William Derrington, formerly with KCD Financial, Subject of Washington Securities Division Complaint

Have you lost money with financial advisor William Derrington of Bellevue, Washington?  We are investigating allegations made by the Washington Securities Division.   Washington alleged that Derrington borrowed money from a customer and never paid it back.  Derrington did not have permission from his former brokerage firm, KCD Financial, to enter into this loan transaction.  As a result, Washington barred Derrington from the securities industry.

William Derrington was a financial advisor and registered representative of KCD Financial from December 2006 to December 2013.  Derrington was also affiliated with Independent Financial Group between January 2014 and July 2015.  He worked at a branch office in Bellevue, Washington.   He also owned and operated Westmont Financial.  Derrington has been the subject of at least four customer complaints.

Brokerage firms like KCD Financial 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 Seattle, Vancouver (Washington), and Denver, Colorado.  We represent investors in FINRA arbitration proceedings in all 50 states, including investors throughout Washington and the Seattle area.  Our attorneys have represented over one thousand investors against many brokerage firms in the past.

Click to view:  Derrington, William Washington Order

Click to view:  Derrington, William BrokerCheck 11.9.18

If you lost money with William Derrington or KCD Financial, please CONTACT US at 720-599-3505 for a free evaluation of your case.

Israels & Neuman, PLC is a private law firm and is not affiliated with any government or law enforcement agency.  Any investigation referenced in this blog is independent in nature and is being conducted by our law firm privately, not in conjunction with any government or law enforcement agency.  All information contained in this blog should be deemed statements of opinion derived from the author’s review of public records, not statements of fact.  This blog is advertising material and does not create an attorney client relationship, nor does it constitute legal advice.  Everyone’s situation is different and the question of whether or not you have a claim will vary on a case-by-case basis.  In contingent representation, clients may still be liable for costs.