William Banks Allegedly Failed to Place Client’s Trades

William Banks (CRD #: 866519), a broker registered with UBS Financial Services, has been involved in an investor dispute, according to his BrokerCheck record, accessed on December 13, 2024. If you have questions about his alleged conduct as a broker, keep reading.

Investor Dispute

On November 1, 2024, an investor alleged that William Banks failed to place trades he requested, in violation of his client’s instructions from March 22, 2024, to April 3, 2024. This dispute was denied by the firm.

Investors should be aware, however, that firms can deny disputes without an external review. Investors may still recover damages following a denial by pursuing FINRA arbitration.

FINRA Rule 2010

FINRA Rule 2010 holds brokers to high standards of commercial honor and just and equitable principles of trade.

Background Information

William Banks has passed the following exams:

• General Securities Sales Supervisor – General Module Examination – Series 10
• General Securities Sales Supervisor – Options Module Examination – Series 9
• General Securities Sales Supervisor Examination (Options Module & General Module) – Series 8
• General Securities Principal Examination – Series 24
• Securities Industry Essentials Examination – SIE
• Futures Managed Funds Examination – Series 31
• General Securities Representative Examination – Series 7
• Uniform Investment Adviser Law Examination – Series 65
• Uniform Securities Agent State Law Examination – Series 63

William Banks is a registered broker in 22 states and the District of Columbia. He is also a registered investment adviser in New Jersey, Pennsylvania, and Texas.

He has also worked for the following firms:

• Merrill Lynch, Pierce, Fenner & Smith (CRD#:7691)
• Morgan Stanley (CRD#:7556)
• Advest (CRD#:10)
• PaineWebber (CRD#:8174)
• A. G. Edwards & Sons (CRD#:4)
• Hibbard Brown & Company (CRD#:18246)
• Sherwood Capital (CRD#:10474)
• First Jersey Securities (CRD#:6621)

Kurta Law Can Help

If you worked with William Banks 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 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.