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Bill Conn Fired from Raymond James & Associates Following Alleged Breaches of Firm Policy

Sep 23, 2022 Fired Brokers

Bill Conn (CRD #: 1477107), a broker registered with International Assets Advisory, was fired from his previous firm, according to his BrokerCheck record, accessed on September 18, 2022. Keep reading to learn more about Bill Conn’s conduct as a broker.

Discharge from Raymond James & Associates

On July 7, 2022, Bill Conn was fired from Raymond James & Associates after he allegedly failed to follow firm policies involving use of discretion, payments made to a client, and a potential unreported outside business activity.

FINRA Rule 3260

FINRA Rule 3260 prohibits brokers from executing discretionary trades outside of pre-approved discretionary accounts authorized by their client and firm.

FINRA Rule 3270

FINRA Rule 3270 requires brokers to receive approval from their firm before participating in business activities outside their firm.

Other business activities

Bill Conn’s detailed BrokerCheck report lists the following outside businesses:

 

  1. San Francisco Fly Casting Club Board Member 
  2. Residential Rental Propertly
  3. International Assets Investment Management 
  4. W.J. Capital Corp – Private Label Entity for Financial Business 

Investor Dispute

On September 29, 2020, an investor filed a dispute naming Bill Conn in allegations involving unsuitable investments and the mismanagement of their accounts between May 8, 2018, and August 31, 2020. The client sought $2 million in damages and received a settlement of $525,000.

FINRA Rule 2111

FINRA Rule 2111 requires brokers to take investors’ profiles into account when recommending investments. An investor’s profile describes their age, risk tolerance, financial goals, and other information.

Investors who rely on brokers for investment recommendations may be able to recover their funds by seeking out FINRA arbitration.

Background Information

Bill Conn has passed the following exams:

  • Series 65 – Uniform Investment Adviser Law Examination
  • Series 63 – Uniform Securities Agent State Law Examination
  • SIE – Securities Industry Essentials Examination
  • Series 3 – National Commodity Futures Examination
  • Series 7 – General Securities Representative Examination

Bill Conn is a registered broker and a registered investment adviser in California.

He has also worked for the following firms:

  • Raymond James & Associates (CRD#:705)
  • J.P. Morgan Securities (CRD#:79)
  • Deutsche Bank Securities (CRD#:2525)
  • DB Alex. Brown (CRD#:17790)
  • Salomon Smith Barney (CRD#:7059)
  • PaineWebber (CRD#:8174)
  • Gliksman Securities Corporation (CRD#:8225)

Kurta Law Can Help

If you worked with Bill Conn and you have concerns about your investments, please contact us today at 877-600-0098 or info@kurtalawfirm.com for a free consultation.

For over 20 years, Kurta Law has advocated on behalf of investors who want to recover their investment losses from brokers and brokerage firms. Kurta Law is a nationally recognized law firm and exclusively represents investors against brokers and brokerage firms on a contingency basis. This means that the firm only earns a fee if our securities attorneys recover money on your behalf.