(CRD #2944992, Copper Canyon, Texas)

August 21, 2025 – An AWC was issued in which William Burks was fined $10,000 and suspended from association with any FINRA member in all capacities for four months. Without admitting or denying the findings, Burks consented to the sanctions and to the entry of findings that he recommended that three customers invest an unsuitably high concentration of their accounts in alternative investments which were illiquid or had limited liquidity and subjected the customers to a substantial risk of loss. The findings stated that the investments included non-traded real estate investment trusts (REITs), business development companies (BDCs), and interval funds. Each of the three customers had a low or moderate risk tolerance and two had investment objectives of preserving capital and generating income, which was not reflected on the transaction paperwork submitted to the firm. Each of the customers have filed an arbitration concerning the recommendations at issue, and two of the customers have reached settlements of those claims. The suspension is in effect from September 15, 2025, through January 14, 2026. (FINRA Case #2021072047201) If you have suffered losses as a result of William Burks's act and/or actions, we would like to hear from you. We are currently investigating claims on behalf of clients who have suffered significant losses in their portfolios that are managed by William Burks. The Schwartz Law Firm represents investors in claims against financial advisors and their firms. If you have questions about your potential claim or need assistance from an investment fraud lawyer, please contact us at 866-330-6707 or email Matthew Schwartz directly at mschwartz@tslfirm.com.