Michael Williams (CRD #: 468074) of Dallas, Texas, is involved in a customer dispute involving a Real Estate Investment Trust (REIT), according to his BrokerCheck record, accessed on October 28, 2020. Mr. Williams is a broker and an investment adviser registered with Commonwealth Financial Network. This is not the only time an investor has alleged an unsuitable investment recommendation — read on if you’d like more information on Michael Williams’ record as a broker.
On September 8, 2020, a client alleged that Mr. Williams had recommended unsuitable investments in FS Investment Corp. III and Griffin-American Healthcare REIT. REITs are notoriously complex and can result in taxes that come as a surprise to the investor. The client is seeking $100,000; the dispute is pending.
On April 16, 2004, clients alleged that they did not understand the terms of a Variable Universal Life (VUL) Insurance policy that Michael Williams recommended. The dispute was eventually denied by Mr. Williams’ member firm but was never adjudicated by FINRA.
Michael Williams has passed the Series 65 Uniform Investment Adviser Law Examination, the Series 63 Uniform Securities Agent State Law Examination, Securities Industry Essentials Examination, Series 1 Registered Representative Examination, and the Series 24 General Securities Principal Examination. He is a registered broker Arkansas, California, Colorado, Florida, Hawaii, New Mexico, Oklahoma, Texas, and Virginia. Mr. Williams is also a registered investment adviser in Texas.
During his 47 years of experience, Mr. Williams has worked at the following firms:
- First Allied Advisory Services, Inc. (CRD #: 137888)
- First Allied Securities, Inc. (CRD #: 32444)
- LPL Financial Corporation (CRD #: 6413)
- AXA Advisors (CRD #: 6627)
- The Equitable Life Assurance Society of the United States (CRD #: 4039)
If Michael Williams was your broker and you have questions about your investments, don’t hesitate to contact the securities attorneys at Fitapelli Kurta. Call (877) 238-4175 or email firstname.lastname@example.org for a free case consultation with a securities attorney.