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Real Estate Investment Losses with Centaurus Financial, Inc. Broker William Burks

Posted on Monday, March 1st, 2021 at 7:44 pm    

Centaurus Financial

Erez Law is currently investigating Centaurus Financial, Inc. broker William Burks (CRD# 2944992) regarding real estate investment losses. Burks has been registered with Centaurus Financial, Inc. in Flower Mound, Texas since 2000.

Burks has been the subject of eight customer complaints between 2010 and 2020, three of which were denied and one was closed without action, according to his CRD report. Recent complaints are regarding: 

November 2020. “During the period March 2016 to November 2020, the customer alleges that the Registered Representative misrepresented investments and that the investments have not performed as anticipated.” The customer case is currently pending. The complaint was regarding real estate securities and took place while Burks was registered with Centaurus Financial, Inc.

May 2018. “Beginning in or around the mid-2000’s, through 2018, the customers allege that the Registered Representative misrepresented unsuitable investments and breached his fiduciary duty.” The customer sought $415,000 in damages and the case was settled for $52,750. The complaint was regarding real estate securities and took place while Burks was registered with Centaurus Financial, Inc.

Pursuant to FINRA Rules, member firms are responsible for supervising a broker’s activities during the time the broker is registered with the firm. Therefore, Centaurus Financial, Inc. may be liable for investment or other losses suffered by Burks’ customers.

Erez Law represents investors in the United States for claims against brokers and brokerage firms for wrongdoing. If and have experienced investment losses, please call us at 888-840-1571 or complete our contact form for a free consultation. Erez Law is a nationally recognized law firm representing individuals, trusts, corporations and institutions in claims against brokerage firms, banks and insurance companies on a contingency fee basis.