William Hightower was barred by FINRA in 2015 after failing to respond to requests for information.
The Sonn Law Group is investigating allegations that William Hightower committed misconduct. Under FINRA Rules, brokerage firms are liable for their brokers’ misconduct or negligence and investors may be able to their investment through FINRA arbitration. Contact Sonn Law Group today or call us at 866–827–3202 for a free consultation.
William Hightower (CRD#:2152369) was registered with UBS Financial Services in Houston, Texas from June 2007 until September 2013. He was subsequently employed by Legacy Asset Securities in Houston, Texas from September 2015 until June 2015.
Hightower has been the subject of nine customer complaints over the course of his career, according to his BrokerCheck report. Two of the complaints were withdrawn, and one was closed with no action.
- September 2019 — “Time frame: November 2007–2018 Claimant’s counsel alleges UBS & Legacy failed to protect client’s accounts from Hightower’s schemes and self-dealings and permitted him to engage in unauthorized trading and transfers to unauthorized destinations.” This case is currently pending.
- August 2019 — “Time frame: 1/2013 to 9/2016 Allegations: Plaintiffs alleges that at UBS and a subsequent employer Hightower recommended inappropriate investments including a “private annuity” and stock in a company Hightower controlled and that he forged documents and transferred money to an account he controlled.” This case is currently pending.
- April 2019 — “Time frame: NOT SPECIFIED Allegations: Claimants allege the FA liquidated their accounts without authorization and used the money to purchase shares in his company.” This case is currently pending.
- September 2018 — “Hightower was a subject of the customer’s complaint against his member firm that asserted the following causes of action: breach of contract and warranties, promissory estoppel, unfair trade and deceptive practices, violation of Texas securities statutes, violation of Texas fraud statutes, intentional and negligent misrepresentations of fact, unjust enrichment, breach of fiduciary duty, and vicarious liability.” The complainant requested $1,282,235.87 in damages.
- March 2016 — “Time frame: 2012 Claimant alleges that FA recommended the purchase of a high risk, illiquid and unsuitable unregistered security. Claimant further alleges omissions and misrepresentations regarding this recommended investment.” This case was settled for $125,000.
- May 2015 — “Time frame: 2009–2013 The claimants council (sp) alleges unsuitability of investments, misrepresentations and unauthorized trading in accounts.” This case was settled for $40,000.
Jeffrey R. Sonn is an experienced investor losses attorney. If you suffered losses because a financial professional committed acts in violation of FINRA Rules, Mr. Sonn will protect your rights and interests. Please do not hesitate to contact the Sonn Law Group today for a free review of your claim