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Lauren Williams Allegedly Failed to Act in Client’s Best Interest

Lauren Williams (CRD #: 6478226), a broker formerly registered with Merrill Lynch, Pierce, Fenner & Smith, is involved in a pending dispute, according to her BrokerCheck record, accessed on February 17, 2023. Keep reading to learn more about her alleged conduct as a broker.

Investor Dispute

On January 10, 2023, an investor alleged that Lauren Williams did not act in her best interest when converting funds from an IRA to a Roth IRA. The client seeks $100,000 in damages in this pending dispute.

FINRA Rule 2111 and Regulation Best Interest

FINRA Rule 2111 requires brokers to take investors’ profiles into account when recommending investments. These profiles contain information about an investor’s tax status, age, and other characteristics.

Regulation Best Interest (Reg-BI) is an SEC regulation that requires brokerage firms to put their clients’ best interests first. For example, firms must conduct reasonable due diligence when researching investments to ensure their recommendations are suitable for the investor.

Background Information

Lauren Williams has passed the following exams:

  • Series 66 – Uniform Combined State Law Examination
  • SIE – Securities Industry Essentials Examination
  • Series 7 – General Securities Representative Examination

She has also worked for Merrill Lynch, Pierce, Fenner & Smith (CRD#:7691).

Kurta Law Can Help

If you worked with Lauren Williams and you have concerns about your investments, please contact us today at 877-600-0098 or info@kurtalawfirm.com for a free consultation.

For over 20 years, Kurta Law has advocated on behalf of investors who want to recover their investment losses from brokers and brokerage firms. Kurta Law is a nationally recognized law firm and exclusively represents investors against brokers and brokerage firms on a contingency basis. This means that the firm only earns a fee if our securities attorneys recover money on your behalf. 

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