WILLIAM EUGENE RILEY

WILLIAM EUGENE RILEY is currently employed as a Broker and/or Investment Adviser at SILVER OAK SECURITIES, INCORPORATED located at 306 WEST SEVENTH STREET, SUITE 602, SUITE 602, FORT WORTH, TX, 76102.

WILLIAM EUGENE RILEY has worked at SILVER OAK SECURITIES, INCORPORATED since January 25, 2008

Disclosure History

WILLIAM EUGENE RILEY has 4 Disclosure Event(s).

Date: August 03, 2012
Category: Customer Dispute
Allegations: SUITABILITY
Damage Amount Requested: $80,000.00
Broker Comment: BILL RILEY AND SILVER OAK SECURITIES, INC. BELIEVES THE RECOMMENDATION WAS SUTIABLE.

Date: May 07, 2003
Category: Customer Dispute
Allegations: FAILURE TO FOLLOW INSTRUCTIONS
Damage Amount Requested: $288,175.00
Settlement Amount: $100,000.00
Broker Comment: I WAS THE BRANCH MANAGER OF THE OFFICE, NOT [CUSTOMER'S] FINANCIAL ADVISOR. THE ACCOUNT WAS TRANSFERRED IN FROM "MONY", WHERE ORIGIANL TRADES WERE DONE. I FOLLOWED [CUSTOMER'S] INSTRUCTION EXACTLY, WHICH WERE UNSOLICITED. CLAIM WAS DENIED AT PAIN WEBBER.

Date: March 18, 2002
Category: Customer Dispute
Allegations: STATEMENT OF CLAIM ALLEGES UNAUTHORIZED TRADING, UNSUITABLE INVESTMENTS, & VIOLATION OF OK SECURITY LAWS.
Damage Amount Requested: $250,000.00
Settlement Amount: $65,000.00

Date: May 17, 1999
Category: Customer Dispute
Allegations: CUSTOMER ALLEGES MISREPRESENTATION,UNAUTHORIZED TRADING AND UNSUITABILITY IN ACCT. HELD AT MERRILL LYNCH. DAMAGES CLAIM TO BE $1,000,000.00.
Damage Amount Requested: $1,000,000.00
Settlement Amount: $50,000.00
Broker Comment: I DENY ALL ALLEGATIONS IN THIS CASE. [CUSTOMER] PURCHASED A MUTUAL FUND FOR INCOME WHICH HE HELD FOR THREE YEARS AND NEVER SUFFERED A LOSS TO THE BEST OF MY KNOWLEDGE. HIS ACCOUNT WAS REVIEWED ON A REGULAR BASIS AND NO MENTION OFTHE ABOVE EVER WAS MENTIONED. ONLY AFTER LEAVING MERRILL LYNCH AND ONE YEAR LATER WAS ANY COMPLAINT ISSUED. THE ALLEGATIONS HAVE NO SUBSTANCE OR TRUTH.******************************************************THE MATTER WAS SETTLED TO AVOID THE EXPENSE AND UNCERTAINTY OF LITIGATION. MR. RILEY WAS NOT ASKED TO CONTRIBUTE TO THE SETTLEMENT.

More Information

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.

BrokerCheck is the source of the data included in this Report. The data was compiled on June 29, 2018.

To view the full report for WILLIAM EUGENE RILEY, click here.

The use of BrokerCheck data is subject to the BrokerCheck Terms of Use.