Category Archives: William Blair & Company

William Blair and Company to Pay $4.5 Million Fine to Regulator

MAY 2017

According to the U.S. Securities and Exchange Commission, Chicago based brokerage firm William Blair and Company will pay $4.5 million to settle charges that mutual fund assets were used to pay for the distribution and marketing of fund shares outside of a Rule 12b-1 plan and that the firm failed to disclose it would retain a fee for providing shareholder administrative services to certain funds.

Link to SEC release

The payment errors cost the funds $1.25 million, which William Blair has repaid with interest.

FINRA records disclose that WIlliam Blair and Company has 25 prior regulatory events. The company has been a FINRA member since 1944.

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.

Nationwide Representation

Rex Securities Law

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870

William Blair & Company Fined $350,000 Over Failure to Disclose Conflict of Interest

August 17, 2015,

William Blair & Company entered into a Letter of Acceptance Waiver and Consent (AWC) with the Financial Industry Regulatory Authority (FINRA) to resolve allegations that from January 2010 through September 25, 2013, the firm violated several provisions of FINRA’s research analyst conflict of interest rule, NASD Rule 2711.

Rule 2711 fosters transparency in research reports by requiring broker dealers to clearly and prominently provide investors with important information regarding conflicts of interest.

AWC NO. 2013038534401

William Blair & Company was censured and fined $350,000.  

William Blair & Company  has been a FINRA member since 1944, is headquartered in Chicago, and has nearly 900 registered persons in 15 branch offices.  According to FINRA, it publishes about 6,000 research reports annually, covering over 600 companies.

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.

Nationwide Representation

Rex Securities Law

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870