Advisor Alert: Our Attorneys Are Investigating William Lee Notrica For Investment Fraud
Did You Lose Money Because of William Notrica?
Filed: March 11, 2024
William Notrica (also known as William L Notrica) has been the subject of nine (9) 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 Lee Notrica.
Who Is William Lee Notrica of Wells Fargo Clearing Services, LLC?
- Advisor Name: William Lee Notrica
- Aliases: William L Notrica
- CRD: 817537
- Location: San Juan Capistrano, California and Portland, Oregon
- Current Employer: Aegis Capital Corp.
- Previous Firms: RBC Capital Markets, LLC and Wachovia Securities, LLC
- Number of Known Customer Complaints: 9
- Number of Known Termination Events: 1
- Can William Notrica Be Sued: Yes, in Private Arbitration
- Can William Notrica’s Employers Be Sued For Failing to Supervise Actions: Yes, in Private Arbitration
- Highest Damages Allegation: $200,000
- Highest Settlement: $130,000
If you have suffered investment losses by William Notrica, we strongly encourage you to exercise your rights to experienced legal representation. Recover what is owed to you by retaining an investment 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 Notrica For Broker Misconduct
As of this publication date, William Notrica has been the subject of 9 customer disputes and 1 termination event. Let’s review them below.
In April 2023, a FINRA arbitration was filed against or in reference to William Notrica by a customer of RBC Capital Markets, LLC alleging unsuitable investments and unreasonably high commissions and fees. On February 13, 2024, Mr. Notrica settled the claim for $130,000, and some or all of this amount may have been paid by Mr. Notrica’s employer and/or insurance carrier.
In January 2022, RBC Capital Markets, LLC terminated William Notrica for being in violation of the Firm’s Time and Price Discretion Policy and Order Execution Policy.
In July 2007, a complaint was filed against or in reference to William Notrica by multiple customers of RBC Dain Rauscher Inc. alleging unauthorized purchase of NEWCQ on 08/05/2005 and alleged unauthorized use of margin upon their authorized purchase of TYN on 10/26/2005.
In November 2002, a NASDR arbitration was filed against or in reference to William Notrica by multiple customers of Wachovia Securities, Inc. N/K/A Wachovia Securities, LLC alleging breach of fiduciary duty as a result of alleged failure to recommend sale of Cisco and Broadcom shares held on margin between April and December of 2000. Per the customers, they lost over $200,000 because of Mr. Notrica’s actions. On June 5, 2006, Mr. Notrica settled the claim for $87,500, and some or all of this amount may have been paid by Mr. Notrica’s employer and/or insurance carrier.
In September 2001, a complaint was filed against or in reference to William Notrica by a customer of First Union Securities, Inc. alleging that Mr. Notrica failed to make sense in August as the client allegedly requested him to do. Per the customer, he lost over $7,374 because of Mr. Notrica’s actions.
In August 2001, a complaint was filed against or in reference to William Notrica by multiple customers of First Union Securities, Inc. alleging unauthorized trades in early to mid 2000 in Scon, Stgc, Cpth, And Tera; and a failure to follow instructions in January 2000 to sell IU in one of their accounts. Per the customers, they lost over $5,000 because of Mr. Notrica’s actions.
In March 2001, a NASDR arbitration was filed against or in reference to William Notrica by multiple customers of First Union Securities, Inc. N/K/A Wachovia Securities, LLC alleging unsuitable securities and purchased three mutual funds and one OTC stock without prior authorization. Per the customers, they lost over $200,000 because of Mr. Notrica’s actions. On December 29, 2004, Mr. Notrica settled the claim for $12,000, and some or all of this amount may have been paid by Mr. Notrica’s employer and/or insurance carrier.
In December 2000, a NASD-DR arbitration was filed against or in reference to William Notrica by a customer of First Union Securities, Inc. alleging that Mr. Notrica failed to follow instructions to sell all of his exchange and OTC common stocks before the market dropped in early 2000. There were also questions about operational matters and the accuracy of information received in response to questions. Per the customer, he/she lost over $5,000 because of Mr. Notrica’s actions. On November 27, 2002, Mr. Notrica settled the claim for $42,500, and some or all of this amount may have been paid by Mr. Notrica’s employer and/or insurance carrier.
In January 2000, a complaint was filed against or in reference to William Notrica by multiple customers of First Union Securities, Inc. alleging that the clients’ mother’s purchase of the Franklin Tax Free Fund was misrepresented to them. They said that the yield was overestimated and the number of years associated with the CDSC was misstated. Per the customers, they lost over $26,441.48 because of Mr. Notrica’s actions.
In November 1993, an AAA arbitration was filed against or in reference to William Notrica by a customer alleging unsuitable recommendation, misrepresentation, and omission. Per the customer, he/she lost over $53,000 because of Mr. Notrica’s actions. An arbitration panel found that William Notrica was negligent and awarded $3,600 in favor of the customers.
How To File A Claim Against William Notrica of Aegis Capital Corp. (previously with RBC Capital Markets, LLC and Wachovia Securities, LLC) To Get Your Money Back
If you have questions about William Notrica, Aegis Capital Corp., RBC Capital Markets, LLC, Wachovia Securities, 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.