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Investor Alleges William Rankin Failed to Advise Her About IRA

William Rankin (CRD #: 5534121), a broker registered with Woodmen Financial Services, is involved in a pending dispute, according to his BrokerCheck record, accessed on July 2, 2022. Read on if you have questions about William Rankin’s conduct as a broker.

Investor Dispute

In a dispute filed on April 5, 2022, an investor alleges that William Rankin recommended she liquidate an IRA without advising her on the tax ramifications. The client seeks $50,000 in damages in this pending dispute.

FINRA Rule 2020

The omission of information related to investments violates FINRA Rule 2020, which prohibits the use of deception and manipulation in the sale of securities. 

Tax Liens

On November 21, 2016, William Rankin was penalized with $13,159 in tax liens.

Termination from Woodmen Financial Services

On June 23, 2016, William Rankin was fired from Woodmen Financial Services for allegedly failing to disclose to the firm a reportable event listed in FINRA public records, and allegedly failing to pay the related filing fees.

Background Information

William Rankin has passed the following exams:

  • Series 63 – Uniform Securities Agent State Law Examination
  • SIE – Securities Industry Essentials Examination
  • Series 6 – Investment Company Products/Variable Contracts Representative Examination

He is a registered broker in North Carolina and South Carolina.

He has only worked for Woodmen Financial Services (CRD#:117365).

Kurta Law Can Help

If you worked with William Rankin 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. 

 

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