(888) 637-5510

Written by 8:35 pm Blog, Broker Investigations

William G. Downing Barred from Securities Industry

William G. Downing

William G. Downing (Bill Downing) – JW Cole – Securities Investigation

According to the Financial Industry Regulatory Authority (FINRA), the regulator has barred William G. Downing from associating with any FINRA member in any capacity.

After reportedly failing to request termination of his suspension within three months of the date of the Notice of Suspension, Downing is automatically barred from the securities industry.

According to Downing’s FINRA BrokerCheck report, he was registered with Coastal Equities in Wimberly, Texas from August 2017 until March 2018. Prior to that, he was affiliated with J.W. Cole Financial in Wimberly, TX from December 2012 until June 2017.

His broker record states that Downing has 2 employment separations and 4 customer disputes since working in the securities industry. Allegations include excessive trades and unsuitability. He is not currently registered as a broker.

Investigating Potential Claims

The White Law Group is investigating potential securities fraud claims involving the liability that Downing’s employers may have for failing to properly supervising him.

Brokerage firms are required to properly supervise their advisors. They must ensure that those advisors are complying with applicable FINRA rules and regulations. If it can be demonstrated that Downing’s former employer failed to properly supervise him, the firm may be held responsible for the losses in a FINRA arbitration claim.

If you are concerned about your investments with Bill Downing and would like a free consultation to discuss your litigation options, please call The White Law Group at 1-888-637-5510.

The White Law Group, LLC is a national securities fraud, securities arbitration, investor protection, and securities regulation/compliance law firm with offices in Chicago, Illinois and Franklin, Tennessee.




Tags: , , Last modified: June 30, 2023