Investment Loss Options for Clients of Former Independent Financial Group, LLC Broker William Morrow
Posted on Tuesday, November 3rd, 2020 at 10:26 pm
Erez Law is currently investigating former Independent Financial Group, LLC broker William Morrow (CRD# 836500) regarding high-risk investments that leads to investment losses. Morrow has been registered with Concorde Investment Services, LLC in San Diego, California since 2018.
Morrow has been the subject of 13 customer complaints between 1988 and 2020, according to his CRD report. Previously settled complaints were regarding suitability and awarded past clients hundreds of thousands of dollars in settlements, including awards in the amount of $100,000, $145,000, $150,000, $233,000, $250,000, $380,000, and $450,000, among other settlements. The most recent complaint is regarding:
May 2020. “Statement of claim alleges that investments were high risk and not in line with their stated objectives and risk tolerance.” The customer is seeking $100,000 in damages and the case is currently pending. The complaint took place while Morrow was registered with Independent Financial Group, LLC and was regarding direct 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, Independent Financial Group, LLC may be liable for investment or other losses suffered by Morrow’s customers.
Erez Law represents investors in the United States for claims against brokers and brokerage firms for wrongdoing. If and 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.