Investor Alleges William Morrison Recommended Unsuitable Use of Margin

William Morrison (CRD #: 1556786), a broker registered with B. Riley Wealth Management, is involved in an investor dispute, according to his BrokerCheck record, accessed on April 3, 2025. Investors may have also worked with him through B. Riley Wealth Advisors. If you have questions about his alleged conduct as a broker, read on.

Investor Dispute

On February 5, 2025, an investor filed a dispute alleging that William Morrison made an unsuitable recommendation to use margin, and overconcentrated them in the technology sector. The client seeks $100,000 in this pending dispute.

FINRA Rule 2111

FINRA Rule 2111 requires brokers to recommend securities that adequately fit an investor’s financial goals. Investor profiles have information on the investor’s risk tolerance, tax status, age, and financial goals.

Brokers must also consider the investment time horizon and the investor’s liquidity needs – illiquid, long-term investments may not be in a client’s best interests. Similarly, overconcentration in one sector or stock is often an unsuitable investment strategy because it exposes an investor to a high degree of risk.

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

Background Information

William Morrison has passed the following exams:

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

William Morrison is a registered broker in 14 states and a registered investment adviser in Illinois.

He has also worked for the following firms:

• National Securities Corporation (CRD#:7569)
• Oppenheimer & Company (CRD#:249)
• Stifel, Nicolaus & Company (CRD#:793)
• Ryan Beck & Company (CRD#:3248)
• Gruntal & Company (CRD#:372)
• Lehman Brothers (CRD#:7506)
• Talley, McNeil & Tormey (CRD#:16528)
• Value Equities Corporation (CRD#:13316)
• Baraban Securities (CRD#:7659)

Kurta Law Can Help

If you worked with William Morrison 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.