Last Updated: December 2023 (Flower Mound, TX)
Bill Burks Investigation Summary
Here’s what you need to know about Flower Mound, TX, stockbroker Bill Burks:
- Name: Mr. William Charles Burks, II
- Current Employer: Centaurus Financial Inc.
- DBA: The Burks Financial Group Inc.
- Previous Firms: PFS Investments
- Function: Stock Broker/ Financial Advisor
- Aliases: Bill Burks
- Primary Location: Flower Mound, TX
- CRD 2944992
- Can Bill Burks be sued in FINRA arbitration: Yes
- Sanctioned by FINRA: No
- Highest Settlement or Award: $249,000
- Pending Customer Dispute Seeks Damages of $580,000
Discuss your case with experienced investment fraud lawyer Bob Rex at (877) 224-3199 for a free consultation.
Did You Lose Money With Bill Burks As Your Stockbroker?
Bill Burks discloses seven cases that have been settled with customers, including:
- Customer of Centaurus Financial paid $249,000 to resolve allegations Burks overconcentrated his account with unsuitable investments.
- Customer of Centaurus Financial paid $115,000 to resolve allegations that Burks recommended high-risk investments
Burks has four pending customer disputes by Centaurus Financial customers, including a 8/2023 FINRA arbitration alleging that Burks recommended high-risk , illiquid and unsuitable investments in real estate securities and limited partnerships. Damages of $580,000 are sought in this pending matter.
Alternative Investments: These are assets that are not stocks, bonds or cash. Alternative investments generally fall within five categories: hedge funds, private capital, natural resources (oil and gas, energy), real estate (REITs) and infrastructure. They are typically less liquid that conventional investments, less regulated with higher fees and generally higher risk.
Allegations of Broker Misconduct Against Bill Burks
Customers of Bill Burks have alleged the following wrongdoing in connection with the handling of customer accounts:
- Unsuitable Investment Recommendation to invest in high-risk, illiquid investments
- Over-concentrated account
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.
Recover Your Investment Losses Now With Rex Securities Law
If you have suffered investment losses in an account handled by Bill Burks, contact us for a complimentary consultation with an experienced securities lawyer to learn how you may be able to recover damages through FINRA arbitration.
With offices in Boca Raton, FL and Austin, TX, stockbroker fraud attorney Bob Rex provides representation to investors nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers, financial advisors and broker dealers.
If you have questions about how your account has been handled, call (877) 224-3199 to speak with an experienced securities attorney at no cost to you.
Most cases are handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.
