| Read Time: 2 minutes |


William Cranston Fenwick of First Kentucky Securities Has 4 Customer Complaints For Alleged Broker Misconduct

Who is William C. Fenwick of First Kentucky Securities?

William Fenwick (CRD #1547907) who is currently registered with First Kentucky Securities and located in Louisville, Kentucky is a subject of one of our many securities industry sales practice abuse investigations. First Kentucky Securities has a history of customer complaints and securities industry regulatory problems.

First Kentucky Securities Broker Misconduct

In his career, William Fenwick has been the subject of 4 customer complaints that we know about, one of those complaints was filed in the last two years to recover investment losses. 2 arbitration awards were entered against William Fenwick’s former employers First Kentucky Securities for his alleged misconduct causing investors losses. One of William Fenwick’s 4 customer complaints was settled in favor of investors. There is currently one pending customer complaint filed against First Kentucky Securities for investment losses caused by William Fenwick’s alleged misconduct.

Allegations Against William Fenwick

A sample of the allegations made in the FINRA reported arbitration claim settlements and pending complaints for investment losses are as follows:

  • Claimant alleges that Mr. Fenwick recommended two positions in energy stocks in 2015. The claimant further alleges those recommendations resulted in: (1) breach of fiduciary duty, (2) violation of Kentucky’s Securities Act, KRS Chapter 292, (3) breach of contract, (4) negligence, (5) common law fraud, (6) unjust enrichment, and (7) negligent supervision.
  • William c. Fenwick, Jr. was a subject of the customers’ complaint against his member firms that asserted the following causes of action: unsuitable recommendations, failure to disclose risk, violation of FINRA rules, failure to supervise, breach of the duty of fair dealing, failure to observe just and equitable principles of trade, and violations of the anti-fraud provisions of the Texas civ. Stat. Art 581-33. The causes of action related to claimants’ allegations that respondent recommended an unsuitable asset allocation, including oil related stocks.
  • Fenwick was a subject of the customer’s complaint against his member firm that asserted the following causes of action: breach of fiduciary duty, violation of KRS 292.320(1)(b), violation of KRS 292.320(2), breach of contract, and negligence.
  • Client alleged unsuitable investments after investments lost market value.

William Fenwick Red Flags & Your Rights As An Investor

Of course, William Fenwick did not admit to any of the allegations. But regardless of whether an arbitration award was entered, a settlement occurred, or the customer complaint is still pending, the allegations made by customers are red flags which should put all current and former customers of William Fenwick at First Kentucky Securities on alert to review carefully the activity and performance of their accounts and question whether William Fenwick has engaged in any stockbroker misconduct that may have caused them investment losses. There have been a large number of customer complaints at First Kentucky Securities which also raises questions about its supervisory practices. If these red flags raise questions, call us and we will inform you of your rights as an investor.

File A Claim To Recover Your Investment Losses At First Kentucky Securities

If you have questions about First Kentucky Securities and/or William Fenwick and the management or performance of your accounts, please contact Attorney Pearce for a free initial consultation via email or Toll Free at 1-800-732-2889.

Author Photo

Robert Wayne Pearce

Robert Wayne Pearce of The Law Offices of Robert Wayne Pearce, P.A. has been a trial attorney for more than 40 years and has helped recover over $170 million dollars for his clients. During that time, he developed a well-respected and highly accomplished legal career representing investors and brokers in disputes with one another and the government and industry regulators. To speak with Attorney Pearce, call (800) 732-2889 or Contact Us online for a FREE INITIAL CONSULTATION with Attorney Pearce about your case.

Rate this Post

1 Star2 Stars3 Stars4 Stars5 Stars