DID WILLIAM FRANKLIN RICHARDSON CAUSE YOU INVESTMENT LOSSES?
William Richardson Of Avantax Investment Services, Avantax Advisory Services And Formerly With Securities America, Securities America Advisors, and Investacorp Advisory Services Has 6 Customer Complaints For Alleged Broker Misconduct
Who is William Richardson of Avantax Investment Services?
William Richardson (CRD #721293) who is currently registered with Avantax Investment Services, Avantax Advisory Services and located in Houston, Texas is a subject of one of our many securities industry sales practice abuse investigations. Prior to Avantax Investment Services, Avantax Advisory Services, William Richardson was associated with Securities America, Securities America Advisors, and Investacorp Advisory Services and other investment advisory and brokerage firms with a history of customer complaints and securities industry regulatory problems.
William Richardson Customer Complaints
William Richardson has been the subject of 6 customer complaints that we know about, one of those complaints was filed in the last year to recover investment losses. Two of William Richardson’s 6 customer complaints were settled in favor of investors. Three of William Richardson’s customers complaints were denied and, to date, the customers had not taken any further action. There is currently one pending customer complaint filed against Investacorp for investment losses caused by William Richardson’s alleged misconduct.
Allegations Against William Richardson
A sample of the allegations made in the FINRA reported arbitration claim settlements and/or pending complaints for investment losses are as follows:
- Claimants alleged that the investments were unsuitable at the time of sale.
- After electing to invest in REITs and BDCs, Claimant alleged that the investments made by William Richardson were unsuitable.
- Client alleged William Richardson was negligent in calculating RMD which resulted in resetting of annuity benefit amount.
- Client alleged that a variable annuity purchased was unsuitable and misrepresented by William Richardson.
- Client alleged that her age of 73 was overlooked by William Richardson and the investment is inappropriate for her.
- The client alleged the limited partnership investment he purchased from William Richardson was not suitable.
William Richardson Red Flags & Your Rights As An Investor
Of course, William Richardson 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 Richardson at Avantax Investment Services, Avantax Advisory Services, Securities America, Securities America Advisors, and Investacorp Advisory Services on alert to review carefully the activity and performance of their accounts and question whether William Richardson has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at Avantax Investment Services, Avantax Advisory Services, Securities America, Securities America Advisors, and Investacorp Advisory Services 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.
File A Claim To Recover Your Investment Losses At Avantax Investment Services and Securities America Due To William Richardson
If you have questions about Avantax Investment Services, Avantax Advisory Services, Securities America, Securities America Advisors, Investacorp Advisory Services, and/or William Richardson 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.