Did You Lose Money Because of William Morrow?
Filed: February 15, 2024
William Morrow (also known as Aubrey Morrow) has been the subject of fourteen (14) customer complaints and one (1) termination event. As an investor, you may be entitled to compensation for losses accrued due to mismanagement of your investments.
Let’s begin our Patil Law Advisor Alert with a summary report on William Aubrey Morrow.
Who Is William Aubrey Morrow of Concorde Investment Services, LLC and Concorde Asset Management, LLC?
- Advisor Name: William Aubrey Morrow
- Aliases: W Aubrey Morrow, Aubrey Morrow
- CRD: 836500
- Location: San Diego, California
- Current Employer: Concorde Investment Services, LLC and Concorde Asset Management, LLC
- Previous Firms: Independent Financial Group, LLC and Financial Designs Ltd.
- Number of Known Customer Complaints: 14
- Number of Known Termination Events: 1
- Can William Morrow Be Sued: Yes, in Private Arbitration
- Can William Morrow’s Employers Be Sued For Failing to Supervise Actions: Yes, in Private Arbitration
- Highest Damages Allegation: $3,000,000
- Highest Settlement: $450,000
If you have suffered investment losses by William Morrow, we strongly encourage you to exercise your rights to experienced legal representation. Recover what is owed to you by retaining a stockbroker fraud lawyer. Reach out to the legal team at Patil Law, P.C. via the secure online form or call the firm directly toll-free at 1-800-950-6553.
Customer Complaints Filed Against William Morrow For Broker Misconduct
As of this publication date, William Morrow has been the subject of 14 customer disputes and 1 termination event. Let’s review them below.
In May 2023, a complaint was filed against or in reference to William Morrow by a customer of Independent Financial Group, LLC alleging poor recommendation of investments made in approximately 2012.
In May 2020, a FINRA arbitration was filed against or in reference to William Morrow by a customer of Independent Financial Group, LLC alleging that investments were high risk and not in line with their stated objectives and risk tolerance. Per the customer, he/she lost over $100,000 because of Morrow’s actions. On October 4, 2023, Morrow settled the claim for $55,000, and some or all of this amount may have been paid by Morrow’s employer and/or insurance carrier.
In February 2015, a FINRA arbitration was filed against or in reference to William Morrow by a customer of Independent Financial Group, LLC alleging unsuitability, breach of fiduciary duty, common law fraud, breach of contract, violation of California Securities Act, negligent supervision, sale of unregistered securities in connection with tenant in common (TIC) investments purchased in 2006. Per the customer, he/she lost over $730,000 because of Morrow’s actions. On April 29, 2016, Morrow settled the claim for $100,000, and some or all of this amount may have been paid by Morrow’s employer and/or insurance carrier.
In November 2012, a FINRA arbitration was filed against or in reference to William Morrow by a customer of Independent Financial Group, LLC alleging unsuitable transactions, omissions, misrepresentation, breach of contractual, and fiduciary duties. Per the customer, he/she lost over $1,452,659 because of Morrow’s actions. On January 3, 2014, Morrow settled the claim for $380,000, and some or all of this amount may have been paid by Morrow’s employer and/or insurance carrier.
In April 2012, a FINRA arbitration was filed against or in reference to William Morrow by a customer of Independent Financial Group, LLC alleging violation of Federal & State securities laws, negligence, unsuitable recommendation, breach of fiduciary duty in connection with 2 tenants in common investments purchased in 2008. Per the customer, he/she lost over $1,100,000 because of Morrow’s actions. On July 17, 2013, Morrow settled the claim for $75,000, and some or all of this amount may have been paid by Morrow’s employer and/or insurance carrier.
In December 2011, a FINRA arbitration was filed against or in reference to William Morrow by multiple customers of Independent Financial Group, LLC alleging breach of fiduciary duty, misrepresentation, negligence, violations of CA corporate code in connection with 2 tenants in common investments purchased in 2007. Per the customers, they lost over $613,310 because of Morrow’s actions. On March 25, 2013, Morrow settled the claim for $250,000, and some or all of this amount may have been paid by Morrow’s employer and/or insurance carrier.
In October 2011, a FINRA arbitration was filed against or in reference to William Morrow by multiple customers of Independent Financial Group, LLC alleging misrepresentation, omissions, unsuitable recommendations, sale of unregistered securities in connection with 2 TIC investments in 2007. Per the customers, they lost over $594,171 because of Morrow’s actions. On July 17, 2013, Morrow settled the claim for $233,000, and some or all of this amount may have been paid by Morrow’s employer and/or insurance carrier.
In January 2011, a FINRA arbitration was filed against or in reference to William Morrow by multiple customers of Independent Financial Group, LLC alleging breach of fiduciary duty, fraud, misrepresentation, professional negligence & violation of suitability rules in connection with a tenant in common investment purchased in 2006. Per the customers, they lost over $796,904 because of Morrow’s actions. On February 23, 2012, Morrow settled the claim for $145,000, and some or all of this amount may have been paid by Morrow’s employer and/or insurance carrier.
In November 2010, a FINRA arbitration was filed against or in reference to William Morrow by a customer of Independent Financial Group, LLC alleging breach of contract, negligence, negligent misrepresentation, breach of fiduciary duty related to real estate investments in 2004. Per the customer, he/she lost over $3,000,000 because of Morrow’s actions. On June 1, 2012, Morrow settled the claim for $150,000, and some or all of this amount may have been paid by Morrow’s employer and/or insurance carrier.
In August 2010, a FINRA arbitration was filed against or in reference to William Morrow by a customer of Independent Financial Group, LLC alleging unsuitability, negligence, breach of fiduciary duty, breach of contract and failure to supervise in connection with 1031 exchange/TIC investments made in 2007 & 2008. Per the customer, he/she lost over $2,111,130 because of Morrow’s actions. On November 18, 2011, Morrow settled the claim for $450,000, and some or all of this amount may have been paid by Morrow’s employer and/or insurance carrier.
In March 2005, a FINRA arbitration was filed against or in reference to William Morrow by a customer of Titan/Value Equities Group, Inc. alleging that the client’s investment in an unsecured note of docuvision on or about March 2, 1998 was unsuitable. Per the customer, he/she lost over $22,000 because of Morrow’s actions. On October 13, 2005, Morrow settled the claim for $6,500, and some or all of this amount may have been paid by Morrow’s employer and/or insurance carrier.
In March 2004, QA3 Financial Corp. terminated William Morrow for submitting business for a product he willingly knew he was not licensed to sell.
In May 2003, a NASD arbitration was filed against or in reference to William Morrow by a customer of QA3 Financial Corp. alleging breach of fiduciary duty, negligence, fraudulent misrepresentations, omissions, and unsuitable recommendation. Per the customer, he/she lost over $400,000 because of Morrow’s actions. An arbitration panel found that William Morrow was negligent and awarded $206,875.01 in favor of the customers.
In October 1993, a NASD arbitration was filed against or in reference to William Morrow by a customer of Titan Value Equities Group, Inc. alleging misrepresentation, fraud, unsuitability, failure to supervise, breach of fiduciary duty with respect to limited partnership, royalty mortgage incomme fund II. The client requested full recission of $25,000 investments, plus punitive damages, interest cost, cost of arbitration and after fee. Per the customer, he/she lost over $25,000 because of Morrow’s actions. An arbitration panel found that William Morrow was negligent and awarded $7,000 in favor of the customers.
In September 1988, a complaint was filed against or in reference to William Morrow alleging violation of Calif corp code: Sec Act of ’34; fraud, etc. Per the customer, he/she lost over $35,537 because of Morrow’s actions. On September 1, 1998, Morrow settled the claim for $35,537, and some or all of this amount may have been paid by Morrow’s employer and/or insurance carrier.
How To File A Claim Against William Morrow of Concorde Investment Services, LLC and Concorde Asset Management, LLC (previously with Independent Financial Group, LLC and Financial Designs Ltd.) To Get Your Money Back
If you have questions about William Morrow, Concorde Investment Services, LLC, Concorde Asset Management, LLC, Independent Financial Group, LLC, Financial Designs Ltd., or the management or performance of your accounts, please contact Attorney Patil for a free initial consultation via email or toll-free at 1-800-950-6553.
