Advisor Alert: Our Attorneys Are Investigating William Stuart Horak For Investment Fraud
Did You Lose Money Because of William Horak?
Filed: March 20, 2024
William Horak (also known as Bill Horak) currently has two (2) pending customer complaints. Overall, he has been the subject of five (5) 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 Stuart Horak.
Who Is William Stuart Horak of Wealth Management Corporation and Purshe Kaplan Sterling Investments?
- Advisor Name: William Stuart Horak
- Aliases: Bill Horak
- CRD: 1462594
- Location: Tallahassee, Florida
- Current Employer: Wealth Management Corporation and Purshe Kaplan Sterling Investments
- Previous Firms: Nationwide Investment Services Corporation, FSC Securities Corporation, and Boardwalk Capital Corporation
- Number of Known Customer Complaints: 5
- Can William Horak Be Sued: Yes, in Private Arbitration
- Can William Horak’s Employers Be Sued For Failing to Supervise Actions: Yes, in Private Arbitration
- Highest Damages Allegation: $199,000
- Highest Settlement: $70,000
If you have suffered investment losses by William Horak, we strongly encourage you to exercise your rights to experienced legal representation. Recover what is owed to you by retaining a breach of fiduciary duty 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 Horak For Broker Misconduct
As of this publication date, William Horak has been the subject of 5 customer disputes. Let’s review them below.
In December 2023, a FINRA arbitration was filed against or in reference to William Horak by a customer of Purshe Kaplan Sterling Investments alleging unsuitable investment and breach of fiduciary duty regarding the sale of GWG L bonds. Per the customer, he/she lost over $60,000 because of Mr. Horak’s actions. As of this publication date, this claim remains pending.
In June 2023, a FINRA arbitration was filed against or in reference to William Horak by multiple customers of Purshe Kaplan Sterling Investments alleging unsuitable transactions in the sale of two REITS: ARC Hospitality Trust and ARC Realty Finance Trust. Per the customers, they lost over $50,000 because of Mr. Horak’s actions. On January 23, 2024, Mr. Horak settled the claim for $30,000, and some or all of this amount may have been paid by Mr. Horak’s employer and/or insurance carrier.
In May 2023, a FINRA arbitration was filed against or in reference to William Horak by multiple customers of Purshe Kaplan Sterling Investments alleging negligence, breach of fiduciary duty, and breach of contract in relation to GWG L Bonds. Per the customers, they lost over $199,000 because of Mr. Horak’s actions. As of this publication date, this claim remains pending.
In November 2022, a FINRA arbitration was filed against or in reference to William Horak by multiple customers of Purshe Kaplan Sterling Investments alleging negligence, breach of fiduciary duty, and breach of contract in relation to GWG L Bonds. Per the customers, they lost over $160,000 because of Mr. Horak’s actions. On September 11, 2023, Mr. Horak settled the claim for $70,000, and some or all of this amount may have been paid by Mr. Horak’s employer and/or insurance carrier.
In June 2021, a complaint was filed against or in reference to William Horak by a customer of Purshe Kaplan Sterling alleging that purchase of Hospitality Investors Trust REIT was unsuitable. Per the customer, he/she lost over $50,000 because of Mr. Horak’s actions.
How To File A Claim Against William Horak of Wealth Management Corporation and Purshe Kaplan Sterling Investments (previously with Nationwide Investment Services Corporation, FSC Securities Corporation, and Boardwalk Capital Corporation) To Get Your Money Back
If you have questions about William Horak, Wealth Management Corporation, Purshe Kaplan Sterling Investments, Nationwide Investment Services Corporation, FSC Securities Corporation, Boardwalk Capital Corporation, 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.