The law firm of Oakes & Fosher is presently investigating the alleged misconduct of securities broker Kenneth Williams. According to his publicly available FINRA BrokerCheck report, Kenneth Williams has been the subject of multiple customer disputes over the course of his career.

Kenneth Williams is a New York-based securities broker. He has worked in the securities industry for twenty-four years. During his career, he has been registered with twenty-seven different securities firms.

His Registrations

  • Emanuel and Company (1993-1994)
  • Berkeley Securities Corporation (1994-1995)
  • Commonwealth Associates (1995)
  • Kensington Wells Incorporated (1995)
  • Meyers Pollock Robbins, Inc. (1995)
  • W.J. Nolan & Company (1995)
  • Sharpe Capital, Inc. (1995-1996)
  • A.R. Baron & Co. (1996)
  • LT Lawrence & Co. (1996)
  • VTR Capital (1996-1997)
  • IAR Securities Corp. (1997-1998)
  • GKN Securities Corp. (1998-2000)
  • Investec Ernst & Company (2000-2001)
  • Joseph Stevens & Company (2001-2002)
  • Sterling Financial Investment Group (2002)
  • Legend Merchant Group (2002-2007, 2010-2012)
  • Garden State Securities (2008)
  • Spartan Capital Securities (2008-2010)
  • John Thomas Financial (2010, 2012)
  • International Assets Advisory (2012)
  • PHX Financial (2012-2014)
  • Blackbook Capital (2015)
  • First Standard Financial Company (2015-2017, 2018-2019)
  • Westpark Capital (2017)
  • J.H. Darbie & Co. (2017)
  • Fordham Financial Management (2017-2018)
  • Paulson Investment Company (2019-Present)

The Allegations

  • In December 2009, a customer alleged that Kenneth Williams made material misrepresentations, breached his fiduciary duty, and omitted material facts. This case was settled for $90,000 in damages.
  • In January 2017, a customer alleged that Kenneth Williams executed unauthorized trades and engaged in unauthorized margin trading.
  • In May 2017, Kenneth Williams was permitted to resign from his position at WestPark Capital amidst allegations that he failed to follow firm policies.

Unauthorized Trading

Securities brokers are prohibited from executing trades on behalf of investors without first obtaining the investor’s authorization.  There is however a practice known as discretionary trading that allows a securities broker to execute trades in a client’s account without obtaining authorization for each one, but the broker must first obtain written authorization from the investor first.  This written authorization is necessary as it keeps the investor involved in the process and helps protect them against potential unsuitable investments made without their knowledge.

Oakes & Fosher Can Help

Many investors are unaware of the legal recourse available to them after losing money due to securities broker fraud and/or negligence. The truth is that investors who have lost money in this fashion may actually be entitled to damages.

Oakes & Fosher dedicates its entire legal practice to helping investors across the nation. If you, or someone you know, have lost money investing with Kenneth Williams, please contact Oakes & Fosher for a free and private consultation. Oakes & Fosher handles cases on a contingency basis, which means there are no fees charged unless we collect for you.