Last Updated: February 2025, Columbia, SC
Here’s what you need to know about Columbia, SC, stockbroker William Benjamin Dusenbury Herritage:
- Name: Mr. William Benjamin Dusenbury Herritage
- CRD Number: 4027113
- Current Employer: LPL Financial LLC (Registered since August 20, 2019)
- Prior Employers:
- Crown Capital Securities, L.P. (July 2012 – August 2019)
- Capital Financial Partners, Inc. (August 2005 – December 2019)
- Brookstone Securities, Inc. (December 2010 – June 2012)
- Function: Stockbroker / Financial Advisor
- Primary Location: Columbia, SC
- DBA: Capital Financial Partners
- Can William Herritage be sued in FINRA arbitration? Yes
- Sanctioned by FINRA: No
- Highest Settlement or Award: $90,000.00
If you’ve sustained damages from Mr. Herritage, discuss your case with experienced investment fraud lawyer Bob Rex at (877) 224-3199 for a free consultation.
See this for more information on REITs and Other Alternative Investments
Did You Lose Money With William Herritage As Your Stockbroker?
Several customer disputes have been reported involving William Herritage:
- Case #21-01872, filed on July 22, 2021, and settled on February 23, 2023, for $90,000.00.
- Allegations: Customers alleged unsuitable recommendations, misrepresentations, omissions of material fact, and failure to conduct proper due diligence regarding transactions in a non-traded REIT while employed with Crown Capital Securities, L.P.
- Product Involved: Non-traded REIT
- Customer Dispute (Closed with No Action)
- Date Complaint Received: August 29, 2017
- Allegations: Client alleged lack of suitability and misrepresentation relating to the purchase of a non-traded REIT.
- Status: Closed without action on July 1, 2019
- Product Involved: Real Estate Security
Allegations of Broker Misconduct Against William Herritage
Customers of William Herritage have alleged the following misconduct in connection with his handling of their investments:
- Unsuitable Investment Recommendations: Allegations include recommending non-traded REITs that were not aligned with customers’ financial needs and risk tolerance, potentially violating FINRA Rule 2111 (Suitability Rule).
- Misrepresentation and Omission of Material Facts: Claims that Mr. Herritage failed to disclose crucial details about the risks associated with the non-traded REIT investments.
- Failure to Conduct Due Diligence: Alleged failure to properly evaluate the suitability and potential risks of non-traded REIT transactions.
Alternative Investments: These are assets that are not stocks, bonds or cash. Alternative investments generally fall within five categories: hedge funds, private capital, natural resources (oil and gas, energy), real estate (REITs) and infrastructure. They are typically less liquid that conventional investments, less regulated with higher fees and generally higher risk. For more investigations involving Alternative Investments, see this.
Recover Your Investment Losses Now With Rex Securities Law
Investigation of LPL Financial and LPL Brokers-Lawsuits, Arbitrations & Customer Disputes
If you have suffered investment losses in an account handled by William Benjamin Dusenbury Herritage, contact us for a complimentary consultation with an experienced securities lawyer to learn how you may be able to recover damages through FINRA arbitration.
With offices in Boca Raton, FL, and Austin, TX, stockbroker fraud attorney Bob Rex provides representation to investors nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers, financial advisors, and broker-dealers.
If you have questions about how your account has been handled, call (877) 224-3199 to speak with an experienced securities attorney at no cost to you.
Most cases are handled on a contingent fee basis, meaning that you do not pay legal fees unless we are successful.