William Gennity was a New York-based securities broker. He worked in the securities industry for twelve years. During his career, he was registered with seven different securities firms.
His registrations included; Joseph Stevens & Company (2005-2006), J.P. Turner & Company (2006, 2009-2010), Mercer Capital (2006), National Securities Corporation (2006-2009, 2010-2011), Legend Securities (2011-2012), Alexander Capital (2012-2014), and First Standard Financial Company (2014-2018). He is no longer working as a registered securities broker in any fashion.
William Gennity’s publicly available FINRA BrokerCheck report shows that he has received multiple customer complaints over the course of his career.
In July 2017, a customer alleged churning and breach of fiduciary duty. This case was settled for $75,000 in damages.
In April 2018, a customer alleged that William Gennity excessively traded their account and charged them excessive commissions. The alleged transgressions taking place between June 2017 and March 2018. This case is currently pending. The customer is seeking $2.4 million in damages.
In December 2018, a customer alleged churning and unsuitable trading. This case is currently pending. The customer is seeking $90,198 in damages.
In February 2019, a customer alleged unsuitable trading, unauthorized trading, and excessive trading. This case is currently pending. The customer is seeking $380,000 in damages.
William Gennity was barred by the United States Securities and Exchange Commission from acting as a securities broker in any fashion in March 2019.
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 Gennity, please contact Oakes & Fosher for a free and private consultation.