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.

Call us today for a Free Confidential Case Evaluation – (720) 599-3505 or (206) 795-5798

CHICAGO, ILLIONOIS Did you invest with financial advisor Howard Kavinsky in Chicago, Illinois? Israels & Neuman is reviewing claims made by FINRA against Howard Kavinsky, who was a representative of B. Riley Wealth Management and National Securities Corp. Near the end of 2024, he was barred from the securities brokerage industry by FINRA regarding numerous allegations.

FINRA alleged that this advisor created consolidated reports that contained false information, including overstating account balances. The consolidated reports also showed investments in a purported hedge fund, even though Kavinsky did not invest the customers’ money in a hedge fund. He also allegedly provided false information to FINRA as part of its investigation.

Howard Kavinsky was registered with National Securities Corp. from July 2019 to July 2022 and with B. Riley Wealth Management from July 2022 to June 2024 and worked in Chicago, Illinois. He was also the subject of several liens, settlements, and compromises with creditors between 2017 and 2019.

Broker-dealers like B. Riley Wealth Management and National Securities Corp. must reasonably monitor its advisors. If the firm fails to do so, they could be liable for investor losses.

Israels & Neuman have an office in Chicago. Attorneys Aaron Israels and David Neuman are both licensed to practice law in Illinois and the U.S. District Court for the Northern District of Illinois. Mr. Neuman grew up in the Chicago area and went to the University of Illinois.

FINRA’s AWC Regarding Howard Kavinsky can be found HERE

Howard Kavinsky’s BrokerCheck Report can be found HERE

If you lost money with Howard Kavinsky, National Securities Corp., or B. Riley Wealth Management, contact the law firm of ISRAELS & NEUMAN at (616) 280-4303 or (206) 795-5798 for a Free evaluation of your case.