A Look at Broker Roy Williams’ BrokerCheck
A Look at Broker Roy Williams’ BrokerCheck.
Broker Roy Williams (CRD# 1069297) is currently registered at KCD Financial, Inc. in Stratford, Connecticut and was formerly registered at Center Street Advisors. Inc. and Center Street Securities. Inc. in Nashville, Tennessee. Williams has or has had one regulatory event and nine customer disputes on his BrokerCheck.
In 2022 a FINRA arbitration was filed against Williams for recommending an unsuitable investment in or around 2018. The alleged damages were $42,000 and the case settled for $15,000 in 2023.
A customer dispute from 2020 alleges that Willams did not conduct sufficient due diligence which resulted in alleged damages of $100,000. This complaint settled in 2021 for $52,000. Another customer dispute from 2017 alleged that UDF REITs (real estate investment trusts) purchased by Willliams for a client in 2013 were unsuitable. The alleged damages were $100,000 and this dispute was settled in arbitration for $25,000.
In another settled customer dispute against Williams, the client alleged that the recommended investments that were illiquid and unsuitable. The alleged damages were $78,000 and the case settled for $47,500.
A pending customer dispute alleges that Williams failed to comply with rules and obligations, failed to allocate the portfolio properly, was negligent, and breached his contractual duties related to sales in connection with “L Bonds” and a real estate investment trust (REIT).
We are a Chicago-based law firm with a national practice, representing investors nationwide in seeking to recover their investment losses. The firm continues to investigate brokerage firms and brokers who have placed elderly investors, retirees and other conservative investors in unsuitable investments.
We receive the highest rankings as attorneys for quality work and ethics. We successfully have filed numerous cases against brokerage firms that sold high-risk investments, recovering more than $50 million on behalf of victimized investors. In those cases, we allege that the investment recommendations were unsuitable for our clients based on their financial situation, needs, and investment objectives.
We offer free case evaluations and handle matters on a contingency fee basis-meaning you pay no attorney’s fees unless we recover compensation for you. If you have incurred investment losses with Roy Williams and would like a securities attorney to evaluate your case, please contact us.