WILLIAM TOWNLEY KOENIG is currently employed as a Broker and/or Investment Adviser at J.W. COLE FINANCIAL, INC. located at 5323 Spring Hill Drive, Spring Hill, FL, 34606.
WILLIAM TOWNLEY KOENIG has worked at J.W. COLE FINANCIAL, INC. since November 06, 2009
WILLIAM TOWNLEY KOENIG has 8 Disclosure Event(s).
Date: April 23, 2018 Category: Customer Dispute Allegations: Claimant alleges that her monies were over-concentrated in a risky and unsuitable holding. Damage Amount Requested: $100,000.00 Broker Comment: Representative vehemently denies any wrongdoing.
Date: April 13, 2017 Category: Judgment / Lien Judgment/Lien Amount: $114,945.18 Judgment/Lien Type: Tax Broker Comment: This lien is in dispute and a resolution is processing.
Date: March 10, 2008 Category: Customer Dispute Allegations: CLIENT ALLEGES THAT THE ADVISOR EXECUTED UNAUTHORIZED TRANSACTION IN THE ACCOUNT AND ALSO HINDERED THE TRANSFER OUT OF THE ACCOUNT Damage Amount Requested: $80,000,000.00 Broker Comment: I, WILLIAM T. KOENIG, III DENY THE ALLEGATIONS MADE AGAINST ME. THE POA FOR CLIENT [CUSTOMER] WAS ACTING VERY DIFFERENTLY THEN MY CLIENT WOULD. SHE AGREED TO ANSWER MY CONCERNS ABOUT MY CLIENTS ACCOUNT. I NOTIFIED THE PROPER AUTHORITIES OF WHAT I THOUGHT MIGHT BE INAPPROPRIATE ACTIONS ON THE PART OF THE POA.
Date: June 18, 2007 Category: Customer Dispute Allegations: BREACH OF FIDUCIARY DUTIES TO CLAIMANT; BREACH OF THE RULES OF THE NYSE AND NASD AS TO SUITABILITY OF RECOMMENDATIONS OF INVESTMENTS AND TRADING; BREACH OF CONTRACTUAL DUTIES SET FORTH IN THE BROKERAGE ACCOUNT AGREEMENT BETWEEN CLAIMANT AND RESPONDENTS; FAILURE TO SUPERVISE IN A PROPER MANNER THE ACTIVITIES OF ITS AGENTS AND REPRESENTATIVES. RESPONDENT IS LIABLE FOR THE CONDUCT OF ITS AGENTS, UNDER THE COMMON LAW THEORY OF RESPONDEAT SUPERIOR; MISREPRESENTATION AND OMISSIONS CONSTITUTE COMMON LAW FRAUD; RESPONDENT ENGAGED IN UNAUTHORIZED TRADING AND MISMANAGEMENT OF CLAIMANT'S ACCOUNT AND MADE REPEATED MISREPRESENTATIONS OF MATERIAL FACT AND OMISSIONS CONCERNING THE ACCOUNT AND THE PURCHASES AND SALES, WHICH CONSTITUTED MISREPRESENTATIONS, OMISSION, DECEIT AND THE EMPLOYMENT OF A DEVISE, SCHEME AND ARTIFICE TO DEFRAUD; RESPONDENTS' MISMANAGEMENT OF CLAIMANT'S ACCOUNT, MISREPRESENTATIONS, AND OMISSIONS OF MATERIAL FACT CONSTITUTED NEGLIGENCE AND FRAUD AND VIOLATED CHAPTER 517; VIOLATION OF FLORIDA'S ELDER ABUSE STATUTE, F.S, 415.1111; AND BREACH OF FIDUCIARY DUTIES UNDER COMMON LAW AND UNDER F.S. CHAPTER 518. Damage Amount Requested: $50,000.00 Settlement Amount: $9,999.00
Date: April 30, 2007 Category: Customer Dispute Allegations: UNSUITABILITY; FAILURE TO SUPERVISE; BREACH OF FIDUCIARY DUTY; BREACH OF CONTRACTUAL DUTIES; MISREPRESENTATION AND OMISSIONS; UNAUTHORIZED TRADING; NEGLIGENCE & FRAUD Damage Amount Requested: $50,000.00 Settlement Amount: $18,750.00 Broker Comment: THE CLIENT CAME TO ME IN 1986 ASKING TO INVEST FOR GROWTH FIRST AND INCOME SECOND. SHE IMMEDIATELY BEGAN WITH WITHHOLDING MONEY FROM THE ACCOUNT AT AN APPROXIMATE RATE OF 20% PER YEAR. OVER THE NEXT SEVERAL YEARS SHE WITHDREW ALMOST ALL OF HER MONEY, ON MARGIN. AS THE MARKET DROPPED IN 2002 SHE HAD TO SELL TO MEET MARGIN CALLS. THE CLIENT WAS WARNED AGAINST DOING THIS, BUT CONTINUED. THE SETTLEMENT IS THE RESULT OF A BUSINESS DECISION. THE COST OF GOING FORWARD TO ARBITRATION IS PROHIBITED COMPARED TO MAKING THIS SETTLEMENT. THE INVESTMENTS WERE NOT UNSUITABLE, THERE WAS NO FIDICUARY RESPONSIBILITY ON MY PART, AND THERE WAS NO BREACH OF CONTRACTUAL DUTIES, MISREPRESENTATION OR OMISSIONS, UNAUTHORIZED TRADING NEGLIGENCE OR FRAUD.
Date: September 20, 2006 Category: Customer Dispute Allegations: CLIENT ALLEGES THAT HER AND HER DECEASED HUSBAND WERE SOLD INVESTMENTS THAT WERE NOT SUITABLE FOR THEM. CLIENT ALLEGES THAT SHE HAS LOST $150,000 AND IS SEEKING RESTITUTION. Damage Amount Requested: $150,000.00
Date: November 17, 2003 Category: Customer Dispute Allegations: CLIENT ALLEGES SUITABILITY; BREACH OF THIRD PARTY CONTRACTS; BREACH OF CONTRACT; VIOLATION OF FEDERAL SECURITIES LAWS; BREACH OF FIDUCIARY DUTY; FRAUDULENT MISREPRESENTATION; NEGLIGENT MISREPRESENTATION; NEGLIGENCE AND GROSS NEGLIGENCE. INCIDENT DATES: 04/01 - 02/04. Damage Amount Requested: $300,000.00 Damages Granted: $240,000.00
Date: March 21, 2003 Category: Customer Dispute Allegations: SUITABILITY Damage Amount Requested: $15,000.00 Broker Comment: CUSTOMER COMPLIANT IS NO LONGER REPORTABLE BECAUSE IT WAS FILED MORE THAN 24 MONTHS AGO AND DID NOT RESULT IN A SETTLEMENT OF $10,000 OR MORE. PLEASE ARCHIVE.
All individuals registered to sell securities or provide investment advice are required to disclose customer complaints and arbitrations, regulatory actions, employment terminations, bankruptcy filings and criminal or civil judicial proceedings.
A disclosure includes information about customer disputes, disciplinary events and financial matters on the broker's record as reported by securities regulators, the individual broker, and any involved firms. Some of these items may involve pending actions or allegations that have not been resolved or proven. The presence of a disclosure does not automatically indicate any wrongdoing.
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