William Martin Ornstein Allegedly Engaged in Acts of Negligence & Breach of Fiduciary Duty

William Ornstein allegedly engaged in acts of negligence, and breach of fiduciary duty, according to a Pending Customer Dispute filed on Ornstein’s FINRA BrokerCheck Report under review by investor rights attorney Alan Rosca.

The aforementioned dispute was filed on March 1, 2019, FINRA states, and is requesting damages of $100,000.

A second Pending Customer Dispute filed on Ornstein’s FINRA BrokerCheck Report alleges that Ornstein allegedly engaged in acts of negligence, misrepresentation, breach of fiduciary duty, deception, exploitation, FINRA reports. Said dispute was filed on February 26, 2019, FINRA states, and is requesting damages of $250,000.

Another client alleges that Ornstein, from 2004 until 2007, allegedly mishandled her account, according to a Pending Customer Dispute filed on Ornstein’s FINRA BrokerCheck Report on November 23, 2007, FINRA states.

Investor rights attorney Alan Rosca, of the Goldman Scarlato & Penny PC law firm, is investigating activity related to William Ornstein’s acts of negligence, and breach of fiduciary duty.

Investors who believe they may have lost money in activity related to William Ornstein’s acts of negligence, and breach of fiduciary duty are encouraged to contact attorney Alan Rosca with any useful information or for a free, no obligation discussion about their options.

William Ornstein Has 14 Disclosures on His FINRA BrokerCheck Report

William Ornsrein has 14 disclosures on his FINRA BrokerCheck Report, has 39 years in the securities industry, and is currently registered with the GMS Group, LLC in Boca Raton, FL, FINRA states.

Ornsteain has also worked with 8 other firms, including the following:

  • Herbert J. Sims & Co. Inc., Fairfield CT— September 19, 2001 to October 3, 2001
  • Atlantic Group Securities, Inc., Millburn, NJ— September 2, 1997 to June 22, 1998
  • Rickel & Associates, Inc., New York, NY— April 1, 1997 to August 29, 1997
  • First Interregional Equity Corp., Milburn, NJ— June 20, 1989 to May 16, 1997

Finally, it is important to note that, as of the date of this article, there has not been a finding of liability as to the complaints mentioned in this article, unless otherwise indicated.

Securities Lawyer Investigating

The Goldman Scarlato & Penny PC law firm represents investors who lose money as a result of investment-related fraud or misconduct and are currently investigating William Ornstein’s acts of negligence, and breach of fiduciary duty. The firm takes most cases of this type on a contingency fee basis and advance the case costs, and only gets paid for their fees and costs out of money recovered for clients. Attorney Alan Rosca, a securities lawyer and adjunct professor of securities regulation, and has represented thousands of victimized investors across the country and around the world in cases ranging from arbitrations to class actions.

Investors who believe they lost money as a result of William Ornstein’s acts of negligence, and breach of fiduciary duty may contact attorney Alan Rosca for a free no-obligation evaluation of their recovery options, at 888-998-0530, via email at rosca@lawgsp.com, or through the contact form on this webpage.

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In our legal system, every person is innocent until and unless found guilty by a court of law or a tribunal. Whenever we reference “allegations” or charges that are “alleged,” such allegations or charges have not been proven, and are merely accusations, not findings of fault, as of the date of the blog. We do not have, nor do we undertake, a duty to continue to monitor or follow cases about which we report, and/or to publish subsequent updates regarding various developments that may occur in such cases. Readers are encouraged to conduct their own research regarding any such cases and any developments that may or may not have occurred in such cases. Also, the brokercheck report linked to some of our blogs is the up-to-date version as of the date of posting. Visitors may check the most recent version of each brokercheck report at www.finra.org.