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Did William Anthony Daly III Cause You Investment Losses?

William Anthony Daly III of North Chesterfield, Virginia was fined $5,000 and suspended from association with any FINRA member for a period of 45 days for allegedly engaging in unauthorized trading. Without admitting or denying the allegations, William Anthony Daly III consented to the sanctions. The suspension was in effect from September 7, 2020, through October 21, 2020. Daly is currently associated with UBS and is therefore subject to FINRA’s jurisdiction.

In June 2007, William Anthony Daly III joined UBS Financial Services Inc. (UBS) and was registered as a General Securities Representative. The FINRA findings stated that during a period of only two days, Daly allegedly engaged in unauthorized trading in several customer’s accounts. According to FINRA, the alleged placed 48 trades in the accounts of 48 firm customers to cover the $75 account fee charged by UBS. FINRA stated that each trade was allegedly placed without any knowledge or consent of the customers in violation of FINRA Rule 2010.

FINRA Rule 2010 provides that “a member, in the conduct of its business, shall observe high standards of commercial honor and just equitable principles of trade.” Unauthorized trading occurs when a registered representative effects trades in a customer’s account without first obtaining the customer’s authorization or consent. Unauthorized trading is a violation of FINRA Rule 2010.

Do You Need A Virginia FINRA Securities Arbitration Lawyer?

Are you a Virginia investor who has suffered significant losses in your stock brokerage and investment accounts?  Did your Virginia stockbroker or investment advisor misrepresent facts, fail to disclose facts making the statements made false and misleading, recommend unsuitable investments or strategies, excessively trade or churn, mismanage your investment account or engage in other kinds of stockbroker misconduct? If so, you need representation by an experienced, highly-rated and nationally recognized FINRA securities arbitration attorney—a lawyer who knows FINRA rules and procedures inside and out and how to handle these FINRA arbitration cases as well as other complex legal issues. 

Free Initial Consultation With Experienced FINRA Securities Arbitration Lawyers Serving Virginia Residents In FINRA Arbitration Proceedings

At The Law Offices of Robert Wayne Pearce, P.A.  we represent investors in all kinds of securities, commodities and investment law disputes in FINRA, AAA and JAMS arbitration and mediation proceedings. Attorney Pearce and his staff represent investors throughout Virginia, and across the United States on a CONTINGENCY FEE basis which means you pay nothing – NO FEES-NO COSTS – unless we put money in your pocket after receiving a settlement or FINRA arbitration award.

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For dedicated representation by Attorney Pearce with over 40 years of experience and success in all kinds of securities, commodities and investment law disputes serving Virginia citizens, contact the firm by phone at 561-338-0037, toll free at 800-732-2889 or via e-mail

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Robert Pearce

Robert Wayne Pearce of The Law Offices of Robert Wayne Pearce, P.A. has been a trial attorney for more than 40 years and has helped recover over $125 million dollars for his clients. During that time, he developed a well-respected and highly accomplished legal career representing investors and brokers in disputes with one another and the government and industry regulators. To speak with Attorney Pearce, call (800) 732-2889 or Contact Us online for a FREE INITIAL CONSULTATION with Attorney Pearce about your case.

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