Tallahassee Florida Broker Barred by FINRA for Misuse of Customer Funds

According to FINRA’s Disciplinary and Other FINRA Actions publication, William Oscar Hardy Jr. (CRD #1444999) was barred by FINRA for misusing customer insurance premium funds which caused the customer’s policy to lapse. FINRA alleged that Hardy misused $658 in customer funds by applying them to various insurance policies held by the customer’s daughter and son-in-law, and depositing some of the funds into his personal business checking account, instead of paying the customer’s premium payments for his fixed life insurance policy. As a result, the customer’s policy lapsed. (See FINRA AWC. No. 2014039881901)

According to FINRA’s Broker Check, William Hardy has been permanently barred from acting as a broker or otherwise associating with firms that sell securities to the public. Hardy was registered in the securities industry for twenty eight (28) years with the following firm(s):

NYLIFE SECURITIES LLC
CRD #5167
TALLAHASSEE, FL
05/2002 – 03/2014

MUTUAL OF OMAHA INVESTOR SERVICES, INC.
CRD #611
OMAHA, NE
12/1985 – 03/2002

If you have suffered investment losses as a result of your broker’s or brokerage firm’s misconduct, contact the Hanley Law to discuss your legal options. The Hanley Law is dedicated to helping investors nationwide. If you have lost money as a result of your broker’s recommendations, you may be entitled to recover your investment losses. Contact our office toll free at (239) 649-0050 for a complimentary initial consultation.

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