DID BILLY JAMES AYCOCK CAUSE YOU INVESTMENT LOSSES?
Billy Aycock Of Cabin Securities, Inc. And Formerly With Center Street Securities, Inc. Has 14 Customer Complaints For Alleged Broker Misconduct
Who is Billy Aycock of Cabin Securities, Inc.?
Billy Aycock (CRD #4069907) who is currently registered as a broker and investment adviser with Cabin Securities, Inc. and located in Overland Park, Kansas, is a subject of one of our many securities industry sales practice abuse investigations. Prior to Cabin Securities, Inc., Billy Aycock was associated with Arete Wealth Advisors, LLC, Center Street Securities, Inc. and other investment advisory and brokerage firms with a history of customer complaints and securities industry regulatory problems.
Investment Losses? Let’s talk.or, give us a ring at (800) 732-2889.
Billy Aycock Customer Complaints
Billy Aycock has been the subject of 14 customer complaints that we know about seeking to recover investment losses. All 14 of the customer complaints evolved into FINRA arbitration proceedings filed by customers of Billy Aycock against Center Street Securities that are still pending.
Allegations Against Billy Aycock
A sample of the allegations made in the FINRA reported arbitration claim settlements and/or pending complaints for investment losses are as follows:
- Failure to conduct proper due diligence and unsuitable recommendations involving GWG L bonds.
- Failure to conduct reasonable due diligence and unsuitable recommendations of corporate debt.
- Improper recommendations of unsuitable investments coupled with false representations about the safety of the securities sold.
- Recommendation of unsuitable investments and consistent with their financial situation, investment objectives and risk tolerance.
- Breach of fiduciary duty, breach of contract, and negligence. Violation of Illinois securities laws, and fraudulent inducement to hold REIT and corporate debt investments.
- Violation of Securities Exchange Act and Arizona Securities Act related to purchases of Northstar Health Care REIT and GWG L bonds.
- Violations of industry standards of care in reference to offer and sale of corporate debt.
- Violations of securities laws, breach of contract, common law fraud, breach of fiduciary duty, negligence, and gross negligence in reference to various private placements and corporate debt investments.
Billy Aycock Red Flags & Your Rights As An Investor
Of course, Billy Aycock did not admit to any of the allegations. But regardless of whether an arbitration award was entered, a settlement occurred, or the customer complaint is still pending, the allegations made by customers are red flags which should put all current and former customers of Billy Aycock at Cabin Securities, Inc. and Center Street Securities, Inc. on alert to review carefully the activity and performance of their accounts and question whether Billy Aycock has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at Cabin Securities, Inc. and Center Street Securities, Inc. also raises questions about the brokerage firms’ supervisory practices. If these red flags raise questions, call us and we will inform you of your rights as an investor.
Did You Lose Money Because of Broker Misconduct?
If you have lost money due to negligence or fraud by a stockbroker or advisor, the easiest way to know if you have a case is to call our office at 800-732-2889. Our investment fraud attorneys will evaluate your claim for free and let you know if we can help you recover your losses.
Need Legal Help? Let’s talk.or, give us a ring at 561-338-0037.
File A Claim To Recover Your Investment Losses At Cabin Securities, Inc. Due To Billy Aycock
If you have questions about Cabin Securities, Inc., Center Street Securities, Inc. and/or Billy Aycock and the management or performance of your accounts, please contact Attorney Pearce for a free initial consultation via email or Toll Free at 1-800-732-2889.
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