Galvin Legal is launching an investigation on behalf of investors who may have suffered losses investing with William Betta. If you suffered losses investing with William Betta, then Galvin Legal may be able to help you recover your losses in a Financial Industry Regulatory Authority (“FINRA“) arbitration claim.
William Betta (CRD# 2403289)
As of June 19, 2018, William Betta’s FINRA BrokerCheck Report contains the following:
Disclosure Events
2 Customer Dispute(s)
12/4/2000 – Customer Dispute – Pending
Allegations: CLIENT ALLEGES BROKER FAILED TO FOLLOW INSTRUCTIONS BY FAILING TO PLACE STOP LOSS AT $35 ON ZIXI, AS WELL AS MARGIN ISSUE REGARDING ZIXI AND SELL OUT OF TACK FOR MARGIN CALL PURPOSES.
Damage Amount Requested: $9,873.73
8/23/1999 – Customer Dispute – Settled
Allegations: ALLEGED UNSUITABILITY
Damage Amount Requested: $70,000.00
Settlement Amount: $20,000.00
2 Regulatory Event(s)
6/27/2002 – Regulatory – Final
Initiated By: NATIONAL ASSOCIATION OF SECURITIES DEALERS, INC.
Allegations: FAILED TO COMPLY WITH AN ARBITRATION AWARD OR SETTLEMENT AGREEMENT OR TO SATISFACTORILY RESPOND TO AN NASD REQUEST TO PROVIDE INFORMANTION CONCERNING THE STATUS OF COMPLIANCE.
Resolution: Other
Sanctions: Suspension
Sanction Details: NASD REGISTRATION SUSPENDED AS OF 06/27/2002. NASD SUSPENSION OF REGISTRATION LIFTED APRIL 29, 2004 DUE TO NASD DISPUTE RESOLUTION RECEIVED NOTIFICATION THAT THE AWARD OR SETTLEMENT AGREEMENT HAS BEEN SATISFIED OR SATISFACTORY INFORMATION SHOWING VALID REASONS FOR NON-COMPLIANCE HAS BEEN PROVIDED.
9/10/2003 – Regulatory – Final
Firm Name: JOSEPH CHARLES & ASSOC., INC.
Termination Type: Voluntary Resignation
Allegations: N/A BREACH OF FIDUCIARY DUTY & ETHICAL RESPONSIBILITY TO THE FIRM, FAILED TO INDEMNIFY FIRM FOR LOSSES PURSUANT TO WRITTEN AGREEMENT. ESTIMATED DAMAGES IN EXCESS OF $45,000.
Broker Comment: NO ACTION WARRANTED NOT PROVIDED
2 Employment Separation After Allegations
1 Civil Disclosure(s)
Current and Previous Registrations
10/03/2011 – 11/28/2011 ALLIED BEACON PARTNERS, INC. (CRD#:46227)
FINRA expelled the firm on 12/19/2013 BOCA RATON, FL
09/19/2007 – 10/03/2011 WORKMAN SECURITIES CORPORATION (CRD#:31898) BOCA RATON, FL
05/18/2004 – 06/29/2007 BROOKSTREET SECURITIES CORPORATION (CRD#:14667) BOCA RATON, FL
06/08/2007 – 06/19/2007 VFINANCE INVESTMENTS, INC (CRD#:44962) BOCA RATON, FL
02/25/2002 – 09/16/2003 CHICAGO INVESTMENT GROUP, LLC (CRD#:11853)
FINRA expelled the firm on 09/14/2010 CHICAGO, IL
11/20/2000 – 02/23/2001 STERLING FINANCIAL INVESTMENT GROUP, INC. (CRD#:41506)
FINRA expelled the firm on 01/23/2008 BOCA RATON, FL
02/27/1997 – 11/20/2000 JOSEPH CHARLES & ASSOC., INC. (CRD#:3949) BOCA RATON, FL
10/14/1996 – 04/03/1997 FIRST SECURITY INVESTMENTS, INC. (CRD#:24035) KINGSTON, PA
09/06/1995 – 09/03/1996 JOSEPH CHARLES & ASSOC., INC. (CRD#:3949) BOCA RATON, FL
08/14/1995 – 07/22/1996 CAPITAL SECURITIES OF AMERICA, INC. (CRD#:36405) HARTVILLE, OH
06/06/1995 – 08/22/1995 JW CHARLES SECURITIES,INC. (CRD#:33832) BOCA RATON, FL
04/07/1994 – 04/07/1995 PCM SECURITIES LIMITED, L.P. (CRD#:28761) GREEN ACRES, FL
FINRA requires brokerage firms to conduct due diligence on investments and to conduct a suitability analysis when recommending securities to a customer that takes into account the customer’s knowledge and experience. Brokerage firms that fail to conduct adequate due diligence or that make unsuitable recommendations can be held responsible for the customer’s losses in a FINRA arbitration claim.
If you suffered losses investing with William Betta and would like a free consultation with a securities attorney, then please call Galvin Legal at 1-800-405-5117.
Galvin Legal is a national securities arbitration, mediation, fraud, and investor protection law practice. For more information on Galvin Legal, please visit www.galvinlegal.com or call 1-800-405-5117.