Houston, Texas financial advisor Kim Tran (CRD# 5575725) was recently sanctioned and suspended in connection with alleged rule violations. Financial Industry...
Read MoreStephen Williams: Madison, Alabama Financial Advisor Complaints
Settled and pending complaints against Madison, Alabama broker and investment advisor Stephen Williams (CRD#: 2395948) allege conduct including suitability violations, misrepresentations, and more. Williams is a representative of Next Financial Group, according to information drawn from Financial Industry Regulatory Authority records.
A pending 2018 complaint alleges that as a representative of Next Financial Group, he misrepresented and recommended unsuitable non-traded real estate investment trusts whose risks he failed to properly disclose. The complaint alleges damages of $350,000.
A 2018 complaint alleged that as a representative of Next Financial Group, he recommended investments that have since become worthless or illiquid. The complaint reached a settlement of $24,000.
A 2017 complaint alleged that as a representative of Next Financial Group, he sold unsuitable investments in non-traded real estate investment trusts. The complaint reached a settlement of $3,900.
A 2017 complaint alleged that as a representative of Next Financial Group, he sold unsuitable non-traded real estate investment trusts. The complaint reached a settlement of $37,500.
A 2012 complaint alleged that as a representative of Next Financial Group, he misrepresented an unsuitable investment in Provident Shale Royalties 8. The complaint reached a settlement of $50,000.
A 2004 complaint alleged that as a representative of Edward Jones & Company, he breached his fiduciary duty, recommended unsuitable investments, acted negligently, and committed fraud. The complaint resulted in an award to the customer of $65,000.
Stephen Williams is currently registered with Next Financial Group in Madison, Alabama, where he has been registered since 2007. His employment history includes Raymond James Financial Services in Securities Service Network in Huntsville, Alabama; Raymond James Financial Services in St. Petersburg, Florida; and Edward Jones in St. Louis, Missouri. He currently holds six state licenses and has passed 21 securities industry qualification examinations.
