Investor Alleges William Duffy Made Unsuitable Investment Recommendations

Will Duffy (CRD #: 6726333), a broker previously registered with Innovation Partners, allegedly recommended unsuitable investments, according to his BrokerCheck record, accessed on September 8, 2025. Investors may have also worked with him through ShareNett Securities, Direct Source Wealth Advisory, or WD Wealth Strategies. Read on to learn more about his alleged conduct as a broker.

Investor Disputes

On June 24, 2025, an investor alleged that Will Duffy engaged in negligence and negligent misrepresentation. The investor further alleged overconcentration and a violation of Regulation Best Interest. The investor is seeking $400,000. 

On January 23, 2025, an investor alleged fraud in in offer or sale of securities. 

According to allegations filed on October 17, 2025, Will Duffy breached Regulation Best Interest and made misrepresentations. The investor is seeking $120,000. 

On October 20, 2022, an investor alleged that Will Duffy gave unsuitable investment recommendations. The client seeks $100,000 in this pending dispute.

Negligence

Many types of broker misconduct may qualify as negligence. Typical examples include unsuitable investment recommendations, misrepresentations or omissions of material facts, and failure to follow instructions.

Investors who believe their losses are the result of broker negligence may be able to recover their funds through FINRA arbitration.

What is Regulation Best Interest? 

Regulation Best Interest expands on the requirements of FINRA Rule 2111, which defines suitable investment recommendations. In addition to limiting their recommendations to investments that suit their investors’ needs, brokerage firms must also uphold a Duty of Care, the Conflict of Interest Obligation, and the Disclosure Obligation. These obligations and duties require brokerage firms to disclose conflicts of interest. Firms must also research the market for investments that could offer similar benefits at a lower cost prior to making a recommendation.

FINRA Rule 2020 – Misrepresentation

FINRA Rule 2020 prohibits the misrepresentation of investments and omission of material facts. Material facts include information about an investment’s potential returns, as well as charges, expenses, and fees. Brokers must alway sdisclose the risks associated with illiquid investments, such as early withdrawal fees.

Background Information

Will Duffy has passed the following exams:

• Series 65 – Uniform Investment Adviser Law Examination
• Series 63 – Uniform Securities Agent State Law Examination
• Series 7TO – General Securities Representative Examination
• SIE – Securities Industry Essentials Examination
• Series 22 – Direct Participation Programs Representative Examination

Will Duffy is a registered broker in all 50 states, the District of Columbia, Puerto Rico, and the Virgin Islands. He is also a registered investment adviser in Puerto Rico.

He has also worked for the following firms:

• Emerson Equity (CRD#:130032)
• Accelerated Wealth Advisors (CRD#:170022)
• Kingstone Capital Partners Texas (CRD#:281593)

Kurta Law Can Help

If you worked with Will Duffy and you have concerns about your investments, please contact us today at 877-600-0098 or info@kurtalawfirm.com 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.