Advisor Alert: Our Attorneys Are Investigating William Joseph Conn For Investment Fraud
Did You Lose Money Because of Bill Conn?
Filed: January 31, 2024
William Conn (also known as Bill Conn) currently has one (1) pending customer complaint. Overall, he has been the subject of one (1) termination event and six (6) 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 William Joseph Conn.
Who Is William Joseph Conn?
- Advisor Name: William Joseph Conn
- Aliases: Bill Conn
- CRD: 1477107
- Location: San Francisco, California
- Current Employer: Currently Not Registered
- Previous Firms: International Assets Advisory, LLC, Raymond James & Associates, Inc., and J.P. Morgan Securities LLC
- Number of Known Customer Complaints: 6
- Number of Known Termination Events: 1
- Can William Conn Be Sued: Yes, in Private Arbitration
- Can William Conn’s Employers Be Sued For Failing to Supervise Actions: Yes, in Private Arbitration
- Highest Damages Allegation: $2,000,000
- Highest Settlement: $1,500,000
If you have suffered investment losses by William Conn, 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 Bill Conn For Broker Misconduct
As of this publication date, William Conn has been the subject of 1 termination event and 6 customer disputes. Let’s review them below.
In July 2023, a complaint was filed against or in reference to William Conn by multiple customers of Raymond James & Associates, Inc. alleging that Mr. Conn improperly placed them in aggressive and inappropriate investments, and one of the clients also alleges that his account was invested in speculative positions and that there may be evidence of churning. As of this publication date, this claim remains pending.
In May 2023, a complaint was filed against or in reference to William Conn by a customer of Raymond James & Associates, Inc. alleging that Mr. Conn recommended unsuitable investments. Per the customer, he/she lost over $1,500,000 because of Mr. Conn’s actions. On May 11, 2023, Mr. Conn settled the claim for $1,500,000, and some or all of this amount may have been paid by Mr. Conn’s employer and/or insurance carrier.
In November 2022, a FINRA arbitration was filed against or in reference to William Conn by a customer of Raymond James & Associates, Inc. alleging that Mr. Conn recommended and implemented an unsuitable investment strategy which included concentrating the client’s accounts in equities and writing covered call options; Mr. Conn also failed to disclose the risks of the options strategy, charged excessive commissions, and he executed certain transactions without authorization. On March 3, 2023, Mr. Conn settled the claim for $613,000.18, and some or all of this amount may have been paid by Mr. Conn’s employer and/or insurance carrier.
In July 2022, Raymond James & Associates, Inc. terminated William Conn for failing to follow firm policies with respect to exercise of discretion, and with respect to payments to a client, and for a potential unreported OBA.
In September 2020, a FINRA arbitration was filed against or in reference to William Conn by a customer of J.P. Morgan Securities LLC alleging mismanagement of accounts and unsuitable investments. Per the customer, he/she lost over $2,000,000 because of Mr. Conn’s actions. On March 1, 2022, Mr. Conn settled the claim for $525,000, and some or all of this amount may have been paid by Mr. Conn’s employer and/or insurance carrier.
In April 2001, a NASD arbitration was filed against or in reference to William Conn by a customer of Salomon Smith Barney alleging breach of fiduciary duty, negligence, breach of contract, fraud, unauthorized trading, and misrepresentation. Per the customer, he/she lost over $236,000 because of Mr. Conn’s actions. On June 9, 2003, Mr. Conn settled the claim for $40,000, and some or all of this amount may have been paid by Mr. Conn’s employer and/or insurance carrier.
In December 2000, a complaint was filed against or in reference to William Conn by a customer of Salomon Smith Barney alleging unauthorized trading. Per the customer, he/she lost over $286,251.09 because of Mr. Conn’s actions.
How To File A Claim Against Bill Conn (previously with International Assets Advisory, LLC, Raymond James & Associates, Inc., and J.P. Morgan Securities LLC) To Get Your Money Back
If you have questions about William Conn, International Assets Advisory, LLC, Raymond James & Associates, Inc., J.P. Morgan Securities 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.