Were you the victim of Purshe Kaplan Sterling Investments broker William Horak (CRD# 1462594), who is accused of GWG Holdings Inc. L Bonds investment losses? He has been registered with Purshe Kaplan Sterling Investments in Tallahassee, Florida, since 2014 and with Wealth Management Corporation in Tallahassee, Florida, since 1990.
William Horak Customer Complaints
He has been the subject of two customer complaints between 2021 and 2022, one of which was withdrawn, according to his CRD report:
November 2022. “Clients allege Negligence, Breach of Fiduciary Duty, Breach of Contract in relation to GWG L Bonds.” The customer is seeking $160,000 in damages, and the case is currently pending. The complaint was regarding debt-backed assets, and it took place while he was registered with Purshe Kaplan Sterling Investments.
Pursuant to FINRA Rules, member firms are responsible for supervising a broker’s activities during the time the broker is registered with the firm. Therefore, Purshe Kaplan Sterling Investments may be liable for investment or other losses suffered by William Horak’s customers.
Erez Law represents investors in the United States for claims against brokers and brokerage firms for wrongdoing. If you have experienced investment losses, please call us at 888-840-1571 or complete our contact form for a free consultation. Erez Law is a nationally recognized law firm representing individuals, trusts, corporations and institutions in claims against brokerage firms, banks and insurance companies on a contingency fee basis.
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