Have You Invested Money with William “Billy” Nelson and Lost?

Customer disputes, judgments and tax liens checker this New York broker’s record.

William “Billy” Nelson entered the securities industry over 18 years ago and to date has 16 disclosure events reported on his FINRA BrokerCheck record. Allegations against Nelson, currently with Meyers Associates, L.P., include a wide range of transgressions such as:

• Unauthorized transactions
• Excessive commissions, or churning
• Unauthorized margin use
• Failure to follow instructions
• Unsuitable investments

Most recently, in December 2015, the Montana Commissioner of Securities ordered Nelson to pay a $5,000 fine and restitution in the amount of $28,531.68 for excessive trading in three Montana resident accounts.

Earlier that same month, FINRA fined Nelson $2,500 and suspended him for 20 days from associating with any FINRA member firm in all capacities for failing to timely disclose a 2011 New York State Tax Warrant in the amount of $30, 692.93. The warrant was filed against Nelson in 2011 and he was given 30 days to update his registration paperwork with FINRA. However, Nelson did not update his paperwork with Meyers Associates to disclose the item until June 2015.

Previous customer disputes over Nelson’s performance as a financial advisor resulted in damages of over $250,000 being granted to the complaining customers.

How can you recover damages against an unethical broker?

Every investor has the right to potentially recover financial losses suffered at the hands of an unethical financial advisor or investment firm. An experienced securities arbitration attorney can help in this matter.

Silver Law Group’s team of securities arbitration attorneys stands ready to help you understand your rights and represent your interests. Contact us today to schedule a complimentary consultation and rest assured knowing that no fees will successfully litigate your claim.