{"id":18919,"date":"2020-04-29T09:17:59","date_gmt":"2020-04-29T14:17:59","guid":{"rendered":"https:\/\/www.investorlawyers.com\/blog\/?p=18919"},"modified":"2020-05-12T12:27:00","modified_gmt":"2020-05-12T17:27:00","slug":"first-allied-securities-broker-investor-claims","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/first-allied-securities-broker-investor-claims\/","title":{"rendered":"First Allied Securities Broker William Fox Accused of Making Unsuitable Alternative Investments Recommendations"},"content":{"rendered":"<h2><span style=\"font-weight: 400;\">Texas Stockbroker Purportedly Earned High Commissions From Illiquid Alternative Investments<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">If you are an investor who was sold alternative investments by First Allied Securities broker William Fox, you may have grounds for an investor claim. Fox, an Austin, TX-based registered representative, has been accused by at least one customer, who already filed a Financial Industry Reguinveslatory Authority (FINRA) claim, of not performing the proper due diligence before recommending that the claimant invest over $2M in retirement funds in illiquid, poor quality alternative investments.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">This included nontraded real estate investment trusts (nontraded REITs), annuities, private placements, equipment leasing, and <\/span><a href=\"https:\/\/www.investorlawyers.com\/blog\/united-states-oil-fund-plunges\/\"><span style=\"font-weight: 400;\">oil and gas investments<\/span><\/a><span style=\"font-weight: 400;\">. The sale of these investments to the claimant resulted in Fox earning $140K in commissions and an investment advisory fee.\u00a0<\/span><\/p>\n<div class=\"read_more_link\"><a href=\"https:\/\/www.investorlawyers.com\/blog\/first-allied-securities-broker-investor-claims\/\"  title=\"Continue Reading First Allied Securities Broker William Fox Accused of Making Unsuitable Alternative Investments Recommendations\" class=\"more-link\">Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Texas Stockbroker Purportedly Earned High Commissions From Illiquid Alternative Investments If you are an investor who was sold alternative investments by First Allied Securities broker William Fox, you may have grounds for an investor claim. Fox, an Austin, TX-based registered representative, has been accused by at least one customer, who already filed a Financial Industry [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":18920,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[4043,3783],"tags":[2627,4196,2945,3005],"class_list":["post-18919","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-alternative-investments","category-broker-misconduct","tag-alternative-investments","tag-broker-misconduct","tag-first-allied-securities","tag-securities-fraud"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>First Allied Securities Broker Accused Of Recommending Unsuitable Alternative Investments | SSEK<\/title>\n<meta name=\"description\" content=\"A First Allied Securities broker, William Fox, is being accused of recommending unsuitable alternative investments to investors which resulted in losses.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.investorlawyers.com\/blog\/first-allied-securities-broker-investor-claims\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"First Allied Securities Broker Accused Of Recommending Unsuitable Alternative Investments | SSEK\" \/>\n<meta name=\"twitter:description\" content=\"A First Allied Securities broker, William Fox, is being accused of recommending unsuitable alternative investments to investors which resulted in losses.\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/www.investorlawyers.com\/blog\/wp-content\/uploads\/2020\/04\/jeshoots-com-LtNvQHdKkmw-unsplash-1.jpg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Shepherd Smith Edwards &amp; Kantas, LLP\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"First Allied Securities Broker Accused Of Recommending Unsuitable Alternative Investments | SSEK","description":"A First Allied Securities broker, William Fox, is being accused of recommending unsuitable alternative investments to investors which resulted in losses.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.investorlawyers.com\/blog\/first-allied-securities-broker-investor-claims\/","twitter_card":"summary_large_image","twitter_title":"First Allied Securities Broker Accused Of Recommending Unsuitable Alternative Investments | SSEK","twitter_description":"A First Allied Securities broker, William Fox, is being accused of recommending unsuitable alternative investments to investors which resulted in losses.","twitter_image":"https:\/\/www.investorlawyers.com\/blog\/wp-content\/uploads\/2020\/04\/jeshoots-com-LtNvQHdKkmw-unsplash-1.jpg","twitter_misc":{"Written by":"Shepherd Smith Edwards &amp; Kantas, LLP","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.investorlawyers.com\/blog\/first-allied-securities-broker-investor-claims\/#article","isPartOf":{"@id":"https:\/\/www.investorlawyers.com\/blog\/first-allied-securities-broker-investor-claims\/"},"author":{"name":"Shepherd Smith Edwards &amp; Kantas, LLP","@id":"https:\/\/www.investorlawyers.com\/blog\/#\/schema\/person\/e0240e0754684b69f7d6a7de1b9f1431"},"headline":"First Allied Securities Broker William Fox Accused of Making Unsuitable Alternative Investments Recommendations","datePublished":"2020-04-29T14:17:59+00:00","dateModified":"2020-05-12T17:27:00+00:00","mainEntityOfPage":{"@id":"https:\/\/www.investorlawyers.com\/blog\/first-allied-securities-broker-investor-claims\/"},"wordCount":441,"image":{"@id":"https:\/\/www.investorlawyers.com\/blog\/first-allied-securities-broker-investor-claims\/#primaryimage"},"thumbnailUrl":"https:\/\/www.investorlawyers.com\/blog\/wp-content\/uploads\/2020\/04\/jeshoots-com-LtNvQHdKkmw-unsplash-1.jpg","keywords":["Alternative Investments","broker misconduct","First Allied Securities","Securities Fraud"],"articleSection":["Alternative Investments","Broker Misconduct"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.investorlawyers.com\/blog\/first-allied-securities-broker-investor-claims\/","url":"https:\/\/www.investorlawyers.com\/blog\/first-allied-securities-broker-investor-claims\/","name":"First Allied Securities Broker Accused Of Recommending Unsuitable Alternative Investments | SSEK","isPartOf":{"@id":"https:\/\/www.investorlawyers.com\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.investorlawyers.com\/blog\/first-allied-securities-broker-investor-claims\/#primaryimage"},"image":{"@id":"https:\/\/www.investorlawyers.com\/blog\/first-allied-securities-broker-investor-claims\/#primaryimage"},"thumbnailUrl":"https:\/\/www.investorlawyers.com\/blog\/wp-content\/uploads\/2020\/04\/jeshoots-com-LtNvQHdKkmw-unsplash-1.jpg","datePublished":"2020-04-29T14:17:59+00:00","dateModified":"2020-05-12T17:27:00+00:00","author":{"@id":"https:\/\/www.investorlawyers.com\/blog\/#\/schema\/person\/e0240e0754684b69f7d6a7de1b9f1431"},"description":"A First Allied Securities broker, William Fox, is being accused of recommending unsuitable alternative investments to investors which resulted in losses.","breadcrumb":{"@id":"https:\/\/www.investorlawyers.com\/blog\/first-allied-securities-broker-investor-claims\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.investorlawyers.com\/blog\/first-allied-securities-broker-investor-claims\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.investorlawyers.com\/blog\/first-allied-securities-broker-investor-claims\/#primaryimage","url":"https:\/\/www.investorlawyers.com\/blog\/wp-content\/uploads\/2020\/04\/jeshoots-com-LtNvQHdKkmw-unsplash-1.jpg","contentUrl":"https:\/\/www.investorlawyers.com\/blog\/wp-content\/uploads\/2020\/04\/jeshoots-com-LtNvQHdKkmw-unsplash-1.jpg","width":640,"height":427,"caption":"SSEK Law Firm is investigating a First Allied Securities broker, William Fox, over claims that he recommended unsuitable alternative investments to investors that resulted in losses"},{"@type":"BreadcrumbList","@id":"https:\/\/www.investorlawyers.com\/blog\/first-allied-securities-broker-investor-claims\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.investorlawyers.com\/blog\/"},{"@type":"ListItem","position":2,"name":"First Allied Securities Broker William Fox Accused of Making Unsuitable Alternative Investments Recommendations"}]},{"@type":"WebSite","@id":"https:\/\/www.investorlawyers.com\/blog\/#website","url":"https:\/\/www.investorlawyers.com\/blog\/","name":"Investor Lawyers Blog","description":"Published By Investment Fraud Attorneys \u2014 Shepherd Smith Edwards &amp; 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