William Savary Subject of a One-Year Suspension
William Savary (CRD #: 1069141), a broker most recently registered with Abraham Securities Corporation, is the subject of an investor dispute. This disclosure appears on his BrokerCheck record, accessed on February 16, 2024. Keep reading if you have questions regarding his alleged conduct.
William Savary entered into an Acceptance, Waiver, and Consent agreement (AWC) with FINRA on November 2, 2023. AWCs allow investors to consent to the entry of findings without admitting to nor denying the allegations.
According to FINRA, William Savary violated FINRA Rule 3280 when he participated in a private securities transaction without being associated with a firm. The private securities transactions included his management of another person’s self-directed brokerage account.
FINRA Rule 3280 requires brokers to provide written notice to their firms before engaging in a private securities transaction. After he associated with a brokerage firm, he still allegedly failed to provide notice. He allegedly received $234,532 in compensation for his management of an account from 2021 through 2022.
As part of the terms of the AWC, William Savary consented to a one-year suspension and a $5,000 fine.
You can read a copy of the AWC here.
Earlier Disputes
William Savary has two earlier customer disputes on his record. In both cases, customers received six-figure awards.
Background Information
William Savary has passed the following exams:
- Series 63 Uniform Securities Agent State Law Examination
- Series 79TO Investment Banking Registered Representative Examination
- SIE – Securities Industry Essentials Examination
- 7TO General Securities Representative Examination
- Series 3 National Commodity Futures Examination
- Series 7 General Securities Representative Examination
- Series 24 General Securities Principal Examination
- Series 53 Municipal Securities Principal Examination
- Series 4 Registered Options Principal Examination
He has registered with three firms since 2012.
- Global Trading Group (CRD #: 103927)
- Spencer-Winston Securities Corporation (CRD #: 8300)
- Abraham Securities Corporation (CRD #: 13498)
Kurta Law Can Help
If you have worked with William Savary and you have concerns about your investments, do not hesitate to contact us at 877-600-0098 or 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.
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