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San Francisco Advisor Bill Conn Has Mismanagement Complaint
International Assets Advisory financial advisor Bill Conn (CRD# 1477107) has received an investor complaint that settled for more than $500,000 and was recently terminated from a former member firm in connection with alleged rule violations. Financial Industry Regulatory Authority records show that he is currently a broker and an investment advisor in San Francisco, California.
Mr. Conn’s BrokerCheck report discloses multiple investor complaints. The most recent, filed in 2020, alleges that as a representative of Raymond James & Associates, he mismanaged accounts and recommended unsuitable investments. In March 2022 the complaint reached a settlement of $525,000.
A second investor complaint, filed in 2001, alleged that as a representative of Salomon Smith Barney, he breached his fiduciary duty, engaged in negligence, breached contract, committed fraud, executed unauthorized trades, and made misrepresentations of material facts. In 2003 the complaint reached a settlement of $40,000.
A third disclosure on Mr. Conn’s BrokerCheck report concerns his July 2022 firing from Raymond James & Associates. According to the disclosure, the firm terminated him in connection with allegations he “failed to follow firm policies with respect to exercise of discretion, and with respect to payments to a client, and for a potential unreported OBA,” or outside business activity.
According to the Financial Industry Regulatory Authority, Bill Conn holds 36 years of securities industry experience. Based in San Francisco, California, he has been a broker and an investment advisor with International Assets Advisory and International Assets Investment Management, respectively, since September 2022. His past registrations include Raymond James & Associates, JP Morgan Securities, Deutsche Bank Securities, DB Alex Brown, Salomon Smith Barney, Painewebber, and Gliksman Securities Group. His credentials include the passage of five securities industry qualifying exams: the General Securities Representative Examination, or Series 7; the National Commodity Futures Examination, or Series 3; the Securities Industry Essentials Examination, or SIE; the Uniform Securities Agent State Law Examination, or Series 63; and the Uniform Investment Adviser Law Examination, or Series 65. He is licensed as a broker in California and Oregon. (Information current as of October 12, 2022.)
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