William Harvey is the Subject of a Six-Figure Dispute

William Harvey (CRD #:2398782), a broker registered with Janney Montgomery Scott, is the subject of an investor dispute. This disclosure appears on his BrokerCheck record, accessed on April 26, 2024. Keep reading if you have questions regarding his alleged conduct.

Investor Allegations 

On February 27, 2024, investors alleged William Harvey recommended unsuitable, long-term fixed income products. The investor is seeking $499,000. 

FINRA Rule 2111 – Unsuitable, Long-Term Investments

FINRA Rule 2111 defines suitable investments as securities that fit an investor’s profile. Investor profiles have information on the investor’s age, risk tolerance, tax status, investing experience, and financial goals. Brokers must also consider the investment time horizon and the investor’s liquidity needs – illiquid, long-term investments often do not suit a client’s best interests. 

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

Background Information 

William Harvey has passed the following exams: 

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

He is a registered broker in 34 states and D.C. He is a registered investment adviser in California, Pennsylvania, and Texas. 

During his 30 years of experience, William Harvey has registered with three firms: 

• Janney Montgomery (CRD #: 463) 
• Legg Mason Wood Walker (CRD #: 6555) 
• L.C. Wegard & Co. (CRD #: 3722) 

Kurta Law Can Help 

If you have worked with William Harvey and have concerns about your investments, do not hesitate to contact us at 877-600-0098 or email info@kurtalawfirm.com for a free consultation. 

For nearly 20 years, Kurta Law has advocated for investors to recover their investment losses from brokers and brokerage firms. Kurta Law is a nationally recognized law firm that 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. Do not let securities fraud go unchecked. Start your recovery process today.