Last Updated: October 2023 (Chattanooga, TN)
William Winchester Investigation Summary
Here’s what you need to know about Chattanooga, TN, stockbroker Bill Woods:
- Name: Mr. William F. Winchester, III
- Current Employer: Barred by FINRA from acting as a broker or otherwise associating with a broker-dealer firm.
- Previous Firms: Cadaret, Grant & Co., Raymond James Financial Services, LPL Financial, Lawson Winchester Wealth Managment
- Function: Former Stock Broker/ Financial Advisor
- Aliases: Bill Woods
- Primary Location: Chattanooga
- CRD 440327
- Can William Winchester be sued in FINRA arbitration: Yes
- Sanctioned by FINRA: Yes
- Highest Settlement : $160,000
Discuss your case with experienced investment fraud lawyer Bob Rex at (877) 224-3199 for a free consultation.
Did You Lose Money With William Winchester (aka Bill Woods) As Your Stockbroker?
In 4/2023 FINRA permanently barred William Winchester from the securities industry after finding that he borrowed more than $850,000 from his customers without notifying or obtaining permission from his firm (LPL Financial) and answering ‘no’ on annual firm questionnaires that asked whether he had borrowed money from any customer.
In 6/2020 fined Bill Woods $45,000 for engaging in dishonest and unethical practices by failing to disclose to his firm three loans with customers.
William Winchester, aka Bill Woods, discloses 3 prior settlements with customers including:
- In 11/2022 a customer of LPL Financial and Raymond James Financial was paid $160,000 to resolve allegations that he concealed the amount of funds deposited in to the account of the customer’s grandfather and later borrowed money from the account without the customer’s knowledge.
Allegations of Broker Misconduct Against William Winchester aka Bill Woods
Customers of William Winchester have alleged the following wrongdoing in connection with the handling of customer accounts:
- Excessive Turnover (Churning)
- Selling away
- Breach of Contract
- Misrepresentation to conceal conversion of funds
- Borrowed money from customer’s account without permission
What is Excessive Trading (Churning)?
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.
Recover Your Investment Losses Now With Rex Securities Law
If you have suffered investment losses in an account handled by William Winchester, contact us for a complimentary consultation with an experience securities lawyer to learn how you may be able to recover damages through FINRA arbitration.
With offices in Boca Raton, FL and Austin, TX, stockbroker fraud attorney Bob Rex provides representation to investors nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers, financial advisors and broker dealers.
If you have questions about how your account has been handled, call (877) 224-3199 to speak with an experienced securities attorney at no cost to you.
Most cases are handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.