William Charles Sines (also known as Bill Sines) of Seminole Florida a stockbroker currently registered with Berthel Fisher Company Financial Services Inc. is the subject of a customer initiated investment related complaint on July 23, 2019 in which the customer sought $38,651.89 in damages founded on allegations that unsuitable investment recommendations and high pressure sales tactics had been utilized by Sines to steer the customer towards liquidating her investments to purchase a real estate investment trust that failed to be suitable for the customer.
Financial Industry Regulatory Authority (FINRA) Public Disclosure confirms that Sines has been identified in three more customer initiated investment related disputes containing accusations of his violative conduct while employed with Kalos Capital and SII Investments Inc. In particular, Sines is referenced in a customer initiated investment related arbitration claim which was resolved for $36,000.00 in damages based upon allegations that when Sines was associated with SII Investments Inc., the customer had been placed into variable annuity products that failed to be suitable given the customer’s objectives for investing, needs or investment circumstances.
Another customer filed an investment related complaint involving Sines’ activities where the customer requested damages estimated to exceed $5,000.00 supported by accusations that the customer had been sold real estate investment trust products that failed to be suitable given the customer’s needs for liquidity. Also, a customer initiated investment related complaint concerning Sines’ activities was settled for $19,737.00 in damages on March 2, 2018 founded on allegations that during the time that Sines was employed by Kalos Capital Inc., mutual fund and real estate security transactions executed in the customer’s account were unsuitable for the customer.
Sines was employed by SII Investments Inc. between September 20, 1997 and August 24, 2015; and Kalos Capital Inc. between August 24, 2015 and June 28, 2018. He has been employed with Berthel Fisher Company Financial Services since June 29, 2018.
