January 2019- Houston, TX
According to publicly available records , William Herman Biegel (CRD#1301825) a stockbroker previously employed by Raymond James & Associates, discloses the recent settlement of a customer dispute.
The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.
In March 2016, a customer of Raymond James & Associates, Inc., filed FINRA Case 16-0063 alleging that from 6/2013-9/2015 Biegel over concentrated their account, was negligent, made unsuitable recommendations , committed common law & statutory fraud, violated federal securities laws, churned their account, traded without their authority and violated Texas securities laws. The case was settled for $245,000.
Biegel was employed by Raymond James from May 1997 until December 2017. He is currently not registered as a stockbroker.
If you have losses in an account in an account handled by William Biegel, contact us for a no charge consultation to learn how you may be able to recover damages from his employer through FINRA arbitration.
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.
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