Published on:

William Heiden Was Recently Named in a FINRA Investigation

William HeidenPublic records published by the Financial Industry Regulatory Authority (FINRA) and accessed on April 17, 2018 indicate that California-based Wedbush Securities broker/adviser William Heiden has been involved in resolved or pending customer disputes and was recently named in a pending FINRA investigation. Fitapelli Kurta is interested in speaking to investors who have complaints regarding Mr. Heiden (CRD# 2885156).

William Heiden has spent 20 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 has passed four securities industry examinations: Series 66 (Uniform Combined State Law Examination), which he obtained on July 20, 2005; Series 63 (Uniform Securities Agent State Law Examination), which he obtained on June 20, 1997; Series 31 (Futures Managed Funds Examination), which he obtained on March 4, 2011; and Series 7 (General Securities Representative Examination), which he obtained on June 16, 1997. He is a registered broker and investment adviser with 19 US states: Arizona, California, Colorado, Connecticut, Florida, Idaho, Illinois, Iowa, Michigan, Minnesota, Missouri, Nevada, New Mexico, New York, North Carolina, South Carolina, Texas, Utah, and Washington.

According to his BrokerCheck report, he has received seven customer complaints and three pending customer complaints, and he was recently named in a FINRA investigation into alleged rule violations.

In March 2018 he was named in a FINRA investigation into allegations of unauthorized trades executed in violation of FINRA Rule 2010. The investigation remains pending.

In 2017 a customer alleged William Heiden, while employed at Wedbush Securities, recommended unsuitable investments in a Clearbridge American Energy MLP, failed to treat the customer in a just and equitable manner, acted negligently, and breached his fiduciary duty. The complaint settled for $23,500.

In 2017 a customer alleged William Heiden, while employed at Wedbush Securities and Morgan Stanley, recommended unsuitable investments. The complaint settled in January 2018 for $350,000.

In 2016 a customer alleged William Heiden, while employed at Wedbush Securities, recommended unsuitable investments, breached his fiduciary duty, executed unauthorized trades, committed fraud, and participated in wrongful, intentional, fraudulent and deceptive activities. The complaint settled in July 2017 for $353,000.

In 2016 a customer alleged he, while employed at Wedbush Securities, breached his fiduciary duty, committed fraud, misrepresented and omitted material facts, and failed in his supervisory duties. The complaint settled in August 2017 for $630,000.

If you or someone you know has lost money investing with William Heiden, call the experienced attorneys at Fitapelli Kurta at 877-238-4175 for a free consultation. You may be eligible to recoup your losses. Fitapelli Kurta accepts all cases on a contingency basis: we only get paid if and when you collect money. Time to file your claim may be limited, so we encourage you to avoid delay. Call 877-238-4175 now to speak to an attorney for free.