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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

Our practice is limited to the representation of investors. We accept representation on a contingent fee basis, meaning there is no cost to you unless we make a recovery for you. There is never any charge for a consultation or an evaluation of your claim. For more information, contact us at (877) SEC-ATTY.

For more information concerning common claims against stockbrokers and investment professionals, please visit us at securitiesarbitrations.com

To learn more about FINRA Securities Arbitration, and the legal process, please visit us at securitiesarbitrations.com