Bill Morris: $100K GWG Complaint Against Cape Securities Advisor

A recent investor complaint against Bradenton, Florida financial advisor Bill Morris (CRD# 1793507) alleged that he caused damages by recommending investments in GWG L bonds. Financial Industry Regulatory Authority records show that he is registered as a broker with Cape Securities and an investment advisor with Cape Investment Services, and that he is a representative of Sarasota Financial Group.

Mr. Morris’s BrokerCheck report discloses two investor complaints. The most recent, filed in June 2025, alleges that as a representative of Cape Securities, he recommended investments in L bonds issued by GWG Holdings, which later filed for bankruptcy. The complaint reached a settlement of $100,000.

An earlier investor complaint, filed in 2014, alleged that as a representative of InterSecurities, he misrepresented material facts relating to an annuity investment. The complaint alleged damages of $29,416 and was denied by the firm.

Sarasota Financial Group’s website includes a page describing the firm’s background, as well as Mr. Morris’s. As it explains, he has worked at firms including Bear Stearns & Company and Merrill Lynch, and he specializes in financial services for federal employees as well as veterans.”Bill uses his experience and knowledge to customize detailed financial plans that help federal employees minimize their expenses,” it states, “while maximizing their retirement income and protecting their family’s legacy.”

According to the Financial Industry Regulatory Authority, Bill Morris holds 30 years of securities industry experience. Based in Bradenton, Florida, he has been registered as a broker with Cape Securities and an investment advisor with Cape Investment Services since 2020. His registration history includes Calton & Associates, Invest Financial Corporation, InterSecurities, Merrill Lynch, Intrepid Securities, Geldermann Securities, Gerald Financial Group, and Haigh Brokerage Group. His credentials include the passage of five securities industry qualifying exams: the Securities Industry Essentials Examination, or SIE; the National Commodity Futures Examination, or Series 3; the General Securities Representative Examination, or Series 7; the Uniform Investment Adviser Law Examination, or Series 65; the Uniform Securities Agent State Law Examination, or Series 63. He is licensed in Alabama, Florida, Georgia, Michigan, Mississippi, North Carolina, South Carolina, and Texas. (Information current as of August 7, 2025.)

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