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William Wright Barred for Failing to Provide Information for a FINRA Investigation

Oct 25, 2021 AWC

William Wright (CRD #: 3048195), a broker formerly registered with National Securities Corporation, has been barred by FINRA, according to his BrokerCheck Record, accessed on October 14, 2021. According to FINRA’s allegations, he refused to provide information and documents requested by FINRA, in violation of FINRA Rules 8210 and 2010. He is also the subject of an investor dispute – more details are provided below.

Employment Termination

On November 9, 2020, National Securities Corp fired William Wright following allegations that he borrowed money from a customer of the firm.

Regulatory Action 

William Wright is the subject of a FINRA bar. On August 19, 2021, he entered into an Acceptance, Waiver, and Consent agreement (AWC) after FINRA alleged that William Wright refused to provide information and documents requested by FINRA in violation of FINRA Rules 8210 and 2010. 

FINRA launched an investigation after National Securities Corporation discharged William Wright following allegations that he borrowed money from a customer of the firm. 

On June 2, 2021, in connection with FINRA’s investigation, FINRA sent a request to William Wright to produce information and documents according to FINRA Rule 8210. According to the AWC, on June 25, 2021, he allegedly stated in an email to FINRA that he would not produce the information or documents requested. As a result, William Wright has consented to an indefinite FINRA bar.

You can read a copy of the AWC here.

FINRA Rules 8210 and 2010

FINRA Rule 8210 requires brokers to allow FINRA staff to inspect their books, records, and accounts. FINRA staff also have the right to require a broker to provide information with respect to any matter involved in an investigation. A violation of FINRA Rule 8210 is also a violation of FINRA Rule 2010, which requires member firms and their associated persons to “observe high standards of commercial honor and just and equitable principles of trade.”

Investor Dispute

William Wright is also the subject of a customer dispute. On October 19, 2021, an investor alleged that William Wright failed to follow instructions. The investor is seeking $65,000 in damages; the dispute is pending.

Financial Disclosure 

On May 23, 2018, William Wright had a bankruptcy dismissed.

William Wright Background Information

William Wright has passed the following exams:

  • Series 63 - Uniform Securities Agent State Law Examination
  • SIE - Securities Industry Essentials Examination
  • Series 7 - General Securities Representative Examination
  • Series 6 - Investment Company Products/Variable Contracts Representative Examination

William Wright has worked for the following firms:

  • National Securities Corporation (CRD#:7569)
  • Woodstock Financial Group, INC (CRD#:38095)
  • Rockwell Global Capital LLC (CRD#:142485)
  • Chase Investment Services Corp (CRD#:25574)
  • MML Investors Services, INC (CRD#:10409)
  • Park Avenue Securities LLC (CRD#:46173)
  • Waddell & Reed, INC ... (CRD#:866)
  • Nationwide Investment Services Corporation (CRD#:7110)

Kurta Law Can Help 

If you suffered losses after working with William Wright, please contact us today 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 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.