Securities Lawyers Blog
According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Eddie Williams (Williams), currently associated with Lifemark Securities Corp., has at least one disclosable event. These events include one customer complaint, alleging that Williams recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.
FINRA BrokerCheck shows a pending customer complaint with a damage request of $50,000.00 on July 28, 2025.
Allegations pertain to an investment in an alternative product intended to be a small component of a larger diversified portfolio. Investments were purchased from 04/2016 to 03/2017. Unfortunately, the company that issued the investment has since filed Chapter 11 bankruptcy. As a result, allegations include breach of fiduciary duty, unsuitable recommendation, failure to supervise, and negligence. LifeMark believes these to be suitable and appropriate transactions given the information available at the time of the transaction, concerning the investment product as well as the client’s financials, risk tolerance and objectives as represented by the client.