Last Updated: January 2024 (Troy, Michigan)
Bill Collins Investigation Summary
Here’s what you need to know about Troy, MI, stockbroker William Collins:
- Name: Mr. William Lief Collins
- Current Employer: Cetera Advisor Networks
- DBA: Horizon Advisors
- Previous Firms: Morgan Stanley Smith Barney, Wells Fargo Advisors
- Function: Stock Broker/ Financial Advisor/ Registered Investment Advisor
- Aliases: Bill Collins
- Primary Location: Troy, MI
- CRD 2787822
- Can Bill Collins be sued in FINRA arbitration: Yes
- Sanctioned by FINRA: No
- Highest Settlement or Award: $225,000
Discuss your case with experienced investment fraud lawyer Bob Rex at (877) 224-3199 for a free consultation.
Did You Lose Money With Bill Collins As Your Stockbroker?
In 1/2024 a customer of Morgan Stanley Smith Barney was paid $225,000 to resolve allegations that Bill Collins made unauthorized trades and excessive trades from 1/2020-8/2023. Collins, who was with Morgan Stanley Smith Barney from 6/2010-9/2023, left Morgan Stanley and joined Cetera in 11/2023.
In 2021 another customer of Smith Barney was paid $75,000 to settle a FINRA arbitration alleging that Bill Collins made unauthorized trades from 3/2019-4/2020.
In 2016 a customer of Smith Barney was paid $8,973 to resolve allegations of trading without authority.
In 2017 a customer of Wells Fargo complained that Bill Collins traded her account excessively and was improperly invested. Wells Fargo denied the claim and apparently the customer did not pursue the matter further.
Allegations of Broker Misconduct Against Bill Collins
Customers of Bill Collins have alleged the following wrongdoing in connection with the handling of customer accounts:
- Unauthorized Trading
- Traded accounts excessively (Churning)
- Unsuitable recommendations
The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.
Recover Your Investment Losses Now With Rex Securities Law
If you have suffered investment losses in an account handled by Bill Collins, 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.
