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Bill Horak Allegedly Negligently Recommended GWG L Bond

Bill Horak (CRD #: 1462594), a broker registered with Purshe Kaplan Sterling Investments, allegedly breached his contract, according to his BrokerCheck record, accessed on January 25, 2023. Investors may have also engaged his services through Wealth Management Corporation. If you have questions about his alleged conduct as a broker, read on.

Investor Dispute

On November 22, 2022, multiple investors alleged that Bill Horak breached his contract and engaged in negligence with regard to certain GWG Holdings L bonds. The clients seek $160,000 in damages in this pending dispute.

FINRA Rule 2010

FINRA Rule 2010 holds brokers to high standards of commercial honor and just and equitable principles of trade.

What qualifies as broker negligence?

Many forms of broker misconduct may qualify as negligence. Typical examples include misrepresentations or omissions of material fact, unsuitable investment recommendations, and unauthorized trading.

Investors who feel their losses are the result of broker negligence may be able to recover their funds by pursuing FINRA arbitration.

Background Information

Bill Horak has passed the following exams:

  • Series 63 – Uniform Securities Agent State Law Examination
  • SIE – Securities Industry Essentials Examination
  • Series 7 – General Securities Representative Examination
  • Series 24 – General Securities Principal Examination

Bill Horak is a registered broker in 11 states and a registered investment adviser in Florida, Georgia, North Carolina, and Texas.

He has also worked for the following firms:

  • Nationwide Investment Services (CRD#:7110)
  • FSC Securities (CRD#:7461)
  • Boardwalk Capital Corporation (CRD#:10279)
  • Integrated Resources Equity Corporation (CRD#:6403)
  • Waddell & Reed (CRD#:866)

Kurta Law Can Help

If you worked with Bill Horak and you have concerns about your investments, please contact us today at 877-600-0098 or for a free consultation.

For over 20 years, Kurta Law has advocated on behalf of investors who want to recover their investment losses from brokers and brokerage firms. Kurta Law is a nationally recognized law firm and exclusively represents investors against brokers and brokerage firms on a contingency basis. This means that the firm only earns a fee if our securities attorneys recover money on your behalf.