William Conn Former Raymond James Broker Suspended after Allegations
The White Law Group is investigating potential FINRA lawsuits involving former Raymond James financial advisor William Conn, after reportedly FINRA sanctioned him for alleged unauthorized trading and excessive gifts to a client.
If you are concerned about investment losses or misconduct related to William Conn, The White Law Group may be able to help you.
FINRA Sanctions William Conn for Unauthorized Trading & Excessive Gifts
According to a FINRA Letter of Acceptance, Waiver and Consent (AWC) published on April 10, 2025, William Conn was reportedly suspended for three months and fined $15,000 for alleged misconduct while registered with Raymond James in San Francisco.
FINRA found that between January 2020 and March 2021, Conn allegedly exercised discretion in 465 transactions in 12 customer accounts without the required prior written authorization from customers or approval from his firm.
In addition, between August 2019 and March 2020, Conn allegedly gifted a total of $120,000 to a single customer, in violation of Raymond James’ policy that limits gifts to $100 per customer per year. Conn reportedly falsely stated on a 2020 compliance questionnaire that he had not exceeded the limit.
Raymond James allegedly terminated Conn in August 2022 for “failure to follow firm policies with respect to exercise of order discretion, and with respect to payments to client,” according to his Form U5 filing.
William Conn Complaints and Customer Disputes
Conn’s BrokerCheck report includes six customer complaints, dating back to 2000. Allegations in these claims include:
- Unauthorized trading
- Breach of fiduciary duty
- Misrepresentation
- Unsuitability
- Excessive commissions
- Churning
- Account mismanagement
While two complaints were denied, four settled, with amounts ranging from $40,000 to $1.5 million.
What is FINRA Arbitration?
If you’ve lost money due to broker misconduct, FINRA arbitration is the primary forum to pursue recovery. Most brokerage firms require customers to resolve disputes through this private arbitration process, rather than in court.
At The White Law Group, we exclusively represent investors in FINRA arbitration claims and have recovered millions of dollars for clients nationwide.
Broker Due Diligence & Failure to Supervise
Brokerage firms like Raymond James have a legal responsibility to supervise their registered representatives and ensure they follow compliance rules and industry regulations. Firms must also:
- Conduct proper due diligence on financial advisors they hire
- Monitor advisors for suspicious activity
- Investigate red flags such as customer complaints or unauthorized trades
If Raymond James failed to adequately supervise William Conn, the firm may be liable for resulting investor losses.
FAQs about William Conn and Your Legal Options
1. Is there a time limit for filing a claim?
Yes. FINRA arbitration claims generally must be filed within six years of the occurrence or event or transaction in question. It’s important to speak with a securities attorney promptly to protect your rights.
2. How much does it cost to hire your firm?
The White Law Group handles cases on a contingency fee basis, meaning we only get paid if we recover money for you. Initial consultations are always free.
Free Consultation – William Conn Lawsuit Help
If you are concerned about your investments with William Conn or have questions about a Raymond James complaint, contact The White Law Group today.
We’ve helped thousands of investors recover losses due to broker misconduct and failure to supervise.
Call 888-637-5510 or visit www.whitesecuritieslaw.com to schedule your free consultation with a securities fraud attorney.
Last modified: May 20, 2025
