William Notrica: Ex-RBC Advisor Faces Suitability Complaint

San Juan Capistrano financial advisor William Notrica (CRD# 817537) allegedly recommended unsuitable investments, according to a recent investor complaint. Financial Industry Regulatory Authority records show that the Aegis Capital broker and investment advisor was recently fired by RBC Capital Markets.

Mr. Notrica’s BrokerCheck report discloses multiple investor complaints. The most recent, filed in April 2023, alleges that as a representative of RBC Capital Markets, he recommended unsuitable investments and charged unreasonably high commissions and fees. The pending complaint alleges unspecified damages believed to exceed $5,000.

An earlier investor complaint, filed in 2002, alleged that as a representative of Wachovia Securities, he breached his fiduciary duty and failed to recommend the sale of stocks held on margin. In 2006 the complaint reached a settlement of $87,500.

A third investor complaint, filed in 2001, alleged that as a representative of First Union Securities (later known as Wachovia Securities), he made unsuitable and unauthorized purchases of various securities. In 2004 the complaint reached a settlement of $12,000.

A fourth investor complaint, filed in 2000, alleged that as a representative of First Union Securities, he failed to follow instructions to sell stocks. In 2002 the complaint reached a settlement of $42,500.

Another disclosure on Mr. Notrica’s BrokerCheck report concerns his termination from RBC Capital Markets. Filed in January 2022, the disclosure states that the firm fired him in connection with allegations that he violated its “Time and Price Discretion Policy and Order Execution Policy.”

According to the Financial Industry Regulatory Authority, William Notrica holds 47 years of securities industry experience. Based in San Juan Capistrano, California, he has been a broker and an investment advisor with Aegis Capital since February 2022. He is also registered with the firm’s office in Portland, Oregon. His registration history includes RBC Capital Markets (Newport Beach, California; 2004-2022), Wachovia Securities (Newport Beach, California and St. Louis, Missouri; 1990-2004), Bateman Eichler Hill Richards (1981-1990), Wagenseller & Durst (1980-1981), Paine Webber Jackson & Curtis (1980), and Blyth Eastman Dillon & Company (1976-1980). His credentials include the passage of ten securities industry qualifying exams: the Registered Options Principal Examination, or Series 4; the General Securities Sales Supervisor Examination (Options Module & General Module), or Series 8; the General Securities Sales Supervisor – General Module Examination, or Series 10; the General Securities Sales Supervisor – Options Module Examination, or Series 9; the General Securities Representative Examination, or Series 7; the AMEX Put and Call Exam, or PC; the Interest Rate Options Examination, or Series 5; the Securities Industry Essentials Examination, or SIE; the Uniform Securities Agent State Law Examination, or Series 63; and the Uniform Investment Adviser Law Examination, or Series 65. He is licensed in Arizona, California, Colorado, Connecticut, Florida, Idaho, Illinois, Nevada, New Jersey, New York, Ohio, Oklahoma, Pennsylvania, Texas, Utah, and Washington. (Information current as of April 30, 2023.)

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