Public records published by the Financial Industry Regulatory Authority (FINRA) and accessed on April 20, 2018 indicate that former Texas-based Coastal Equities broker/adviser William Downing, also known as Bill Downing, has received resolved or pending customer disputes. Fitapelli Kurta is interested in speaking to investors who have complaints regarding Mr. Downing (CRD# 1529382).
William Downing has spent 31 years in the securities industry and was most recently registered with Coastal Equities in Wimberley, Texas (2017-2018). Previous registrations include JW Cole Financial in Wimberley, Texas (2012-2017); Merrill Lynch in Austin, Texas (2010-2012); Wells Fargo Advisors in Austin, Texas (2008-2010); AG Edwards & Sons in Austin, Texas (2000-2008); Morgan Keegan & Company in Memphis, Tennessee (1995-2001); Painewebber in Weehawken, New Jersey (1991-1995); Rotan Mosle (1989-1991); and Shearson Lehman Hutton in New York, New York (1986-1989). He is currently not registered with any state or firm.
According to his BrokerCheck report, he has received one customer complaint and two pending customer complaints, and he has been terminated from two former employers in connection to alleged rule violations.
In March 2018 a customer alleged William Downing, while employed at Merrill Lynch, recommended unsuitable investments, executed unauthorized trades, and misrepresented material facts from July 2010 until June 2012. The customer is seeking unspecified damages in the pending complaint.
In March 2018 a customer alleged William Downing, while employed at Merrill Lynch, executed unauthorized transactions, made unsuitable investment recommendations, and made misrepresentations of material facts from January 2010 until June 2012 in connection to investments in listed equities. The customer is seeking unspecified damages in the pending complaint.
In 2012 William Downing was discharged from Merrill Lynch in connection to allegations he used discretion in client accounts, mis-marked trades as unsolicited when they were in fact solicited, and engaged in communications with a third party who was not authorized.
In 2011 a customer alleged he, while employed at Wells Fargo Advisors, made unsuitable investment recommendations. The complaint settled in 2012 for $162,500.
If you or someone you know has lost money investing with William Downing, also known as Bill Downing, call Fitapelli Kurta at 877-238-4175 for a free consultation. You may be eligible to recoup your losses. Fitapelli Kurta accepts all cases on a contingency basis: we only get paid if and when you collect money. Time to file your claim may be limited, so we encourage you to avoid delay. Call 877-238-4175 now to speak to an attorney for free.