Publicly available records provided by the Financial Industry Regulatory Authority (FINRA) on August 1, 2016 indicate that Texas-based Merrill Lynch broker/adviser William Leven has been the subject of numerous customer complaints. The securities and investment fraud law firm Fitapelli Kurta is interested in hearing from investors who have complaints regarding Mr. Leven (CRD# 2229129).
William Leven has spent 22 years in the securities industry and has been registered with Merrill Lynch in Houston, Texas since July 2015. Previous registrations include UBS Financial Services in Houston, Texas; Oppenheimer & Company in New York, New York; CIBC World Markets in New York, New York; and Goldman Sachs in New York, New York. He is a registered broker and investment adviser with 23 US states and territories.
According to his BrokerCheck report, William Leven has received five customer complaints.
In 2009, a customer alleged William Leven, while employed at UBS Financial Services, recommended an unsuitable structured product. The complaint settled in 2011 for $200,000.
In 2009, a customer alleged William Leven, while employed at UBS Financial Services, recommended an unsuitable Lehman structured product.
In 2009, a customer alleged William Leven, while employed at UBS Financial Services, did not disclose the risks of a structured product. The complaint settled in 2010 for $950,000.
In 2008, a customer alleged William Leven, while employed at UBS Financial Services, misled him in connection to an auction rate securities investment. The complaint settled for $9,750,000.
Exchange traded funds, or ETFs, are a popular way for investors to diversify their holdings. They contain a portfolio of shares that track market indices like the Dow Jones or the S&P 500; alternately, they may follow only a particular segment of the market. An ETF, for instance, might contain shares of energy or pharmaceutical companies. If one of those particular indexes is performing well, the corresponding exchange traded fund will mirror that trend. It will also parallel a downward trend, unfortunately, and significant losses may result for people who have invested in it. Investment professionals who recommend unsuitable ETFs may be subject to disciplinary action by FINRA or the Securities and Exchange Commission.
If you or someone you know has a complaint regarding William Leven call the securities and investment fraud law firm Fitapelli Kurta at 877-238-4175 for a free consultation. You may be eligible to recoup losses. Fitapelli Kurta accepts every case on contingency: we only get paid if and when you collect money. Time to file your claim may be limited, so we recommend you avoid delay. Call 877-238-4175 now to speak to an attorney for free.