William George Brunner Barred by FINRA

William George Brunner has worked in the securities industry for twenty-two years. During that time, he has worked for eight different securities firms. From 1995 to 1997 he worked for Sterling Foster & Company. From 1997 to 1999 he worked for Royce Investment Group. From 199 to 2002 he worked for Investec Ernst & Company. From 2002 to 2005 he worked for Sterling Financial Investment Group. From 2005 to 2009 he worked for Pointe Capital. In 2008 he worked concurrently for American Capital Partners. From 2009 to 2015 he worked for First Midwest Securities. From 2015 to 2017 he worked for Investment Planners Inc.

William George Brunner’s FINRA FINRA BrokerCheck report shows that he has been the subject of five customer complaints. The first one was brought forward in 1998. The dispute stated that Brunner failed to execute trades totaling damages of $5,000. This case went to arbitration and the customer was awarded approximately $7,500.

His second customer complaint was brought forward in 2002. Brunner’s customer alleged that he sustained losses from unsuitable investments, unauthorized trading, and churning. This case also went to arbitration. The claimant was awarded $99,500 in damages.

His third complaint was brought forward in 2004. The customer alleged unsuitability, trading against investment objectives, and breach of fiduciary duty. The client requested $250,000 in damages; however, the claim was denied.

His next complaint was brought forward in 2017. The customer alleged suitability and discretion. The client claims that he was not made aware of the amount of fees paid. The client claims he did not receive statements and did not sign active trading letters. This case is currently pending. The client is seeking $1,000,000 in damages.

His final complaint was also brought forward in 2017. The customer alleged negligence, breach of fiduciary duty, breach of contract, churning, unauthorized trading, and suitability of a corporate account. $1,000,000 was originally requested; however, the case was settled for $200,000.

FINRA’s publicly available records also state that, in 2017, after the client accused Brunner of discretion, Investment Planners requested phone records and a written response from Brunner. Instead of complying, Brunner sent in his resignation.

In April of 2018, Brunner was sanctioned by FINRA. The findings state the FINRA requested Brunner to give on-the-record testimony. This was due to an ongoing investigation into possible excessive trading and use of discretion without written authorization in customer’s accounts while being associated with a FINRA member firm. Brunner declined to appear for the on-the-record testimony. Due to his actions, he was subsequently barred by FINRA from acting as a broker in any fashion.

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 George Brunner, please contact Oakes & Fosher for a free and private consultation.

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