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Bill Burks-Centaurus Broker-Discloses Customer Disputes-Flower Mound, TX

Bill Burks-Centaurus Broker-Discloses Customer Disputes-Flower Mound, TX

Bill Burks-Centaurus Broker-Discloses Customer Disputes-Flower Mound, TX 150 150 Rex Securities Law

Bill Burks Investigation

November 2021, Flower Mound, TX

According to publicly available records William “Bill”  Burks II , (CRD# 2944992) , a  stockbroker who is registered with Centaurus Financial,  discloses 3 pending customer disputes and 8 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.

A Centaurus Finanical customer filed FINRA Case 21-1765 alleging that Burks recommended illiquid investments and breached his fiduciary duty. That case was settlement in 8/2021 for $20,000. 

In FINRA Case 19-2703, 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.   That case was resolved in 12/2020 for $52,750.  

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. 

in 2013 a customer of Centaurus Financial was paid $40,000 to resolve allegations that Burks mishandled their account and made transactions without their knowledge. 

There are currently three customer disputes pending, all of which relate to the purchase of real estate securities. The customers complain that the investments are unsuitable and are over concentrated. One of the customers seeks damages of $650,000. In the other two cases damage amounts are not specified. 

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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Rex Securities Law

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870

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