William R. Hambrecht— Outside Business Activity

investment fraud attorneysWilliam R. Hambrecht Allegedly Failed to Disclose Eight Unsatisfied Judgments in a Timely Fashion Relating to Outside Businesses Totaling Approximately $22.5 Million

William R. Hambrecht allegedly willfully failed to amend his Form U4 in order to timely disclose eight unsatisfied judgments, according to a recent FINRA Letter of Acceptance, Waiver and Consent (AWC).

Said judgments relate to outside businesses totaling approximately $22.5 million, which were entered against him between April 2012 and August 2013, the aforementioned AWC also notes.

William R. Hambrecht Suspended and Fined $15,000 by FINRA for Allegedly Failing to Disclose Eight Unsatisfied Judgments

William R. Hambrecht, who first entered first became registered with FINRA in May 1968, allegedly failed to disclose his outside business activity when answering the question on his Form U4 which asks: Do you have any unsatisfied judgments or liens against you?”, according to the AWC.

William R. Hambrecht, who, from July 1998 to March 2016, was registered through W.R. Hambrecht & Co., allegedly did not disclose said judgments on his Form U4 until either April 2014 or July 2014, the AWC notes.

Based on the foregoing, Hambrecht allegedly violated FINRA Rules, and thus drawing the aforementioned fine and suspension, the AWC reports. One should also note that, according to the AWC, William R. Hambrecht neither admitted nor denied the FINRA findings.

The Peiffer Rosca Wolf Securities Lawyers Often Assist Investors

The Peiffer Rosca Wolf securities lawyers assist investors who lose money as a result of brokers engaging in undisclosed outside business activities.  They take most cases of this type on a contingency fee basis and advance the case costs, and only get paid for their fees and costs out of money they recover for their clients.

Investors who believe they lost money as a result of brokers conducting undisclosed outside business activities are encouraged to contact the securities lawyers at Peiffer Rosca Wolf, Alan Rosca or Joe Peiffer, for a free, no-obligation evaluation of their recovery options, at 888-998-0520.

Alan Rosca (1123 Posts)

Alan is a securities lawyer. He also teaches Securities Regulation at the Cleveland-Marshall College of Law. He focuses his legal practice on complex commercial and financial litigation and arbitration, particularly in the areas of securities and investment fraud. His office is in Cleveland, Ohio.


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 blogs 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.