Update; $300,000 Complaint Against Capital Financial’s William Byrd

William Byrd

Publicly available records published by the Financial Industry Regulatory Authority (FINRA) on April 18, 2017 indicate that Florida-based Capital Financial Services broker/adviser William Byrd has received a new pending customer dispute. Fitapelli Kurta is interested in speaking to investors who have complaints regarding Mr. Byrd (CRD# 1334634).

William Byrd has spent 33 years in the securities industry and has been registered with Capital Financial Services in Tampa, Florida since September 2016. Previous registrations include Invest Financial Corporation in Tampa, Florida (2016); TransAmerica Financial Advisors in Tampa, Florida (2001-2016); Pruco Securities Corporation in Newark, New Jersey (1992-2001); Merrill Lynch Pierce Fenner & Smith in New York, New York (1990-1992); American Express Financial Advisors in Minneapolis, Minnesota (1988-1990); IDS Life Insurance Company in Minneapolis, Minnesota (1988-1990); Cigna Securities (1987-1988); and Security First Financial (1985-1988). He has passed six securities examinations: Series 65 (Uniform Investment Adviser Law Examination), which he obtained on June 15, 1998; Series 63 (Uniform Securities Agent State Law Examination), which he obtained on February 11, 1988; SIE (Securities Industry Essentials Examination), which he obtained on October 1, 2018; Series 7 (General Securities Representative Examination), which he obtained on October 15, 1988; Series 22 (Direct Participation Programs Representative Examination), which he obtained on August 25, 1986; and Series 6 (Investment Company Products/Variable Contracts Representative Examination), which he obtained on February 4, 1985. He is a registered broker and investment adviser in Florida.

According to his BrokerCheck report, he has received three customer complaints and one pending customer complaint.

In February 2019 a customer alleged William Byrd, while employed at Transamerica Financial Advisors, sold an unsuitable concentrated mutual fund trades and investments, did not have any “reasonable investment strategy,” and designed an investment strategy with the sole aim of maximizing commissions. The customer is seeking $300,000 in damages in the pending complaint.

In October 2018 Bank of America filed a civil judgment or lien totaling $47,782 against him. The judgment or lien remains outstanding.

In 2017 a customer alleged William Byrd, while employed at Transamerica Financial Advisors, made misrepresentations of material facts and unsuitable investment recommendations. The complaint settled for $42,000.

In 2016 a customer alleged William Byrd, while employed at Transamerica Financial Advisors, made misrepresentations of material facts, breached his fiduciary duty, and made unsuitable investment recommendations. The complaint settled for $42,500.

In 2014 a customer alleged he, while employed at Transamerica Financial Advisors, unsuitably recommended certain mutual funds and equities. The complaint settled in for $83,500

If you or someone you know has a complaint regarding William Byrd, call Fitapelli Kurta at 877-238-4175 for a free consultation. You may be eligible to recoup lost funds. Fitapelli Kurta accepts every case on contingency: we only get paid if and when you collect money. Time to file your claim may be limited, so we recommend you avoid delay. Call 877-238-4175 now to speak to an attorney for free.