William Lee Campbell (CRD #1180015, Peekskill, New York

October 22, 2024 – An AWC was issued in which Campbell was assessed a deferred fine of $10,000, suspended from association with any FINRA member in all capacities for nine months, and ordered to pay deferred disgorgement of commissions received in the amount of $28,904.40, plus interest. Without admitting or denying the findings, Campbell consented to the sanctions and to the entry of findings that 30 Disciplinary and Other FINRA Actions December 2024 he unsuitably recommended that five customer households, which included multiple seniors, invest in limited partnerships formed to acquire and develop oil and gas properties without having a reasonable basis to believe the investments were suitable for the customers based on their investment profiles. The findings stated that the customer households were all seeking low-risk investments to provide monthly income. However, according to the limited partnerships’ prospectuses, investments in the partnerships involved a “high degree of risk,” and these limited partnership interests were appropriate only for investors willing and able to assume the risk of a “speculative, illiquid, and long-term investment.” Campbell received $28,904.40 in commissions from the households’ investments in the limited partnerships. The suspension is in effect from October 22, 2024, through July 21, 2025. (FINRA Case #2019063686209) If you have suffered losses as a result of William Lee Campbell's act and/or actions, we would like to hear from you. We are currently investigating claims on behalf of clients who have suffered significant losses in their portfolios that are managed by William Lee Campbell. The Schwartz Law Firm represents investors in claims against financial advisors and their firms. If you have questions about your potential claim or need assistance from an investment fraud lawyer, please contact us at 866-618-0545 or email Matthew Schwartz directly at mschwartz@tslfirm.com.