Articles Tagged with unsuitable REIT lawyer

shutterstock_187083428-300x198Advisor William Burks (Burks), currently employed by Centaurus Financial, Inc. (Centaurus) has been subject to at least seven customer complaints and one criminal matter.  According to a BrokerCheck report some of the customer complaints concern alternative investments and direct participation products (DPPs) such as non-traded real estate investment trusts (REITs), oil & gas programs, annuities, and equipment leasing programs.  The attorneys at Gana Weinstein LLP have extensive experience handling investor losses caused by these types of products.

In May 2018 a customer filed a complaint alleging that Burks violated the securities laws by making unsuitable recommendations and the associated liquidity risks were not fully explained.  The claim alleges $415,000 in damages and is currently pending.

In January 2016 a customer complained that Burks violated the securities laws by making unsuitable recommendations and misrepresentations.  The claim alleges $32,000 in damages and was denied by the firm.

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