RBC Capital Markets Accused Of Failure To Execute
William Reilley Herf of Scottsdale Arizona a stockbroker currently associated with RBC Capital Markets LLC has been referenced in a customer initiated investment related written complaint on May 14, 2020 in which the customer requested $97,000.00 in damages supported by allegations that the customer’s investment instructions of liquidating an equity portfolio had not been followed by Herf which resulted in losses for the RBC Capital Market customer.
Herf has been identified in two additional customer initiated investment related disputes concerning accusations of his misconduct when he was associated with Stifel Nicolaus Company and BC Ziegler Company. Financial Industry Regulatory Authority (FINRA) Public Disclosure reveals that a customer initiated investment related complaint in reference to Herf’s conduct was resolved for $42,500.00 in damages based upon accusations of the BC Ziegler customer being placed into an Erickson private placement which was unsuitable given the customer’s tolerance for risk. The claim alleges that the stockbroker’s investment recommendations were unsuitable.
On December 26, 2018, another customer filed an investment related complaint involving Herf’s conduct in which the customer requested $130,000.00 in damages based upon allegations that risky mutual fund transactions effected in the Stifel Nicolaus customer’s account were not appropriate and had resulted in unwarranted losses.
Herf has been registered with RBC Capital Markets since October 21, 2019.