DID WILLIAM LIEF COLLINS CAUSE YOU INVESTMENT LOSSES?
William Collins Of Cetera Advisor Networks LLC Has 4 Customer Complaints For Alleged Broker Misconduct
About William Collins of Cetera Advisor Networks LLC?
William Collins (CRD #2787822) is currently employed by Cetera Advisor Networks LLC as a registered broker and Cetera Investment Advisers LLC as an investment advisor in Farmington Hills, Michigan, having joined these firms in November 2023. His career spans several notable firms, including Morgan Stanley and Wells Fargo Advisors, with a history of registrations dating back to 1996. Collins is licensed in five U.S. states and has passed three general industry/product exams along with two multi-state securities law exams. His broad registration history and substantial experience in the securities industry reflect a seasoned professional background.
Investment Losses? Let’s talk.or, give us a ring at (800) 732-2889.
William Collins Customer Complaints and Reviews
William Lief Collins’s FINRA report includes several customer disputes:
- Customer Dispute 1 (Resolved January 2024): Allegations of unauthorized and excessive trading involving options were reported, with a verbal complaint settled for $225,000, though Collins did not contribute to the settlement.
- Customer Dispute 2 (Resolved February 2021): Another claim involved unauthorized trading with allegations specifically pointing to equity and options investments, settled for $75,000, again with no financial contribution from Collins.
- Customer Dispute 3 (Resolved November 2016): A dispute from March 2016 involved allegations of unauthorized trading over a period from October 2014 to February 2015, with a settlement amount of $8,973.25, and no contribution from Collins.
Allegations Against William Collins
- Unauthorized Trading: Across multiple disputes, Collins faced allegations of unauthorized trading, highlighting a pattern of claims related to trading without client authorization.
- Excessive Trading: Alongside unauthorized trading, excessive trading claims suggest a potential pattern of high transaction volumes that may not have aligned with client interests or investment objectives.
- Failure to Adhere to Client Investment Profiles: Some disputes hint at investments not being aligned with the clients’ knowledge or risk profiles, suggesting a disregard for appropriate client suitability assessments.
William Collins Red Flags & Your Rights As An Investor
Of course, William Collins did not admit to any of the allegations. But regardless of whether an arbitration award was entered, a settlement occurred, or the customer complaint is still pending, the allegations made by customers are red flags which should put all current and former customers of William Collins at Cetera Advisor Networks LLC on alert to review carefully the activity and performance of their accounts and question whether William Collins has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at Cetera Advisor Networks LLC also raises questions about the brokerage firms’ supervisory practices. If these red flags raise questions, call us and we will inform you of your rights as an investor.
Did You Lose Money Because of Broker Misconduct?
If you have lost money due to negligence or fraud by a stockbroker or advisor, the easiest way to know if you have a case is to call our office at 800-732-2889. Our investment fraud attorneys will evaluate your claim for free and let you know if we can help you recover your losses.
Need Legal Help? Let’s talk.or, give us a ring at 561-338-0037.
File A Claim To Recover Your Investment Losses At Cetera Advisor Networks LLC Due To William Collins
If you have questions about Cetera Advisor Networks LLC and/or William Collins and the management or performance of your accounts, please contact Attorney Pearce for a free initial consultation via email or Toll Free at 1-800-732-2889.
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