm made the decision to settle the dispute brought by the investor. That claim was eventually settled for $125,000.
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At Sonn Law Group, we have the skills and experience to handle unsuitable investment claims. If you lost money due to unsuitable investment recommendations, please contact our law firm today for a free, no obligation case evaluation.
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