William Lee Notrica of Newport Beach, California, a stockbroker registered with RBC Capital Markets LLC, has been discharged by the securities broker dealer on January 20, 2022, based upon allegations that Notrica engaged in discretionary trading.
Financial Industry Regulatory Authority (FINRA) Public Disclosure shows that Notrica is referenced in nine customer initiated investment related disputes concerning Notrica’s conduct while associated with securities broker dealers. On December 29, 2004, a customer initiated investment related NASD securities arbitration claim involving Notrica’s conduct was settled for $12,000.00 in damages based upon allegations that Notrica made unsuitable recommendations and engaged in unauthorized trading in mutual funds when Notrica was associated with First Union Securities Inc. FINRA Arbitration No. 02-02383.
On June 5, 2006, a customer initiated investment related NASD securities arbitration claim involving Notrica’s conduct was settled for $87,500.00 in damages based upon allegations that Notrica breached his fiduciary duties in connection with the recommendation and sale of over the counter equities when Notrica was associated with Wachovia Securities LLC. NASD Arbitration No. 02-06661.
Notrica was also referenced in a customer initiated investment related complaint filed on January 3, 2008, in which the customer requested compensation based upon allegations that Notrica engaged in unauthorized trading in over the counter equities and had inappropriately used margin when he was associated with RBC Dain Rauscher Inc.
Notrica’s stockbroker and investment adviser representative registration with RBC Capital Markets LLC was terminated on February 18, 2022. Notrica has been registered with Aegis Capital Corp. as a stockbroker and investment adviser representative since February 24, 2022.
