Customers filed a pending arbitration on September 17, 2026, naming William Burks (CRD 2944992) and Centaurus Financial. BrokerCheck shows their allegations involve illiquid investments. Burks denies the claim, and no arbitrator has ruled on it.
The same report lists settled disputes filed from 2023 through 2025. A settlement is not an admission of wrongdoing.
The record starts with docket 23-01378, filed May 23, 2023. A customer alleged that William Burks recommended unsuitable, risky low-value investments. BrokerCheck lists penny or microcap stock as the product. That dispute settled on September 4, 2025, for $225,000.
Then came docket 23-02233, filed August 23, 2023. Those customers alleged unsuitable, high-risk and illiquid recommendations from August 2017 through February 2019, plus a breach of fiduciary duty. Alleged damages reached $580,000. That limited partnership dispute settled on November 19, 2024, for $299,000, and Burks "vehemently denied any wrongdoing" in a statement.
Docket 24-00320, filed February 21, 2024, also involved a limited partnership. Customers alleged unsuitable, high-risk, illiquid investments and a breach of fiduciary duty. They listed $1,000,000 in alleged damages, and the settlement amount was $287,500.
Later, docket 24-01693 followed on August 20, 2024. That customer alleged unsuitable, illiquid, speculative investments and a breached fiduciary duty. The dispute listed $200,000 and settled on October 30, 2025, for $70,000.
William Burks answered these claims in similar terms. He called the allegations "completely without merit" and said "my broker/dealer unilaterally and without my agreement" settled. He also said he made no monetary contribution.
Docket 25-02519 arrived on November 24, 2025, with $80,000 in alleged damages. The customer alleged that William Burks recommended a speculative, illiquid investment. BrokerCheck labels the product an alternative investment.
That dispute settled on February 19, 2026, for $17,500. Burks' statement there repeats his denial and says he contributed no money.
A statement on BrokerCheck is the broker's side of a dispute, in the broker's own words. It carries no ruling from anyone. A firm can also settle a claim on terms its broker opposes.
When we review a report like this, we read each statement alongside the customer's allegation. Neither one is an outcome. That holds for William Burks' report as it does for any other.
The newest matter is docket 26-02032, and it remains pending. According to BrokerCheck, the customers allege that William Burks recommended and misrepresented high-risk, illiquid investments. They list $99,000 in alleged damages, and the product label reads non-traded REIT or real estate. The disclosure adds that the Statement of Claim identified no specific dates for the alleged activity.
In a statement on BrokerCheck, Burks said he "vehemently" denies any wrongdoing. He said the investments were suitable and based on the customer's objectives, goals and financial circumstances. He also said the customers confirmed in writing that they received the documentation and understood the risks.
Every FINRA member firm must supervise its brokers. Investors with questions about an account William Burks handled can call Soreide Law Group at (888) 760-6552. You can also reach us online. Our attorneys represent investors in FINRA arbitration nationwide. We take these cases on a contingency fee basis. You can read more about how FINRA arbitration works.
This post summarizes public FINRA records, including BrokerCheck, as of November 4, 2026. Allegations in customer complaints and arbitrations are claims, not findings. Pending claims remain open and undecided. A settlement is also not an admission of wrongdoing. FINRA may also update or correct these records after that date.
An $8,500,000 customer arbitration filed September 29, 2026, names Joseph Langlois (CRD 4216281) and Dfpg Investments. BrokerCheck shows the customer's allegations about alternative investments are pending and unproven. No arbitrator has ruled on them.
Colorado securities law is among the grounds in a pending arbitration filed October 14, 2026, naming Ryan Finch (CRD 6379871). The claimants list $450,000 in alleged damages over a limited partnership investment at Emerson Equity.
Customers filed a pending arbitration on September 17, 2026, naming William Burks (CRD 2944992) and Centaurus Financial. BrokerCheck shows their allegations involve illiquid investments. Burks denies the claim, and no arbitrator has ruled on it.
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