William Mark Heiden, of Newport Beach, California, a stockbroker currently employed with Wedbush Securities, is the subject of a customer initiated investment related arbitration claim, where the customer has requested $41,835.00 in damages founded on accusations that investment recommendations relating to Clearbridge American Energy master limited partnership interests were not suitable for the customer, fiduciary obligations were breached, and the customer’s account had been handled in a negligent manner. Financial Industry Regulatory Authority (FINRA) Arbitration No. 17-03182 (Nov. 27, 2017).
FINRA Public Disclosure also confirms that on June 16, 2017, another customer-initiated investment related arbitration claim was filed concerning Heiden’s activities, where the customer sought $855,299.00 in damages supported by accusations of elder abuse and breach of fiduciary duty in reference to structured notes and stock investments effected in the customer’s investment portfolio. FINRA Arbitration No. 17-01473 (June 16, 2017).
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