Allegations Regarding William Sandeman’s Suspension

FINRA investigated Sandeman regarding allegations that he “Sandeman recommended that 81 retail customers purchase and hold volatility-linked and non-traditional exchange-traded products (ETPs) as long-term investments. Sandeman made these recommendations without a reasonable understanding of the risks associated with the products and without a reasonable basis to believe that the recommendations were in the best interest of his retail customers.”  In October 2017, FINRA Regulatory Notice 17-32 reminded member firms and their associated persons that “many volatility-linked ETPs are highly likely to lose value over time. Accordingly, volatility-linked ETPs may be unsuitable for certain retail investors, particularly those who plan to use them as traditional buy-and-hold investments.”

To settle these allegations, Sandeman agreed to be barred from the securities brokerage industry.

Background on William Sandeman

William Sandeman was licensed with Wedbush Securities from 2000 to January 2025 at a Seattle, Washington office.  He was also licensed with a number of other firms since 1977.  Sandeman has been the subject of four customer complaints over his career.

Can Wedbush Securities Be Responsible for Customer Investment Losses?

Under FINRA Rule 3110, broker-dealers like Wedbush Securities must reasonably supervise the activity of its advisors.  The firms could be responsible for investor losses if it failed to reasonably supervise them.

Israels & Neuman Recovers Investment Losses for Customers in Washington

We represent investors throughout the United States as well as Washington, who have been victims of broker misconduct, unsuitable investment recommendations, and fraud.  Attorney David Neuman is licensed to practice law in Washington, and our main office is located in downtown Seattle.  If you were a client of William Sandeman and believe he acted improperly, you may be entitled to recover losses through FINRA arbitration.

• View Sandeman’s BrokerCheck Report
• View Sandeman’s FINRA AWC

Contact Israels & Neuman for a Free Consultation

Call us today at (720) 599-3505 or (206) 795-5798

or fill out our contact form to learn more about your rights. We have experience representing Washington investors and are ready to help you recover what you deserve.