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William Burks Investigated for Over $415,000 in Client Damages

Centaurus Financial Broker Accused of Misconduct

Registered broker and investment adviser William Charles Burks II (Bill Burks II) has again been accused of wrongdoing. A pending dispute against the broker alleges that he made unsuitable recommendations in high-risk, illiquid investments. Burks has several other customer disputes that have been settled.

At Meyer Wilson, we continue to investigate, arbitrate and litigate investment fraud and broker misconduct claims. Our firm has helped thousands of investors across the country. We have recovered over $350 million in investment losses and will help determine whether you have a valid claim for damages. 

If you suffered losses after investing with William Charles Burks II or another broker accused of wrongdoing, contact our office at (614) 532-4576 to schedule a free consultation. 

Pending Customer Dispute Against William Burks II

According to his BrokerCheck report, a pending customer dispute filed in October 2022 alleges that William Charles Burks II (Bill Burks II) recommended unsuitable investments that were high-risk and illiquid. 

Settled Disputes Against Bill Burks II

In total, Bill Burks II has 13 disclosures on his BrokerCheck report. Seven of the customer disputes regarding investment fraud and broker misconduct have been settled. All of the settled disputes were made while Burks was acting as a registered representative of Centaurus Financial, Inc. 

In the most recent dispute, Burks is accused of over-concentrating the client’s account in unsuitable investments. The matter was settled. A second customer dispute occurring in 2021 made similar allegations including that he recommended illiquid investments and breached the fiduciary duty owed to his client. The matter was also settled.

Earlier that year, two matters were settled, again accusing the broker of making unsuitable and high-risk investment recommendations in real estate securities resulting in losses. The misconduct reportedly occurred over the course of several years as evidenced by another dispute filed in 2018 making the same accusations.

Sustained Losses After Investing with William Burks II?

Did you suffer losses after investing with William Charles Burks II or another broker accused of misconduct? You might be entitled to recovery for your losses. Depending on the situation, you may be able to pursue arbitration or litigation. It is important to discuss your case with an attorney as soon as possible to determine the best course of legal action.

If you believe that your broker made unsuitable recommendations, material misrepresentations, or other forms of wrongdoing, contact our office immediately. Call (614) 532-4576 to schedule a free and confidential consultation. 

All investment fraud claim evaluations are provided without obligation to retain our services. Matters are handled on a contingency fee basis, meaning you pay no fees unless money is recovered on your behalf.

The information contained in The Firm’s posts on its blog, fraud alerts, investigations or elsewhere on the site is based upon information obtained from other sources including, but not limited to, news outlets and federal, state, and regulatory agency filings. All suspects and subjects of postings herein are presumed innocent until proven guilty in a court of law or administrative action and any and all crimes are alleged until a court or regulatory agency finds otherwise .

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