William Randall Supposedly Breached Fiduciary Duty

Breach Of Fiduciary Duty Alleged In Dispute About William Randall

Soreide Law Group is examining possible investor lawsuits against securities broker William Perry Randall (CRD#: 1392233, Rockford Illinois). The Financial Industry Regulatory Authority (“FINRA”) reports that at least two investors disputed Randall’s sales practices. These disputes raise allegations of breach of fiduciary duty and suitability. Here is more on the allegations and what you could do if you sustained damages from Randall.

LPL Financial Brings Lawsuit About William Randall’s BDC Recommendations

Evidently, a client of LPL Financial brought a dispute about William Randall in June 2020. Mainly, the client indicated that they wanted to purchase low-risk securities but Randall caused them to invest in risky investments that caused damages.
Supposedly, the client experienced losses from investing in FS Energy and Power (“FSEP”) and Corporate Capital Trust from 2013 to 2020. Also, purchases of these business development companies (BDCs) purportedly reflected a breach of fiduciary duty and breach of contract on William Randall’s part. Moreover, LPL Financial supposedly failed to supervise the broker’s actions. Because of this, the client demanded $40,000 in damages. This matter is awaiting a resolution.

First Union Securities Client Indicates That Randall Sold Unsuitable Investments

The second dispute reported on FINRA BrokerCheck comes from a client of First Union Securities (now known as Wells Fargo). Specifically, the client alleged that William Randall made bad corporate bond investments in their account while acting as the client’s financial advisor. In addition, First Union Securities purportedly failed to supervise Randall. Evidently, the client received compensation to settle this matter.

Did William Randall Sell You Inappropriate Investments?

Did you invest in bad investments through William Randall? If so, get in touch with Soreide Law Group at (888) 760-6552 where you can speak with an experienced lawyer about a possible recovery. Keep in mind that Soreide Law Group represents clients on a contingency fee basis and advances all costs. We have recovered millions of dollars for investors who have suffered losses from the misconduct of financial advisors and securities brokers. Randall seemingly denies all allegations of his sales practice violations.