William Charles Burks II of Flower Mound, Texas, a stockbroker currently employed by Centaurus Financial, Inc. is the subject of a customer initiated investment related written complaint on May 15, 2018 in which the customer requested $415,000.00 in damages supported by allegations that the customer was not provided adequate information pertaining to risks of real estate securities, and unsuitable transactions were placed in the customer’s account.
Financial Industry Regulatory Authority (FINRA) Public Disclosure reveals that Burks has been identified in six additional customer initiated investment related disputes containing accusations of Burks’ misconduct while employed with Centaurus Financial, Inc. In particular, on January 22, 2010, a customer filed an investment related written complaint regarding Burks’ conduct where the customer sought $15,000.00 in damages founded on allegations that omissions had been made concerning the features and surrender penalties of a variable annuity contract when it was purchased by the customer.
On March 23, 2011, another customer initiated investment related complaint involving Burks’ conduct was settled to resolve accusations that Burks recommended and implemented an unsuitable investment strategy for the customer consisting of investments in real estate investment trust and variable annuity products. Further, on October 5, 2011, a customer filed an investment related written complaint concerning Burks’ activities in which the customer requested $200,000.00 in damages based upon allegations that the customer’s variable annuity account was mishandled.
On April 30, 2013, another customer initiated investment related claim regarding Burks’ conduct was settled for $40,000.00 in damages supported by accusations that the customer’s signatures were forged by Burks on account documentation, and variable annuity and real estate security transactions had been executed by Burks without the customer’s consent.
Moreover, on December 31, 2013, a customer filed an investment related complaint involving Burks’ activities in which the customer requested unspecified damages founded on allegations that Burks’ poor advice caused the customer to incur undue fees and tax liability. In addition, on January 27, 2016, a customer filed an investment related claim concerning Burks’ conduct where the customer sought $32,000.00 in damages based upon accusations of misrepresentation and suitability pertaining to real estate securities and variable annuity products.
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