FINRA suspends William Patrick Slattery (CRD #2390505, Garden City, New York)
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As reported in InvestmentNews, three Raymond James entities have agreed to pay over $15 million to resolve an investigation by the SEC. The settlement and SEC order focused on Raymond James’s actions in improperly charging certain clients advisory fees when the...read more
March 28, 2018 – A Letter of Acceptance, Waiver and Consent (AWC) was issued in which Slattery was assessed a deferred fine of $12,500 and suspended from association with any FINRA member in all capacities for five months. Without admitting or denying the findings, Slattery consented to the sanctions and to the entry of findings that he engaged in outside business activities without providing prior notice to his member firm. The findings stated that Slattery was retained by start-up companies to identify prospective investors and introduce them to the company principals. In total, Slattery received approximately $45,000 in compensation for introducing potential investors to the companies. Slattery’s compensation was not contingent on any potential investors actually making an investment or on any transactions actually occurring as a result of his introductions. Further, Slattery signed an annual compliance acknowledgement inaccurately confirming that he had not engaged in any undisclosed outside business activities. The findings also stated that Slattery failed to amend his Form U4 or disclose to the firm that the New York State Department of Taxation and Finance had issued a tax warrant, imposing an $8,325 assessment against him for his failure to pay state taxes. The suspension is in effect from April 2, 2018, through September 1, 2018. (FINRA Case #2016049896601). If you or someone you know has lost money investing with William Slattery, call the experienced attorneys at Epperson & Greenidge at 877-445-9261 for a free consultation. You may be eligible to recoup your losses. Epperson & Greenidge accepts all cases on a contingency basis: we only get paid if and when you collect money. Time to file your claim may be limited, so we encourage you to avoid delay. Call 877-445-9261 now to speak to an attorney for free.