The securities and investment fraud law firm Fitapelli Kurta is interested in speaking to investors who have complaints regarding California-based Wedbush broker/adviser William Heiden, also known as Mark Heiden (CRD# 2885156).
William Mark Heiden has spent eighteen years in the securities industry and has been registered with Wedbush Securities in Newport Beach, California since 2013. Previous registrations include Morgan Stanley in Newport Beach, California (2009-2013); Morgan Stanley & Company in Newport Beach, California (2007-2009); RBC Dain Rauscher in Newport Beach, California (2002-2007); Sutro & Company in San Francisco, California (2000-2002); and Crowell Weedon & Company in Los Angeles, California (1997-2000). He is a registered broker and investment adviser in 23 US states and territories.
According to his BrokerCheck report, William Mark Heiden is the subject of one customer complaint and one pending customer complaint.
In 2015 a customer alleged William Mark Heiden, while employed at Wedbush Securities, executed unsuitable trades, made unauthorized transactions, falsified documents, and misrepresented and omitted material facts related to an investment. The customer is seeking $1,500,000 in damages in the pending complaint.
In 2000 a customer alleged William Mark Heiden, while employed at Crowell Weedon & Company, failed to execute a limit sell order. The complaint settled for $9,000.
FINRA rules and federal securities law prohibit brokers like William Mark Heiden from effecting transactions without a client’s permission or authorization. Exceptions include discretionary accounts and, in some circumstances, margin accounts. Brokers, investment advisers, and brokerage firms who engage in unauthorized trading may be subject to disciplinary action by FINRA or the Securities and Exchange Commission.
If you have suffered losses while investing with William Heiden, also known as W. Mark Heiden, you may be entitled to a recovery. Call the securities and investment fraud law firm Fitapelli Kurta at 877-238-4175 for a free consultation. All cases are taken on contingency: we only get paid if and when you collect money. Time to file your claim may be limited, so we suggest you avoid delay. Call 877-238-4175 now to speak to an attorney for free.