January 2019, Flower Mound, TX
According to publicly available records William “Bill” Burks II , (CRD# 2944992) , a stockbroker who is registered with Centaurus Financial, discloses a pending customer dispute and 6 prior customer disputes .
The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.
In a pending matter, in May 2018 a customer of Centaurus Financial alleged that a recommendation made by Burks to invest in a real estate investments was unsuitable and the associated liquidity risks were not fully explained. The customer seeks damages of $415,000.
In a prior customer dispute in 2011, a customer of Centaurus Financial alleged that Burks made inappropriate recommendations. To resolve the matter Centaurus cancelled two non publicly traded REIT investments totalling $955,291 and arranged for the reversal of five variable annuity withdrawals of over $1 million.
Burks has been employed with Centaurus Financial since August 2000.
If you have losses in an account in an account handled by Bill Burks contact us for a no charge consultation to learn how you may be able to recover damages from his employer through FINRA arbitration.
Rex Securities Law , with offices in Boca Raton, FL, and Austin, TX, provides representation to investors nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.
Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.
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