Securities Lawyers Blog
According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker William Rankin (Rankin), previously associated with Woodmen Financial Services, INC., has at least one disclosable event. These events include one regulatory event, alleging that Rankin recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.
FINRA BrokerCheck shows a final customer complaint on December 19, 2023.
Without admitting or denying the findings, Rankin consented to the sanction and to the entry of findings that he refused to produce information and documents as requested by FINRA in connection to its investigation of allegations made on Form U5 submitted by his member firm. The findings stated that his Form U5 disclosed that a customer had alleged that Rankin recommended the liquidation of an IRA without notifying her of the tax ramifications.