Bill Darby Allegedly Moved Money without Consent

Bill Darby (CRD #: 1659917), a broker registered with Stifel, Nicolaus & Company, is the subject of an investor dispute. This is according to his BrokerCheck record, accessed on August 16, 2024. Keep reading if you have questions regarding his alleged conduct. 

Investor Allegations 

On June 30, 2024, investors alleged that Bill Darby moved money without their consent and set up structures that were counter to their objectives. They also take issue with commissions associated with bond trades. 

The dispute was denied, but investors should know that firms can deny disputes without any external review. Investors can still recover following a denial. 

Regulatory Action 

On December 10, 2019, Bill Darby entered into an Acceptance, Waiver & Consent agreement (AWC), in which he consented to the findings that he effectuated wire transfers in response to emails from an imposter. The wire transfers totaled $511,870. He also allegedly falsely advised that he had received verbal confirmation for the transfers from the customer. 

The findings also stated that Bill Darby executed sales of securities in the customer’s account in a total amount of $525,896 without the customer’s knowledge or authorization. 

As part of the terms of the AWC, Bill Darby has consented to a $7,500 fine and a 45-day suspension. You can read a copy of the AWC here.

Background Information 

Bill Darby has passed the following exams: 

• Series 66 – Uniform Combined State 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 

He is a registered broker in nine states and is a registered investment adviser in Georgia. 

During his 22 years of experience, Bill Darby has registered with five firms: 

• Stifel, Nicolaus & Company (CRD #: 793) 
• UBS Financial Services (CRD #: 8174) 
• Goldman, Sachs & Co. (CRD #: 361) 
• Wachovia Securities (CRD #: 431) 
• Merrill Lynch, Pierce, Fenner & Smith (CRD #: 7691) 

Kurta Law Can Help 

If you worked with Bill Darby and you have concerns about your investments, do not hesitate to contact us at 877-600-0098 or email info@kurtalawfirm.com for a free consultation. 

For nearly 20 years, Kurta Law has advocated for investors to recover their investment losses from brokers and brokerage firms. Kurta Law is a nationally recognized law firm that 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. Do not let securities fraud go unchecked. Start your recovery process today.