Understanding the Impact of Unauthorized and Excessive Trading on Investors
William Lief Collins, also knows as Bill Collins, based in Farmington Hills, Michigan, has been the subject of multiple investor complaints. These complaints allege unauthorized and excessive trading practices which have raised concerns among investors. Collins is currently associated with Cetera Advisor Networks and additionally represents Horizon Adviser.
The severity of the situation is highlighted by the settlements reached in response to the complaints filed against Collins. Notably, one complaint from January 2024 alleged unauthorized and excessive trading during his time at Morgan Stanley, resulting in a settlement of $225,000. Another investor, back in 2020, also alleged unauthorized trading, culminating in a settlement of $75,000 the following year. Although Collins has denied these allegations, the settlements reflect the gravity of the accusations.
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Further emphasizing the potential risks to investors, a third complaint lodged in 2016 accused Collins of unauthorized trading involving variable annuity and stock products, which was settled for $8,973.25. These incidents serve as a sobering reminder of the importance of vigilance and due diligence in investment management.
At Meyer Wilson, we advocate for transparency and accountability within the financial services industry. Should you or someone you know suffer from investment losses due to the actions of a financial advisor, our team is here to offer support and guidance. We specialize in claims against financial advisors and investment firms, protecting the rights and interests of investors across the United States.
Our lawyers are nationwide leaders in investment fraud cases.
If you have experienced investment losses and need assistance, please do not hesitate to reach out to us at 866-938-2021 or visit our website at investorclaims.com for a free and confidential consultation. Trust in our expertise to help you navigate through these challenging circumstances and work towards a resolution that upholds your best interests.
Investment loss can be a distressing experience, but you don’t have to face it alone. Contact Meyer Wilson today, and let us stand by your side in pursuit of the justice and restitution you deserve.
Written by: David Meyer, Esq.
Recovering Losses Caused by Investment Misconduct.