William Dean Byrd, of Tampa, Florida, a stockbroker formerly registered with Transamerica Financial Advisors, Inc., is the subject of a customer initiated investment related arbitration claim, which settled on January 19, 2017, for $100,000.00 in damages based upon allegations that Byrd made misrepresentations to the customer concerning mutual fund investments and effected transactions in the customer’s account that were not suitable.
Financial Industry Regulatory Authority (FINRA) Public Disclosure reveals that Byrd has been identified in three more customer initiated investment related disputes pertaining to allegations of his wrongdoing while associated with Transamerica Financial Advisors, Inc. Specifically, on March 3, 2014, a customer filed an investment related written complaint involving Byrd’s conduct, in which the customer requested $111,360.59 in damages based upon allegations that Byrd made unsuitable investment recommendations to the customer about closed-end exchange traded funds and mutual fund products.
Additionally, on December 7, 2015, a customer initiated investment related arbitration claim regarding Byrd’s activities was resolved for $83,500.00 in damages based upon allegations that Byrd caused the customers to sustain losses on mutual fund and stock investments by making inappropriate investment recommendations. Further, on November 10, 2016, a customer initiated investment related arbitration claim involving Byrd’s conduct was settled for $42,500.00 in damages supported by allegations that Byrd breached his fiduciary obligations to the customer, and induced the customer’s unit investment trust transactions by misrepresenting investments in precious metal products.
Byrd’s registration with Transamerica Financial Advisors, Inc. was terminated on March 21, 2016. He has been associated with Capital Financial Services, Inc. since September 2, 2016.
Guiliano Law Group
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