Investment Planners Broker Terminated For Trading
William George Brunner of Huntington, New York, a stockbroker registered with Investment Planners, Inc., has been terminated from employment on May 12, 2017, based upon a customer’s allegations that Brunner exercised discretion in the customer’s account.
Financial Industry Regulatory Authority (FINRA) Public Disclosure reveals that Brunner has been identified in five customer initiated investment related disputes pertaining to accusations of Brunner’s wrongdoing during the time he was associated with Investec Ernst & Company, Investment Planners, Inc., and Sterling Financial Investment Group, Inc.
Particularly, a customer was awarded $4,174.00 according to an investment related arbitration claim involving Brunner’s misconduct, based upon findings that Brunner did not execute upon the customer’s instructions to sell ML Direct common stock shares from the customer’s investment portfolio. FINRA Arbitration No. 97-00749 (Aug. 27, 1997).
Then, a customer received a judgment of $99,500.00 in damages according to an investment related civil action involving Brunner’s misconduct that was filed in the Supreme Court of the State of New York, Erie County, containing findings of unauthorized trading, unsuitable over-the-counter equities investments, breach of contract, breach of fiduciary duty, negligence, fraud and churning of the customer’s investment account. Civil Action No. 2004-1065 (July 23, 2004).
Subsequently, on September 22, 2004, a customer filed an investment related written complaint involving Brunner’s conduct, where the customer requested $250,000.00 in damages based upon allegations of breach of fiduciary duty, suitability, and trading of equities without regard to the customer’s objectives of investing.
On May 10, 2017, another customer filed an investment related written complaint regarding Brunner’s activities, in which the customer requested $1,000,000.00 in damages supported by accusations of unauthorized and unsuitable over-the-counter equities transactions having been executed in the customer’s account between March of 2015 and February of 2017. The customer additionally alleged that she was not made aware of the fees that were assessed in her account; that she never authorized the exercise of discretion in her account; and had not been provided with account statements.
Furthermore, a customer filed an investment related arbitration claim involving Brunner’s conduct, where the customer sought $1,000,000.00 in damages founded on allegations including churning of the customer’s account, unauthorized trading, breach of contract, breach of fiduciary duty, and negligence relating to the customer’s over-the-counter equity portfolio from March of 2015 and March of 2017.
Since May 17, 1995, Brunner has been associated with eight different broker dealers, two of which have been expelled by securities regulators for violation of federal securities laws or are otherwise defunct.
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