- June 27, 2018
- GMS Group
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.
https://brokercheck.finra.org/individual/summary/500470#disclosuresSection
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@wolperlawfirm.com to discuss your specific situation and the legal options available. The Wolper Law Firm represents investors nationwide in securities litigation and arbitration.
Attorney Matthew Wolper
Matt Wolper is a trial lawyer who focuses exclusively on securities litigation and arbitration. Mr. Wolper has handled hundreds of securities matters nationwide before the Financial Industry Regulatory Authority (FINRA), American Arbitration Association (“AAA”), JAMS, and in state and federal court. Mr. Wolper has handled and tried cases involving complex financial products and strategies ranging from traditional stocks and bonds to options, margin and other securities-based lending products, closed/open-end mutual funds, structured products, hedge funds, and penny stocks. [Attorney Bio]