September 2016-Frisco, Texas
Tye Williams, a stockbroker who formerly worked for NEXT Financial Group was barred by the Financial Industry Regulatory Authority (FINRA) from acting as a broker or otherwise associating with firms that sell securities to the public.
Williams entered into a Letter of Acceptance Waiver and Consent (AWC) without admitting or denying the findings made by FINRA in disciplinary case #2015047059702.
FINRA initiated an investigation into Williams regarding a customer complaint that he had converted over $1 million from the customer’s accounts from 2004-2014, had made unsuitable investment recommendations, engaged in unauthorized transactions and mismanaged the customer assets. FINRA repeatedly requested , pursuant to FINRA Rule 8210, that WIlliams produce documents and information, however Williams failed to produce the requested information and documents, according to the FINRA AWC.
FINRA records indicate that Williams was employed ty NEXT Financial frmo 11/2008-8/2016. He operated Tye Williams Financial Services in Frisco, TX, as well as One Source Advisors Group, also in Frisco, TX. Prior to that he was employed by First Heartland Capital and before that Mutual Service Corporation.
If you have losses in an account handled by Tye Williams, a broker who formerly worked for NEXT Financial, call for a no charge consultation to learn your options for recovering damages.
Rex Securities Law , with offices in Boca Raton, FL, and Austin, TX, provides representation to investors nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.
Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.
Florida-561 391 1900