WILLIAM SAVARY

William Savary A name that should signify trust, experience, and financial acumen. After all, a man with years of experience in the financial industry should be a beacon of guidance for investors navigating the tumultuous markets. But dig a little deeper, and a different picture emerges—a picture riddled with regulatory infractions, customer disputes, and a striking attempt to sweep it all under the rug.

In the world of finance, where millions of dollars are entrusted to advisors, integrity is paramount. Unfortunately, Savary’s track record suggests he might have missed that memo. From unauthorized transactions to suspiciously hushed-up scandals, this investigation aims to uncover the truth and issue a stark warning to investors, regulatory bodies, and those who dare to trust blindly in his financial expertise.

FINRA’s Suspension: A Symphony of Deception

Let’s start with the facts. In November 2023, the Financial Industry Regulatory Authority (FINRA) dropped the hammer on Savary, slapping him with a one-year suspension and a $5,000 fine. The charges? Engaging in private securities transactions without informing his firms.

Between 2021 and 2022, Savary managed another individual’s self-directed brokerage account, executing 90 securities purchases totaling approximately $1.75 million. And what did he get in return? A nice, hefty $234,532 in compensation—money he conveniently failed to mention to Spencer-Winston Securities Corporation and later Abraham Securities Corporation, the firms he was associated with at the time.

For those unfamiliar with financial regulations, this isn’t just a minor paperwork issue—it’s a blatant breach of FINRA Rule 3280 and Rule 2010, which are designed to ensure transparency and protect investors from undisclosed risks. And yet, despite being caught red-handed, Savary’s punishment barely qualifies as a slap on the wrist.

A History of Red Flags: Investor Complaints and Disputes

A seasoned investor might look at Savary’s suspension and think, “Well, maybe he made one mistake.” If only it were that simple.

Savary’s BrokerCheck profile tells a different story. Two prior customer disputes stand out, both resulting in significant financial settlements in favor of the wronged investors. While the details remain scarce (and suspiciously difficult to find), the fact that multiple investors had to resort to legal action strongly suggests a pattern of misconduct rather than a one-time lapse in judgment.

One of the key indicators of an untrustworthy financial advisor is a history of client disputes. While some complaints might be minor misunderstandings, two high-profile cases leading to six-figure settlements signal something far more serious—an advisor who repeatedly puts his interests above those of his clients.

The Art of Concealment: Savary’s Attempt to Bury the Truth

Here’s where things get particularly unsettling. A quick search for negative press about Savary yields surprisingly little information. Given the severity of his offenses, one would expect a plethora of articles, legal discussions, and investor warnings. Instead, we find a suspicious void.

There are strong indications that Savary—or parties acting on his behalf—has engaged in aggressive online reputation management and information suppression tactics. Reports suggest that critical content about his misdeeds is either buried under a flood of generic financial articles or removed altogether. This raises an important question: Why would an honest financial advisor go to such lengths to erase their past?

The answer is simple: because the past is damning.

In an industry that thrives on trust, reputation is everything. With investor confidence shaken, firms distancing themselves, and regulatory bodies keeping a closer watch, Savary’s best chance at salvaging his career is to rewrite history. But as we know, the internet never forgets—no matter how many cease-and-desist letters are sent, no matter how many negative reviews are mysteriously deleted.

Investor Warnings: What This Means for You

If you’re an investor, financial professional, or simply someone who values transparency, Savary’s track record should be a major red flag. Here are some critical takeaways:

1. Lack of Regulatory Compliance

Financial advisors operate in a highly regulated environment for a reason—investor protection. When an advisor repeatedly violates rules, it’s a clear indication that they either do not respect the law or believe they can get away with bending it.

2. Pattern of Deception

One misstep can be excused. A consistent pattern of hiding financial dealings, failing to disclose transactions, and accumulating investor disputes? That’s a different story entirely.

3. Attempts to Suppress Negative Information

Honest advisors do not need to erase their past. If someone is actively working to hide critical details about their professional history, ask yourself why. The answer is rarely in the investor’s favor.

4. FINRA’s Punishment May Not Be Enough

A one-year suspension and a small fine? That’s pocket change for someone who profited over $234,000 in undisclosed transactions. The true penalty comes from investors making informed decisions to avoid financial advisors with a history of unethical behavior.

A Call to Action: Where Are the Authorities?

While FINRA’s action against Savary is a step in the right direction, it isn’t enough. Financial regulators must take a more proactive approach in ensuring that advisors like Savary are not allowed to operate unchecked. Furthermore, investor protection agencies should push for greater transparency in disciplinary records, ensuring that misconduct cannot be easily swept under the rug.

For investors, the best defense against advisors like Savary is due diligence. Never take a financial advisor’s word at face value—always research their regulatory history, verify past disputes, and look beyond what’s visible at first glance.

Conclusion

When it comes to financial advisors, trust is non-negotiable. And based on everything we’ve uncovered, William Savary has failed this fundamental test.

His suspension by FINRA for unauthorized transactions is not an isolated incident but part of a larger pattern of deception, non-compliance, and attempts to cover his tracks. Add in past investor disputes resulting in six-figure settlements, and the picture becomes clear: this is an advisor investors should avoid at all costs.

But perhaps the most concerning element of all is his deliberate attempt to erase negative information. Instead of addressing past mistakes, making amends, or demonstrating a commitment to ethical financial management, Savary appears to have taken the opposite approach—hiding the truth in the hopes that investors won’t dig deep enough to find it.

The message for investors is clear: Do not be fooled by appearances. Do your research. And above all, trust advisors who operate with full transparency—not those who work behind a smokescreen.

As for regulatory bodies? The ball is in their court. Because if individuals like Savary continue to operate in the shadows, it’s only a matter of time before more investors fall victim to financial mismanagement, deception, and outright fraud.