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Oakbrook Terrace Advisor Bill Morrison Hit with Complaint
Were you encouraged to invest in tech stocks by Bill Morrison from Oakbrook Terrace, Illinois? If that is the case, you may have options to recover your financial losses. We’re looking into a recent customer complaint involving William Morrison, a representative of B. Riley Wealth Management.
Customer Allegations Against Bill Morrison?
A customer filed a complaint with FINRA in February 2025 regarding Bill Morrison and B. Riley Wealth Management. The complaint alleges that Morrison recommended the unsuitable use of margin and over concentration in the technology sector. The complaint alleged that the customer lost between $100,000 and $500,000.
Licensure Background on Bill Morrison
Bill Morrison worked at an Oakbrook Terrace, Illinois office while affiliated with B. Riley Wealth Management from July 2019 to the present. Prior to that, Morrison was also associated with National Securities Corp.
Brokerage firms must sufficiently supervise their representatives. If a firm fails to adequately monitor the conduct of its advisors, then the firm could be liable for investor damages.
FINRA Suitability Rules and Regulation Best Interest
FINRA Rule 2111 is FINRA’s suitability rule. The rule basically provides that advisors must make investment recommendations that comport with the client’s financial needs and wants. The advisor must also comply with Regulation Best Interest, which is a heightened standard – to put a client’s interests before the advisor’s interests.
Regulation Best Interest applies to investment recommendations made by the advisor after June 30, 2020. Regulation Best Interest incorporates parts of the FINRA suitability rule into its regulations.
Can I Recover My Investment Losses?
Illinois investors can pursue claims through FINRA arbitration, which is an arbitration forum designed to help recover funds lost due to broker misconduct or unsuitable investment recommendations.
Bill Morrison may be individually liable for misrepresentation, unsuitable advice, or breach of fiduciary duty. However, B. Riley Wealth Management may also bear responsibility if they failed to properly supervise Morrison or ignored warning signs.
We Represent Investors Throughout the Chicagoland Area
At Israels & Neuman, we have helped thousands of investors nationwide recover money lost to financial advisor misconduct and represent investors throughout the greater Chicagoland area, including in Oakbrook Terrace, Elmhurst, Lombard, Villa Park, Wheaton, and other Chicago suburbs. Attorney Dave Neuman grew up in nearby Addison and worked many years in the Chicago area.
Free Case Review — Speak to a Securities Fraud Attorney Today
If you invested with Bill Morrison or were sold unapproved investments like Blackbird Financial, contact us for a free case evaluation. Our attorneys are here to help you understand your rights and determine whether a claim through FINRA arbitration is right for you.