Publicly available records provided by the Financial Industry Regulatory Authority (FINRA) and accessed on April 11, 2018 indicate that former Texas-based Coastal Equities broker/adviser William Downing has been involved in a customer disputes and is currently not affiliated with any broker-dealer firm. Fitapelli Kurta is interested in hearing from investors who have complaints regarding Mr. Downing (CRD# 1529382).
William Downing has spent 31 years in the securities industry and was most recently registered with Coastal Equities in Wimberley, Texas (2017-2018). Previous registrations include JW Cole Financial in Wimberley, Texas (2012-2017); Merrill Lynch in Austin, Texas (2010-2012); Wells Fargo Advisors in Austin, Texas (2008-2010); AG Edwards & Sons in Austin, Texas (2000-2008); Morgan Keegan & Company in Memphis, Tennessee (1995-2001); Painewebber in Weehawken, New Jersey (1991-1995); Rotan Mosle (1989-1991); and Shearson Lehman Hutton in New York, New York (1986-1989). He has passed four securities industry examinations: Series 66 (Uniform Combined State Law Examination), which he obtained on May 20, 2010; Series 63 (Uniform Securities Agent State Law Examination), which he obtained on July 25, 1986; Series 3 (National Commodity Futures Examination), which he obtained on August 25, 1986; and Series 7 (General Securities Representative Examination), which he obtained on July 19, 1986. He is currently not registered with any state or firm.
According to his BrokerCheck report, William Downing has received one customer complaint and was discharged from two former employers in connection to alleged rule violations.
In 2012 he was terminated from his position at Merrill Lynch in connection to allegations he mis-marked solicited trades as unsolicited, exercised discretion in certain customer accounts, and participated in communications with an unauthorized third party.
In 2011 a customer alleged William Downing, while employed at Wells Fargo Advisors, recommended unsuitable investments in common and preferred stock products. The complaint settled in 2012 for $162,500.
In 2000 he was terminated from his position at Morgan Keegan in connection to allegations he wrote checks on his wife’s account for deposit in his account.
If you or someone you know has a complaint regarding William Downing, call the attorneys at Fitapelli Kurta at 877-238-4175 for a free consultation. You may be able to recover lost funds. Fitapelli Kurta accepts all cases on contingency: we only get paid if and when you collect money. You may have a limited window to file your complaint, so we encourage you to avoid delay. Call 877-238-4175 now to speak to an attorney for free.