William Borleis Allegedly Facilitated Unsuitable Investment

William Borleis (CRD #: 2285245), a broker registered with Arete Wealth Management, is the subject of a pending investor dispute, according to his BrokerCheck record, accessed on April 20, 2023. Investors may have also engaged his services through Arete Wealth Advisors. If you want to know more about his alleged conduct as a broker, keep reading.

Investor Dispute

In a dispute filed on March 16, 2023, an investor alleged that William Borleis facilitated an unsuitable investment. The client seeks $100,000 in damages in this pending dispute.

FINRA Rule 2111

FINRA Rule 2111 requires brokers to evaluate whether an investment fits their investor’s financial goals. Brokers must use the information in an investor’s profile, such as their age, tax status, and risk tolerance when making recommendations.

Investors who rely on brokers for recommendations may be able to recover their losses by pursuing FINRA arbitration.

Background Information

William Borleis has passed the following exams:

• Series 65 – Uniform Investment Adviser Law Examination
• Series 63 – Uniform Securities Agent State Law Examination
• SIE – Securities Industry Essentials Examination
• Series 7 – General Securities Representative Examination
• Series 31 – Futures Managed Funds Examination
• Series 6 – Investment Company Products/Variable Contracts Representative Examination

William Borleis is a registered broker and a registered investment adviser in Alabama, Florida, Tennessee, and Wisconsin.

He has also worked for the following firms:

• Center Street Securities (CRD#:26898)
• FSC Securities (CRD#:7461)
• LPL Financial (CRD#:6413)
• Compass Advisory Partners (CRD#:119377)
• AXA Advisors (CRD#:6627)
• MML Investors Services (CRD#:10409)
• American General Securities (CRD#:13626)
• New England Securities (CRD#:615)
• Mimlic Sales Corporation (CRD#:15296)

Kurta Law Can Help

If you worked with William Borleis 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.