Public records provided by the Financial Industry Regulatory Authority (FINRA) on November 10, 2016 indicate that former Nevada-based Waddell & Reed broker William Albin is currently not affiliated with any broker-dealer firm. The securities and investment fraud law firm Fitapelli Kurta is interested in hearing from investors who have complaints regarding Mr. Albin (CRD# 1744984).
William Albin has spent 28 years in the securities industry and was most recently registered with Waddell & Reed in Las Vegas, Nevada (2015-2016). Previous registrations include MetLife Securities in Las Vegas, Nevada; New England Securities in Las Vegas, Nevada; Wedbush Securities in Las Vegas, Nevada; RBC Dain Rauscher in New York, New York; Sutro & Company in San Francisco, California; Smith Barney in New York, New York; Lehman Brothers in New York, New York; EF Hutton & Company; and Blinder Robinson & Company. He is currently not registered with any state or firm.
According to his BrokerCheck report, William Albin has received two customer complaints and was recently discharged from Waddell & Reed.
In July 2016 William Albin was terminated from Waddell & Reed following allegations he “used discretion in multiple client accounts without written authorization in violation of the firm’s policies.”
In 1997 a customer alleged William Albin, while employed at Salomon Smith Barney, misrepresented material facts related to investments in equities. The complaint settled for $17,000.
In 2003 William Albin voluntarily resigned from RBC Dain Rauscher following allegations involving concerns that he exercised discretion in certain accounts without written authority.
In 1996 a customer alleged William Albin, while employed at Smith Barney, breached his fiduciary duty, made unsuitable recommendations, churned investments, and failed to supervise. The complaint settled for $26,849.
If you or someone you know has lost money investing with William Albin, call the securities and investment fraud law firm Fitapelli Kurta at 877-238-4175 for a free consultation. You may be entitled to recoup your losses. We accept all cases on contingency: Fitapelli Kurta only gets paid if and when you collect money. Time to file your claim may be limited, so we recommend you avoid delay. Call 877-238-4175 now to speak to an attorney for free.