Haselkorn & Thibaut has launched an investigation into Billy James Aycock (CRD# 4069907), a seasoned financial advisor and broker with Cabin Securities, Inc. located in Overland Park, Kansas. If you are an investor who worked with Mr. Aycock—especially during the past year—it’s essential to understand his recent disclosure history and what it might mean for your investments. With over five decades of combined experience, a 98% success rate, and millions recovered for clients, Haselkorn & Thibaut specializes in helping investors recover losses due to potential securities fraud or unsuitable investment recommendations. They offer free consultations and work on a “no recovery, no fee” basis.
Who is Billy James Aycock? Background and Credentials
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Billy James Aycock is a registered broker and investment advisor with 24 years in the securities industry. He is currently affiliated as a representative and advisor with Cabin Securities, Inc. in Overland Park, KS, and also holds investment advisor registration with Cabin Advisors, LLC in Tennessee. Over his career, Mr. Aycock has worked at a total of eleven different firms and maintains state licenses in 26 states.
As of December 2025, there is no indication that Aycock is barred or suspended by any financial regulator. He remains an active broker and investment advisor.
Summary Table: Billy James Aycock (CRD# 4069907) at Cabin Securities, Overland Park, KS
| Years of Experience | 24 |
|---|---|
| Total Number of Firms | 11 |
| Current Firms | Cabin Securities, Inc.; Cabin Advisors, LLC |
| Active States Licensed | 26 |
| Disclosures | 17 customer disputes (all in 2024) |
| Regulatory Status | Active, not barred |
Haselkorn & Thibaut’s Investigation: Why This Matters for Investors
Haselkorn & Thibaut has opened a focused investigation following a surge in customer dispute filings involving Mr. Aycock in 2024. The concern centers on a remarkable cluster of 17 customer complaints—all lodged within the same year—citing a range of allegations with a concentration on particular types of alternative investments.
Key Red Flags for Investors:
- Spike in Customer Complaints: All 17 disclosures were made between January and November 2024—a highly unusual concentration compared to the industry average.
- Nature of Allegations: The disputes frequently accuse Aycock of breach of fiduciary duty, negligence, failure to supervise, unsuitable recommendations, and violations of state and federal securities laws.
- Consistent Defense Without Direct Involvement: In each case, Aycock asserts he had no direct interaction with claimants and denies responsibility, often stating he was not the supervisor for the contested transactions.
- Settlement Patterns: Sixteen of the complaints have been settled for amounts between $3,000 and $18,000, which is considerably lower than the typical damages requested ($100,000–$815,000). One dispute remains pending as of the end of November 2024.
Complete List of 2024 Complaints
For full transparency, here is a detailed breakdown of each reported dispute:
-
Pending (Nov 20, 2024): Allegations of breach of fiduciary duty, negligence, breach of contract, and securities law violations.
Requested: $100,000
Status: Pending -
Settled (Apr 10, 2024): iCap Equity LLC notes—unsuitability, misrepresentation, breach of fiduciary duty, negligence.
Requested: $300,000
Settled For: $3,000 -
Settled (Mar 29, 2024): Claims of federal and state securities law violations, negligence, and fraud.
Requested: $412,371
Settled For: $5,000 -
Settled (Feb 22, 2024): Relating to Spring Hills Holdings, Tasty Brands LP, GWG L Bonds, and others—alleging fraud, breach of fiduciary duty.
Requested: $815,000
Settled For: $18,000 -
Settled (Feb 5, 2024): GWG L Bonds and NorthStar Healthcare REIT—breach of fiduciary duty, fraud, and SEC violations.
Requested: $125,000
Settled For: $4,000 -
Settled (Jan-Feb 2024, 12 Additional Complaints): Patterns include breach of fiduciary duty, negligence, fraud, unsuitable investments, and failure to supervise, often tied to products like GWG L Bonds, iCap Equity LLC notes, Spring Hills Holdings, Priority Income Fund, and others.
Requested Amounts: $100,000 – $815,000
Settled For: $3,000 – $18,000 per case
A full record of these disclosures can be reviewed publicly via FINRA BrokerCheck.
What Does This Mean for Investors? Key Takeaways
- Cluster of Complaints: Seventeen disputes in a single year is far above normal for the industry and could signal issues with oversight or product suitability.
- Commonly Cited Products: Most cases involve GWG L Bonds, iCap Equity LLC notes, various private placements, and REITs—all alternative investments known for higher risk and complexity.
- Regulatory Status: Despite these complaints, Aycock remains a registered, active broker and advisor. He has not been barred or suspended by any regulator.
- Investor Options: If you’ve experienced losses while investing through Mr. Aycock—particularly in these types of products—you may have the right to pursue recovery.
Haselkorn & Thibaut: How We Can Help
With a 98% success rate and millions recovered for investors nationwide, Haselkorn & Thibaut offer seasoned guidance and advocacy at no upfront cost to you. If you or someone you know invested with Billy James Aycock or Cabin Securities, Inc. in Overland Park, Kansas and suffered significant losses in non-traded products, alternative investments, REITs, or similar vehicles, now is the time to act.
Contact Haselkorn & Thibaut Today: 1-888-885-7162 for your free, confidential case evaluation. Remember—there is no recovery, no fee. Your time to act may be limited, so don’t wait if you’re concerned about your investments or need help understanding your options.
Don’t let uncertainty about your investments linger—speak with the experts at Haselkorn & Thibaut and get the answers you deserve.
