Broker William Herf Possibly Gave Bad Advice, Failed To Follow Instructions

The investment loss recovery attorneys at Soreide Law Group provide you an update regarding troubled securities broker William Reilley Herf (CRD#: 2978220, Scottsdale, Arizona). Apparently, no less than three of Herf’s clients complained about his sales practices according to the broker’s Financial Industry Regulatory Authority (“FINRA”) BrokerCheck Report. Notably, these disputes suggest that Herf made bad recommendations. It also appears that he caused clients to experience losses. Here’s more.

RBC Capital Markets Client Indicates William Herf Failed To Follow Instructions

Evidently, William Herf joined RBC Capital Markets in November 2019 as a securities broker and financial advisor. Apparently, a client of RBC Capital Markets brought a complaint to the firm’s attention in May 2020. Supposedly, Herf was the client’s financial advisor at RBC Capital Markets. It appears that he failed to follow instructions which the client provided to him in March 2020. Specifically, the client told Herf to liquidate an investment account but Herf did not comply. For this reason, the client seeks $97,000 in compensatory relief in this ongoing matter.

Stifel Nicolaus Client Indicates That Herf Made Unsuitable Trades

Notably, William Herf was a Stifel Nicolaus financial advisor and securities broker from March 2018 to November 2019. Evidently, a client of Stifel Nicolaus took aim at Herf with a complaint in December 2018. Particularly, the client contends that the registered representative invested the client in risky mutual funds. It seems Herf may have failed to take into account the client’s risk tolerance, objectives, experience, among other things. For this reason, to offset losses on mutual fund trades, the client asked for $130,000 in compensation. However, Stifel Nicolaus denied this complaint in January 2019.

William Herf Supposedly Recommends Bad Investments To B.C. Ziegler Client

Also, FINRA BrokerCheck shows that William Herf worked for B.C. Ziegler in various capacities from 2002 to 2018. Apparently, a client of B.C. Ziegler Company brought a FINRA Arbitration Claim about Herf. Supposedly, Herf provided unreasonable and unsuitable investment advice to this client about a private placement. It seems that Herf sold the client an investment that was inappropriate. Because of this, the securities firm paid the client $42,500 in order to settle this FINRA Arbitration Claim.

FINRA BrokerCheck indicates that William Herf denies all allegations of misconduct.

Did Herf Sell You Bad Investments?Lars Soreide AVVO 2020 Top Lawyer

Have you experienced losses by investing with a securities broker or financial advisor named William Herf? If you have, contact Soreide Law Group at (888) 760-6552 and speak with experienced counsel concerning a potential recovery of your investment losses. Soreide Law Group provides representation to clients on a contingency fee basis and advances costs. The law firm has recovered millions of dollars for clients who have experienced losses due to misconduct of securities brokers like Herf.