William Morris Named in GWG L Bond Dispute

William Morris (CRD #: 1793507), a broker registered with Cape Securities, allegedly recommended an unsuitable investment, according to his BrokerCheck record, accessed on August 31, 2025. Investors may have also worked with him through Cape Investment Advisory. Keep reading if you have questions about his alleged conduct as a broker.

Investor Dispute

On June 23, 2025, an investor alleged that William Morris recommended GWG Holdings L Bonds, and that the company’s bankruptcy in 2022 resulted in a loss on her investments. She sought $200,000 in damages and received a settlement of $100,000.

FINRA Rule 2111

FINRA Rule 2111 requires brokers to tailor their investment recommendations to suit investors’ profiles. These profiles contain information such as investors’ age, risk tolerance, and investment goals.

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

Background Information

William Morris has passed the following exams:

• Securities Industry Essentials Examination – SIE
• General Securities Representative Examination – Series 7
• National Commodity Futures Examination – Series 3
• Uniform Investment Adviser Law Examination – Series 65
• Uniform Securities Agent State Law Examination – Series 63

William Morris is a registered broker in eight states and a registered investment adviser in Florida.

He has also worked for the following firms:

• Calton & Associates (CRD#:20999)
• Invest Financial Corporation (CRD#:12984)
• InterSecurities (CRD#:16164)
• Merrill Lynch, Pierce, Fenner & Smith (CRD#:7691)
• Intrepid Securities (CRD#:19311)
• Securities America (CRD#:10205)
• Geldermann Securities (CRD#:6731)
• Gerald Financial Corporation (CRD#:22533)
• Haigh Brokerage Group (CRD#:21039) 

Kurta Law Can Help

If you worked with William Morris 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 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.