Advisor Alert: Our Attorneys Are Investigating William Lief Collins For Investment Fraud
Did You Lose Money Because of Bill Collins?
Filed: January 29, 2024
William Collins (also known as Bill Collins) has been the subject of four (4) customer complaints. 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 Lief Collins.
Who Is William Lief Collins of Cetera Advisor Networks, LLC and Cetera Investment Advisers LLC?
- Advisor Name: William Lief Collins
- Aliases: Bill Collins, William Collins, William Lief Collinscollins
- CRD: 2787822
- Location: Farmington Hills, Michigan
- Current Employer: Cetera Advisor Networks, LLC and Cetera Investment Advisers LLC
- Previous Firms: Morgan Stanley and Wells Fargo Advisors, LLC
- Number of Known Customer Complaints: 4
- Can William Collins Be Sued: Yes, in Private Arbitration
- Can William Collins’s Employers Be Sued For Failing to Supervise Actions: Yes, in Private Arbitration
- Highest Damages Allegation: $800,000
- Highest Settlement: $225,000
If you have suffered investment losses by William Collins, 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 Bill Collins For Broker Misconduct
As of this publication date, William Collins has been the subject of 4 customer disputes. Let’s review them below.
In January 2024, a complaint was filed against or in reference to William Collins by a customer of Morgan Stanley Smith Barney alleging unauthorized and excessive trading. On January 4, 2024, Mr. Collins settled the claim for $225,000, and some or all of this amount may have been paid by Mr. Collins’s employer and/or insurance carrier.
In April 2020, a FINRA arbitration was filed against or in reference to William Collins by a customer of MSSB alleging inter alia, unauthorized trading with respect to investments. Per the customer, he/she lost over $800,000 because of Mr. Collins’s actions. On February 16, 2021, Mr. Collins settled the claim for $75,000, and some or all of this amount may have been paid by Mr. Collins’s employer and/or insurance carrier.
In May 2017, a complaint was filed against or in reference to William Collins by a customer of Wells Fargo Advisors alleging that there was excessive trading in her account and that the account was improperly invested on her investment knowledge.
In March 2016, a complaint was filed against or in reference to William Collins by a customer of MSSB alleging unauthorized trading, inter alia, with respect to investments. On November 22, 2016, Mr. Collins settled the claim for $8,973.25, and some or all of this amount may have been paid by Mr. Collins’s employer and/or insurance carrier.
How To File A Claim Against Bill Collins of Cetera Advisor Networks, LLC and Cetera Investment Advisers LLC (previously with Morgan Stanley and Wells Fargo Advisors, LLC) To Get Your Money Back
If you have questions about William Collins, Cetera Advisor Networks, LLC, Cetera Investment Advisers LLC, Morgan Stanley, Wells Fargo Advisors, LLC, 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.