| Read Time: 2 minutes | News & Articles | Wedbush Securities Complaints |


William Heiden Formerly With Wedbush Securities Inc. Has 18 Customer Complaints For Alleged Broker Misconduct

Who is William Heiden formerly with Wedbush Securities Inc.?

William Heiden

William Heiden (CRD #2885156) who was formerly registered with Wedbush Securities Inc. and located in Newport Beach, California, is a subject of one of our many securities industry sales practice abuse investigations. Prior to Wedbush Securities Inc., William Heiden was associated with other investment advisory and brokerage firms with a history of customer complaints and securities industry regulatory problems. William Heiden has had his own regulatory problems. In 2019, he consented to a FINRA sanction of six-month suspension, restitution and fined for alleged misconduct.

Investment Losses? Let’s talk.

or, give us a ring at (800) 732-2889.

William Heiden Customer Complaints

William Heiden has been the subject of 18 customer complaints that we know about to recover investment losses. Seventeen of the customer complaints were settled in favor of the investors. The brokerage firm only denied one of the customer complaints and no further action was taken.

Allegations Against William Heiden

A sample of the allegations made in the FINRA reported arbitration claim settlements and/or pending complaints for investment losses are as follows:

  • Failure to execute sell order.
  • Unsuitable and unauthorized trading.
  • Breach of fiduciary duty, constructive fraud, misrepresentation and omission in violation of state and federal securities laws.
  • Breach of fiduciary duty and fraud.
  • Financial elder abuse.
  • A breach of fiduciary duty and fraud related to oil and gas in of the limited partnership investments.
  • Breach of fiduciary duty, negligence, abuse of margin and concentration and unsuitable investments.

William Heiden Red Flags & Your Rights As An Investor

Of course, William Heiden 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 Heiden at Wedbush Securities Inc. on alert to review carefully the activity and performance of their accounts and question whether William Heiden has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at Wedbush Securities Inc. also raises questions about the brokerage firm’s 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?

best investment fraud lawyers

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 Wedbush Securities Inc. Due To William Heiden

If you have questions about Wedbush Securities Inc. and/or William Heiden 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.

Author Photo

Robert Wayne Pearce

Robert Wayne Pearce of The Law Offices of Robert Wayne Pearce, P.A. has been a trial attorney for more than 40 years and has helped recover over $170 million dollars for his clients. During that time, he developed a well-respected and highly accomplished legal career representing investors and brokers in disputes with one another and the government and industry regulators. To speak with Attorney Pearce, call (800) 732-2889 or Contact Us online for a FREE INITIAL CONSULTATION with Attorney Pearce about your case.

Rate this Post

1 Star2 Stars3 Stars4 Stars5 Stars