The allegations read: Without admitting or denying the findings, williams consented to the sanction and to the entry of findings that he refused to appear for on-the-record testimony requested by finra during the course of an investigation that originated from a form u5 submitted by his member firm. The findings stated that the form u5 disclosed that williams had been discharged for obtaining loans from firm clients and making misrepresentations regarding client loans on annual certifications. Although williams initially cooperated with finra's investigation, he ultimately ceased doing so.
