William Lefkowitz Faced B. Riley Wealth Management Investor’s Unsuitable Advice Dispute

Investors potentially incurred losses because of securities broker William Lefkowitz [CRD: 1170503, Livingston, New Jersey], based on disclosures on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Lefkowitz worked for National Securities Corporation from November 17, 2012, to July 22, 2022, and later joined B. Riley Wealth Management on July 22, 2022, where he remains registered. Readers should continue reviewing the information below to learn more about the client disputes reported concerning Lefkowitz’s sales practices.

B. Riley Wealth Management Investor Accused Lefkowitz Of Unsuitable Recommendations

Particularly, on January 2, 2025, a B. Riley Wealth Management client filed FINRA Arbitration No. 24-02661 regarding William Lefkowitz. Mainly, the client alleged that Lefkowitz made unsuitable recommendations. Because of this, the client allegedly sustained damages connected to stocks. Therefore, the client requested $152,235 in compensation from B. Riley Wealth Management or Lefkowitz. It appears that this arbitration is pending a resolution.

William Lefkowitz Disclosed Excessive Commissions Allegations By B. Riley Wealth Management Client

Evidently, a client of B. Riley Wealth Management contested Lefkowitz’s sales practices by filing FINRA Arbitration No. 25-02034 on September 24, 2025. Allegedly, Lefkowitz charged excessive commissions. It appears that Lefkowitz allegedly caused the client to experience damages associated with options. As a result, the client seeks compensation from B. Riley Wealth Management or Lefkowitz in the amount of $1,000,000 in this ongoing matter.

Regulator Sanctioned Lefkowitz For Failure To Supervise

Specifically, on June 28, 2012, FINRA issued Case: 2011027593201 sanctioning William Lefkowitz for supervisory failures. Specifically, Lefkowitz was fined $5,000 and suspended from association with any FINRA member in any principal capacity for 30 days. Notably, FINRA alleged that Lefkowitz failed to reasonably supervise a registered representative by not adequately following up on warning signs of potential misconduct involving unauthorized stock trades in a client account, including trades inconsistent with the client’s history, unpaid margin purchases, failure to request Regulation T extensions, and not contacting the client to verify authorization, which allowed similar unpaid transactions to occur more than once while Lefkowitz was a principal at VFinance Investments Inc.

William Lefkowitz Disclosed Negligence And Misrepresentation Allegations By VFinance Investments Inc Client

Notably, a client of VFinance Investments Inc disputed Lefkowitz’s sales practices by filing FINRA Arbitration No. 12-01288. Allegedly, Lefkowitz made misrepresentations and was negligent in connection with stock transactions. It appears that Lefkowitz allegedly caused the client to sustain damages relating to stocks. Consequently, VFinance Investments Inc opted to settle the matter on April 26, 2012, by compensating the client in the amount of $9,000.

Were You Impacted By Financial Advisor / Securities Broker Lefkowitz?

Are you concerned regarding investments you made through William Lefkowitz? You can contact Soreide Law Group at (888) 760-6552 or online and talk with a securities lawyer regarding a possible recovery of your investment losses. Soreide Law Group has recovered losses for investors throughout the United States. Also, the firm takes cases on a contingency fee arrangement and advances all costs. Lefkowitz and brokerage firms Lefkowitz worked for deny accusations of sales practice violations.