William Dean Byrd, of Tampa, Florida, a stockbroker formerly registered with Transamerica Financial Advisors, Inc., was named in a customer initiated investment related arbitration claim on June 2, 2016, which settled for $42,500.00 in damages based upon allegations that Byrd breached his fiduciary obligations to the customer, made misrepresentations concerning investments, and made investment recommendations that were not suitable for the customer.
FINRA Public Disclosure reveals that Byrd has been identified in two additional customer arbitrations concerning allegations of misconduct. Particularly, on March 3, 2014, a customer filed an investment related arbitration claim, in which the customer requested $111,360.59 in damages based upon allegations that Byrd, from 2011 to 2013, made investment recommendations which were unsuitable and which caused the customer to suffer investment losses.
Subsequently, on October 6, 2014, a customer initiated investment related arbitration matter which involved Byrd’s conduct was resolved for $83,500.00 in damages based upon allegations that Byrd made unsuitable investment recommendations which caused the customer to suffer investment losses.
Byrd’s registration with Transamerica Financial Advisors, Inc. ended on March 21, 2016. From March 1, 2016 to July 21, 2016, Byrd was registered with Invest Financial Corporation. Since September 2, 2016, Byrd has been registered with Capital Financial Services, Inc.
Guiliano Law Group
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