Overview

• InvestmentNews reported the August settlement after it appeared in FINRA’s BrokerCheck disclosures this week.
• Williams, a former Merrill Lynch Boca Raton adviser, is accused of taking $1.56 million through 133 unauthorized transactions and laundering another $1.03 million with Octavia Monique Graham.
• He was arrested on June 25 and booked on four felony counts, including first-degree organized fraud and first-degree grand theft, and he is free on $1 million bond awaiting trial.
• A court hearing is scheduled for November 13 in Broward County, according to case listings reported by multiple outlets.
• Jones initially sought $16 million; Merrill Lynch declined comment, and Jones’ attorneys previously criticized the exploitation of professional athletes by trusted advisers.