Advisor Alert: Our Attorneys Are Investigating William A. Fochi, Jr. For Investment Fraud
Did You Lose Money Because of Bill Fochi, Jr.?
Filed: October 25, 2023
Bill Fochi Jr (also known as William A. Fochi, Jr.) has been the subject of three (3) regulatory events, one (1) termination event, and one (1) customer complaint. 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 A. Fochi, Jr..
Who Is William A. Fochi, Jr. of Cambridge Investment Research, Inc. and Cambridge Investment Research Advisors, Inc.?
- Advisor Name: William A. Fochi, Jr.
- Aliases: Bill Fochi Jr
- CRD: 1773450
- Location: Glastonbury, Connecticut
- Current Employer: Cambridge Investment Research, Inc. and Cambridge Investment Research Advisors, Inc.
- Previous Firms: Cantella & Co., Inc. and Northwestern Mutual Investment Services, LLC
- Number of Known Customer Complaints: 1
- Number of Known Regulatory Events: 3
- Number of Known Termination Events: 1
- Can William Fochi, Jr. Be Sued: Yes, in Private Arbitration
- Can William Fochi, Jr.’s Employers Be Sued For Failing to Supervise His Actions: Yes, in Private Arbitration
- Highest Damages Allegation: $5,000
- Highest Settlement: Unknown
If you have suffered investment losses by William Fochi, Jr., 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 Fochi, Jr. For Broker Misconduct
As of this publication date, Bill Fochi, Jr. has been the subject of 3 regulatory events, 1 termination event, and 1 customer dispute. Let’s review them below.
In May 2023, The State of Connecticut Insurance Department initiated a regulatory action against or in reference to William Fochi, Jr. As a result of Bill Fochi, Jr’s October 6, 2021 FINRA Consent Order, the State of Connecticut Insurance Department entered a Stipulation and Consent Order for the purpose of Mr. Fochi, Jr. maintaining his Connecticut resident producer license. The Order requires twelve months of probation and the completion of an online educational course.
In October 2021, FINRA initiated a regulatory action against or in reference to Bill Fochi, Jr. Without admitting or denying the findings, Fochi consented to the sanctions and to the entry of findings that he engaged in an outside business activity without disclosing or providing prior written notice to his member firm. In addition, Fochi made inaccurate statements to the firm regarding his participation in outside business activities and sales of EIAs on multiple annual firm compliance questionnaires.
In December 2020, a complaint was filed against or in reference to Bill Fochi, Jr. by a customer of Northwestern Mutual Investments Services, LLC alleging that Mr. Fochi, Jr. engaged in fraudulent and misleading conduct by making unsuitable recommendations that the customer purchase $2.5 million in annuity contracts within a two month period (October – December 2019), consisting of two Northwestern Mutual variable annuity contracts and two outside carrier annuity contracts. Per the customer, he/she lost over $5,000 due to Mr. Fochi, Jr.’s actions.
In February 2020, Northwestern Mutual Investments Services, LLC permitted Bill Fochi, Jr. to resign following the Firm’s discovery that he violated Firm policy by soliciting and facilitating sales of a product not approved by the Firm.
In September 2012, the State of Connecticut Insurance Department initiated a regulatory action against or in reference to Bill Fochi, Jr. for entering a consent order admitting that he misrepresented information on an annuity withdrawal form.
How To File A Claim Against Bill Fochi, Jr. of Cambridge Investment Research, Inc. and Cambridge Investment Research Advisors, Inc. (previously with Cantella & Co., Inc. and Northwestern Mutual Investment Services, LLC) To Get Your Money Back.
If you have questions about Bill Fochi, Jr., Cambridge Investment Research, Inc., Cambridge Investment Research Advisors, Inc., Cantella & Co., Inc., Northwestern Mutual Investment Services, 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. Our team has recovered approximately $25 million dollars on behalf of investors who lost money due to bad advice by their broker or brokerage firm. We’d love to help you out too.