Lose money after investing in a GPB Capital Holdings Fund? take action
We can help recover your investment loss. Free consultations, always. CONTACT US

GMS Group Financial Advisor William Ornstein Has Nine Customer Complaints

The Wolper Law Firm is currently investigating claims against William Ornstein, a Financial Advisor at GMS Group in Boca Raton, FL.  William Ornstein first entered the securities industry in the 1970s.

According to publicly available records released by the Financial Industry Regulatory Authority (FINRA), William Ornstein has been the subject of nine (9) customer complaints for alleged sales practice violations.   This is an exceedingly high number of customer complaints against a single Financial Advisor.


Among the customer complaints include the following:

  • November 2015—“Client alleges fraudulent sales practices and over-concentration of client’s account…” Alleged damages were $200,000
  • November 2009—“Client alleges the AE made unsuitable recommendations…” Alleged damages were $101,183.
  • June 2009—“Client alleges that the account executive engaged in unauthorized and unsuitable trading…” The matter was settled for $675,000.
  • November 2007—“Client alleges her account was mishandled by the account executive…” Alleged damages were $350,000.

If you or someone you know was a customer of William Ornstein or the GMS Group and you experienced investment losses, please contact the Wolper Law Firm at 800.931.8452 or by email at mwolper@ to discuss your specific situation and the legal options available.  The Wolper Law Firm represents investors nationwide in securities litigation and arbitration.

Now is the time to talk to an investment loss recovery lawyer. We can help recover your investment loss. Free consultations, always.

or call 800.931.8452
Main Office - Fort Lauderdale

1250 S. Pine Island Road
Suite 325
Plantation, FL 33324
Phone: 800.931.8452

Additional Office Locations (by appointment only)

3355 Lenox Road
Suite 7
Atlanta, GA 30326


13295 N. Illinois St.
Suite 314
Indianapolis, IN 46032

New York City

275 Madison Avenue
Suite 705
New York, NY 10016


3102 Maple Ave.
Suite 400
Dallas, TX 75201


5933 NE Win Sivers Drive
Suite 205
Portland, OR 97220


7900 E. Union Ave.
Suite 1100
Denver, CO 80237


1700 Park Street
Suite 103
Naperville, IL 60563


1001 Fourth Ave.
Seattle, WA 98154