Haselkorn & Thibaut (InvestmentFraudLawyers.com) has opened an investigation into William Charles Burks II, a financial advisor currently registered with Centaurus Financial Inc. in Flower Mound, Texas. If you’ve invested with Bill Burks or The Burks Financial Group Inc., this comprehensive report contains critical information about his regulatory history that may affect your investments.
Understanding Bill Burks’ Professional Background
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William Charles Burks II operates as a stockbroker through Centaurus Financial Inc., doing business as The Burks Financial Group Inc. His career in the financial services industry spans multiple firms and business affiliations, including connections to Eyeballs Financial and Finntalk. Previously, Burks was registered with PFS Investments before joining his current firm.
Based in Flower Mound, Texas, Burks maintains an active registration status in the securities industry. However, his regulatory record reveals concerning patterns that investors should carefully consider.
Critical Red Flags in Bill Burks’ Regulatory History
Our investigation has uncovered several significant red flags in Burks’ professional record that warrant immediate attention:
1. Customer Dispute History
According to FINRA BrokerCheck records, Burks has been named in multiple customer disputes. These complaints represent serious allegations from investors who have experienced issues with their accounts under his management.
2. Pattern of Complaints
The nature and frequency of complaints against an advisor often indicate systemic issues in their business practices. Multiple complaints suggest recurring problems rather than isolated incidents, which should concern any current or prospective client.
3. Recent Regulatory Scrutiny
The timing of recent complaints and regulatory actions is particularly concerning. Recent issues may indicate ongoing problems in how the advisor manages client accounts and adheres to industry regulations.
Detailed Analysis of Customer Complaints
While specific complaint details are confidential due to privacy regulations, the existence of multiple customer disputes on Burks’ record represents a significant concern for investors. Here’s why these complaints matter:
| Type of Issue | Why It Matters to Investors |
|---|---|
| Customer Disputes | Indicates potential problems with investment recommendations or account management |
| Multiple Complaints | Suggests pattern of behavior rather than isolated incidents |
| Recent Activity | May indicate ongoing issues affecting current clients |
What This Means for Current Investors
If you currently have investments managed by Bill Burks or The Burks Financial Group Inc., you should immediately review your account statements and investment performance. Pay particular attention to:
- Unexplained losses in your portfolio
- Excessive trading activity (churning)
- Investments that don’t match your risk tolerance
- Unauthorized transactions or changes to your account
- Difficulty obtaining clear explanations about your investments
- Pressure to invest in specific products
Understanding Your Rights as an Investor
Many investors don’t realize they have specific rights when working with financial advisors. Federal and state securities laws protect investors from various forms of misconduct, including:
- Unsuitable investment recommendations that don’t align with your financial goals
- Misrepresentations or omissions about investment risks
- Breach of fiduciary duty when advisors put their interests ahead of yours
- Negligent supervision by the brokerage firm
Steps to Protect Your Investments
Taking immediate action is crucial if you have concerns about your investments with Bill Burks. Here’s what you should do:
- Document everything: Gather all account statements, correspondence, and notes from meetings
- Calculate your losses: Determine how much your portfolio has declined
- Review your investor profile: Ensure your stated risk tolerance matches your actual investments
- Seek professional guidance: Consult with experienced securities attorneys who understand your rights
Why Timing Matters in Investment Fraud Cases
Securities claims have strict time limitations, known as statutes of limitations. Waiting too long to take action could mean losing your right to recover losses. Additionally, evidence can disappear, and memories fade over time, making it harder to build a strong case.
The sooner you act, the better your chances of recovering your investment losses. Many investors successfully recover their losses through arbitration, but only when they take timely action with proper legal representation.
How Haselkorn & Thibaut Can Help
With over 50 years of combined experience in securities law, Haselkorn & Thibaut has achieved a 98% success rate in helping investors recover losses from advisor misconduct. The firm has recovered millions of dollars for clients nationwide and operates on a “No Recovery, No Fee” basis, meaning you pay nothing unless they recover money for you.
The firm’s expertise includes:
- FINRA arbitration proceedings
- Investment fraud investigations
- Unsuitable investment claims
- Breach of fiduciary duty cases
- Elder financial abuse matters
Take Action Today
If you’ve invested with Bill Burks at Centaurus Financial Inc. or The Burks Financial Group Inc., don’t wait to learn about your legal options. The experienced attorneys at Haselkorn & Thibaut can review your case at no cost and help you understand whether you have grounds for recovering your losses.
Call Haselkorn & Thibaut today at 1-888-885-7162 for a FREE, confidential consultation. Their team of experienced securities attorneys will review your case, explain your rights, and help you understand your options for recovering investment losses. Remember, there’s no fee unless they recover money for you.
Your financial future is too important to leave to chance. Take the first step toward protecting your investments by calling 1-888-885-7162 today.
