Soreide Law Group is investigating possible investor claims against securities broker Bill Burks (also known as William Charles Burks II) (CRD: 2944992, Flower Mound, TX). Specifically, Financial Industry Regulatory Authority (FINRA) BrokerCheck discloses that investors disputed the sales practices of the securities broker, who worked for Centaurus Financial Inc. Evidently, one or more investors alleged that Burks made unsuitable recommendations. Here is a brief summary of the disclosures about Burks.
Notably, a client of Centaurus Financial Inc. contested Bill Burks’s sales practices by filing FINRA Arbitration: 22-02261 on October 4, 2022. Allegedly, Burks made unsuitable recommendations. Supposedly, Burks caused the client to sustain damages by investing in real estate securities. Therefore, the client seeks compensatory relief from Centaurus Financial Inc. or Burks in this ongoing matter.
Evidently, a Centaurus Financial Inc. client filed FINRA Arbitration: 12-00316 about Bill Burks. Namely, the client alleged unsuitable transactions. Because of this, the client allegedly sustained damages by investing in real estate securities. Therefore, on July 5, 2022, Centaurus Financial Inc. settled this matter by paying the client $115,000 in damages.
Also, a Centaurus Financial Inc. client filed FINRA Arbitration: 21-01536 about Bill Burks. Namely, the client alleged that Burks made unsuitable recommendations. Because of this, the client allegedly sustained damages by investing in real estate securities. Therefore, on May 26, 2022, Centaurus Financial Inc. settled this matter by paying the client $249,000 in damages.
Evidently, a client of Centaurus Financial Inc. contested Bill Burks’s sales practices by filing FINRA Arbitration: 21-00317. Allegedly, Burks made misrepresentations and recommended investments that poorly performed. Supposedly, Burks caused the client to sustain damages by investing in real estate securities. Therefore, Centaurus Financial Inc. opted to settle the matter on April 4, 2022, by compensating the client in the amount of $49,999.
Moreover, a Centaurus Financial Inc. client filed FINRA Arbitration: 21-01765 about Bill Burks. Namely, the client alleged that Burks acted in breach of fiduciary duty. Because of this, the client allegedly sustained damages by investing in real estate securities. Therefore, on August 25, 2021, Centaurus Financial Inc. settled this matter by paying the client $20,000 in damages.
Additionally, a Centaurus Financial Inc. client filed FINRA Arbitration: 19-02703 about Bill Burks. Namely, the client alleged that Burks made misrepresentations and acted in breach of fiduciary duty. Because of this, the client allegedly sustained damages by investing in real estate securities. Therefore, on December 30, 2020, Centaurus Financial Inc. settled this matter by paying the client $52,750 in damages.
Have you suffered damages because of Bill Burks? You should get in touch with Soreide Law Group at (888) 760-6552 and speak with a securities attorney about a possible recovery of your investment losses. Soreide Law Group, who has successfully recovered money for many investors throughout the United States, can review your situation and explain your legal options. Also, the firm represents clients on a contingency fee basis and advances all costs. Burks and brokerage firms Burks worked for deny any and all allegations of sales practice violations.
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THEODORE WILLIAM BYRER (THEODORE W BYRER, TED BYRER) was registered as a broker with MORGAN STANLEY of Indianapolis, Indiana, from 11/11/2013 - 04/20/2023. He was most recently registered with INTERNATIONAL ASSETS ADVISORY, INC of Westfield, Indiana, from 05/09/2023 - 09/17/2024. According to his BrokerCheck CRD report, dated 7/23/2026, THEODORE W BYRER was suspended for 14 […]
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