Investor Complaints: GMS Group Broker William Ornstein

William Ornstein (CRD# 500470) is a registered FINRA broker. Since 2001, Mr. Ornstein has been employed as a securities representative of The GMS Group, based at a branch office in Boca Raton, Florida.

In the first few months of 2019, two investors have filed complaints against this broker. Here, our investment fraud attorneys review the most recent claims against GMS Group financial advisor William Ornstein.

Allegations: Breach of Fiduciary and Broker Negligence

On February 26th, 2019, an investor filed a claim against William Ornstein alleging broker negligence, material misrepresentations, breach of fiduciary duty, deception, and exploitation. In this dispute, the customer is seeking $250,000 in financial compensation. FINRA lists this complaint as ‘pending’.

On March 1st, 2019, a customer brought a claim against GMS Group financial advisor William Ornstein on the grounds of breach of fiduciary duty and broker negligence. This investor is seeking $100,000 in financial relief. FINRA also lists this claim as ‘pending’.

Notably, Mr. Ornstein has also been subject to several other investor complaints in the past. He has settled four FINRA arbitration claims since 2001 — including one unsuitable investment recommendations case for $675,000 in damages, which was settled in 2009.

Get Help From Our Securities Fraud Attorneys Right Away

At Sonn Law Group, we are committed to protecting the investor. If you lost money because of a financial advisor’s breach of fiduciary duty or any other type of broker misconduct, our securities fraud attorneys can help. To get a free initial consultation, please call us today.

Disclaimer: This article contains opinions and NOT statements of fact in any way whatsoever. The information here is general information that should not be taken as legal advice. NO attorney-client relationship is established between you and our attorneys by reading this article. This article is attorney advertising and should not be used as a substitute for legal advice from a qualified securities lawyer.