Advisor Alert: Our Attorneys Are Investigating Scott Douglas Williams For Investment Fraud
Did You Lose Money Because of Scott Williams?
Filed: November 15, 2023
Scott Williams has been the subject of one (1) regulatory event, one (1) termination event, one (1) financial event, and three (3) customer complaints. As an investor, you may be entitled to compensation for losses accrued due to mismanagement of your investments.
Let’s begin our Patil Law Advisor Alert with a summary report on Scott Douglas Williams.
Who Is Scott Douglas Williams?
- Advisor Name: Scott Douglas Williams
- Aliases: Scott Williams
- CRD: 2330693
- Location: Franklin, Tennessee
- Current Employer: Currently Not Registered
- Previous Firms: LPL Financial LLC, Raymond James Financial Services, Inc., and J.J.B Hilliard, W.L. Lyons, LLC
- Number of Known Customer Complaints: 3
- Number of Known Regulatory Events: 1
- Number of Known Termination Events: 1
- Number of Known Financial Events: 1
- Can Scott Williams Be Sued: Yes, in Private Arbitration
- Can Scott Williams’s Employers Be Sued For Failing to Supervise Actions: Yes, in Private Arbitration
- Highest Damages Allegation: $112,010.94
- Highest Settlement: $125,000
If you have suffered investment losses by Scott Williams, we strongly encourage you to exercise your rights to experienced legal representation. Recover what is owed to you by retaining an investment fraud lawyer. Reach out to the legal team at Patil Law, P.C. via the secure online form or call the firm directly toll-free at 1-800-950-6553.
Customer Complaints Filed Against Scott Williams For Broker Misconduct
As of this publication date, Scott Williams has been the subject of 1 regulatory event, 1 termination event, 1 financial event, and 3 customer disputes. Let’s review them below.
In September 2022, Scott Williams filed for bankruptcy.
In May 2022, FINRA initiated a regulatory action against or in reference to Scott Williams for failing to comply with an arbitration award or settlement agreement or to satisfactorily respond to a FINRA request to provide information concerning the status of compliance.
In June 2020, a FINRA arbitration was filed against or in reference to Scott Williams by multiple customers of Raymond James Financial Services, Inc. alleging that Mr. Williams recommended unsuitable and concentrated positions. On February 11, 2021, Mr. Williams settled the claim for $125,000, and some or all of this amount may have been paid by Mr. Williams’s employer and/or insurance carrier.
In February 2019, a FINRA arbitration was filed against or in reference to Scott Williams by a customer of LPL Financial LLC alleging churning in unsuitable investments in individual equities and penny stocks between March 2017 and March 2018 resulting in excessive commissions. Per the customer, he/she lost over $79,299.83 because of Mr. Williams’s actions. On May 15, 2019, Mr. Williams settled the claim for $61,050, and some or all of this amount may have been paid by Mr. Williams’s employer and/or insurance carrier.
In July, 2018, LPL Financial LLC terminated Scott Williams for violation of Firm policy regarding discretion.
In January 2009, a complaint was filed against or in reference to Scott Williams by a customer of J.J.B Hilliard, W.L. Lyons, LLC alleging that the client instructed Mr. Williams not to let the total value of his accounts fall below a specified value. Per the customer, he lost over $112,010.94 because of Mr. Williams’s actions.
How To File A Claim Against Scott Williams (previously with LPL Financial LLC, Raymond James Financial Services, Inc., and J.J.B Hilliard, W.L. Lyons, LLC) To Get Your Money Back.
If you have questions about Scott Williams, LPL Financial LLC, Raymond James Financial Services, Inc., J.J.B Hilliard, W.L. Lyons, LLC, or the management or performance of your accounts, please contact Attorney Patil for a free initial consultation via email or toll free at 1-800-950-6553.