William Fochi (CRD #: 1773450), a broker and an investment adviser registered with Cantella & Co, is involved in a dispute regarding annuities, according to his BrokerCheck record, accessed on January 25, 2021.
On December 7, 2020, an investor alleged that William Fochi engaged in fraudulent and misleading conduct by making the unsuitable recommendation that the investor purchase $2,500,000-worth of annuity contracts within a two-month period. Annuities are extremely risky and complex and do not suit most investors.
On February 17, 2020, William Fochi resigned from his position at Northwestern Mutual Investment Services, following the firm’s allegations that he facilitated sales of an investment product not approved by the firm.
On September 19, 2012, William Fochi entered into a consent order with the State of Connecticut in which he consented that he misrepresented information on an annuity withdrawal form. Fochi also consented to a fine of $3,000.
William Fochi has passed the Series 65 Uniform Investment Adviser Law Examination, the Series 63 Uniform Securities Agent State Law Examination, the Securities Industry Essentials Examination, the Series 7 General Securities Representative Examination, and the Series 6 Investment Company Products/Variable Contracts Representative Examination. He is a registered broker in California, Maine, New York, Connecticut, Florida, North Carolina, Rhode Island, Georgia, Texas, Indiana, and Virginia.
During his 32-year career, Fochi has worked at the following firms:
- Cantella & Co. (CRD #: 13905)
- Northwestern Mutual Investment Services (CRD #: 2881)
- Robert Baird & Co (CRD #: 8158)
If William Fochi was your broker and you have questions about your investments, don’t hesitate to contact the securities attorneys of Fitapelli Kurta. Call (877) 238-4175 or email email@example.com for a free case consultation with a securities attorney.