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William Campbell: Energy 11 Complaint Against White Plains Advisor
David Lerner Associates representative William Campbell (CRD# 1255769) has received several investor complaints alleging he recommended unsuitable investments to his clients. Financial Industry Regulatory Authority records show that he is a broker based in White Plains, New York.
Mr. Campbell’s BrokerCheck report discloses five investor complaints. The most recent, filed in March 2022, alleges that as a representative of David Lerner Associates, he breached contract, made misrepresentations of material information, and recommended unsuitable investments in Energy 11 and Energy 12 private placements. The pending complaint alleges unspecified damages of more than $5,000.
A second investor complaint, filed in 2020, alleged he recommended unsuitable mutual fund investments. The complaint alleged damages of $95,380.76 and was denied by the firm.
A third investor complaint, filed in 2019, alleged that he made unsuitable investment recommendations of mutual funds and private placements, misrepresented and omitted material information, and breached his fiduciary duty. In June 2022 the complaint reached a settlement of $70,000.
A fourth investor complaint, filed in 2013, alleged that he breached his fiduciary duty, violated FINRA rules, recommended unsuitable investments, breached contract, acted negligently, made misleading statements, omitted material facts, and violated securities law. In 2014 the complaint reached a settlement of $180,000.
A fifth investor complaint, filed in 2011, alleged he misrepresented and recommended unsuitable securities. In 2015 the complaint reached a settlement of $10,000.
According to the Financial Industry Regulatory Authority, William Campbell holds 22 years of securities industry experience. Based in White Plains, New York, he has been a broker with David Lerner Associates since 2002. His past registrations include Northwestern Mutual Investment Services (Milwaukee, Wisconsin; 2000-2002), Robert W. Baird & Company (Milwaukee, Wisconsin; 2000-2002), and Pruco Securities (Newark, New Jersey; 1992-1993). His credentials include the passage of four securities industry examinations: the Investment Company Products/Variable Contracts Representative Examination, or Series 6; the General Securities Representative Examination, or Series 7; the Securities Industry Essentials Examination, or SIE; and the Uniform Securities Agent State Law Examination, or Series 63. He holds 24 state licenses. (Information current as of July 20, 2022.)
Carlson Law represents investors throughout the United States in claims against financial advisors and investment firms. If you or a loved one have suffered investment losses, please call us at 888-976-6111 or complete our contact form for a free and confidential consultation.