William M. Quigley, Former Compliance Officer at Trident Partners, Ltd., Charged with Fraud
Have you lost money with financial advisor William M. Quigley from Seaford and Woodbury, New York? We are investigating allegations made by the SEC and reported by InvestNews.com made against Quigley. The SEC alleged that William Michael Quigley, the former Chief Compliance Officer of Trident Partners Ltd., diverted money from overseas investors to his family in the Philippines. InvestmentNews reported that Quigley also was criminally indicted for wire fraud and money laundering for the same conduct.
According to the SEC complaint, William Quigley told investors to invest in legitimate companies like Dell, Berkshire Hathaway, and Blackrock, Inc. However, when Quigley received the money, he did not invest it as instructed but instead diverted that money and gave it to his brother Michael and Brian Quigley.
FINRA, the Financial Industry Regulatory Authority, suspended William Quigley in March 2015 for failing to respond to its investigation regarding these theft allegations. Trident Partners Ltd. terminated Quigley in September 2014 for the same allegations.
William Michael Quigley was a financial advisor and registered representative of Trident Partners Ltd. from October 2007 to September 2014. He worked at offices in Westbury and Woodbury, New York. Quigley was previously fired by Fleet Securities in 1999.
Brokerage firms like Trident Partners Ltd. have a responsibility to adequately supervise all representatives who are registered through their firm. Brokerage firms also must take steps to ensure that their financial advisors follow all securities rules and regulations, as well as internal firm policies. When brokerage firms fail to adequately supervise their registered representatives, they may be liable for investment losses sustained by customers.
Israels & Neuman PLC is a securities and investment fraud law firm with offices in Denver, Colorado and the Seattle area. We represent investors in FINRA arbitration proceedings in all 50 states, including investors in New York. Our attorneys have represented over one thousand investors against many brokerage firms in the past, including Wells Fargo Advisors, LPL Financial, Merrill Lynch, Morgan Stanley, Smith Barney, Stifel Nicolaus & Company, UBS Financial Services, Oppenheimer, Charles Schwab, Ameriprise Financial Services, Raymond James Financial Services, ProEquities, Securities America, National Securities Corp., and many others.
If you invested with William Michael Quigley or Trident Partners Ltd., please Contact Us at 720-599-3505 for a free evaluation of your case.
Click to view: Quigley SEC Comp
Click to view: Quigley BrokerCheck 5.30.15