February 2020-Austin, Texas
The FINRA records of William F. “Billy” Fox, a stockbroker who is currently employed by First Allied Securities disclose 2 prior customer disputes that are final and one currently pending 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 FINRA Case 16-0312, a customer of Fox while he was employed by New England Securities alleged damages in excess of $100,000 in connection with the recommendation to invest in private placement real estate investment trusts (REIT) that the customer alleged was not appropriate. That case was settled in 3/2017 for $70,000.
In currently pending FINRA case 19-3455, a customer of New England Securities seeks damages for unsuitable investments in non-traded REITs, private placements, equipment leasing programs, oil and gas programs and annuities.
Fox has been registered with First Allied Securities since 11/2014. Prior to that Fox was registered with New England Securities .
If you have losses in an account in an account handled by William “Billy” Fox , contact us to discuss how you may be able to recover damages for those losses.
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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