Broker settles with FINRA for unsuitable recommendations involving REITs, BDCs

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

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