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Broker settles with FINRA for unsuitable recommendations involving REITs, BDCs

An image of the Centaurus statue in Pompeii. Italy.
Photo: Steve Christo – Corbis/Corbis via Getty Images

The SRO’s action directed toward an individual aligns with the Trump Administration’s focus on individual bad actors and not their employers, when possible.

A broker registered with Centaurus Financial was recently suspended from working in the securities industry for four months after FINRA learned that he had put as much as 91% of a client’s net worth into illiquid alternative investments.

The broker, William Burks, is based in