The law firm of Oakes & Fosher is presently investigating the alleged misconduct of securities broker William Jordan Jr. According to his publicly available FINRA BrokerCheck report, William Jordan Jr. has been the subject of a FINRA sanction.
William Jordan Jr. is a Pennsylvania based securities broker. He has worked in the securities industry for thirty-one years. During his career, he has been registered with five different securities firms.
His Registrations
- Janney Montgomery Scott (1986-1991)
- J.P. McGowan &Company Incorporated (1992-2001)
- Vanguard Capital (2001-2005)
- Kildare Capital (2005-2014)
- WNJ Capital (2014-Present)
The Allegations
William Jordan Jr. was officially sanctioned by FINRA in July 2016. The findings in this matter state that he executed seven sets of pre-arranged, round trip transactions in municipal securities. Jordan allegedly sold municipal securities to an inter-dealer broker only to purchase them back at a slightly higher price. This alleged, deceptive practice was done to create fictitious growth in securities market activity. Due to these alleged actions, he was fined $7,000, forced to pay $25,657 in disgorgement, and suspended from acting as a securities broker in any fashion for a period of one year.
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 William Jordan Jr., please contact Oakes & Fosher for a free and private consultation. We work on a contingency basis, which means there are no fees charged unless we collect for you.
