Last Updated: December 2023 (Seminole, Florida)
Bill Sines Investigation Summary
Here’s what you need to know about Seminole, FL, stockbroker Bill Sines:
- Name: Mr. William C. Sines
- Current Employer: Berthel Fisher & Company Financial Services, BFC Planning Inc. (RIA)
- DBA: Senior Financial Services
- Previous Firms: Kalos Capital Inc., SII Investments, Pruco Securities
- Function: Stock Broker/ Financial Advisor/ Registered Investment Advisor
- Aliases: Bill Sines, William Sines
- Primary Location: Seminole, Florida
- CRD 2190586
- Can Bill Sines be sued in FINRA arbitration: Yes
- Sanctioned by FINRA: No
- Highest Settlement or Award: $36,000
Discuss your case with experienced investment fraud lawyer Bob Rex at (877) 224-3199 for a free consultation.
Did You Lose Money With Bill Sines As Your Stockbroker?
Bill Sines discloses two customer disputes that were settled. One customer complained that Sines made unsuitable recommendations. In the other case the customer alleged that Sines sold her two variable annuities that were improper and unsuitable.
Several other customers have made complaints to the company. In one instance the customer alleges that Sines made an unsuitable recommendation when he had her liquidate of an annuity to invest in a REIT. In another the customer alleged that investments in illiquid REITs are unsuitable. In these cases the firm denied the claims and the customers did not pursue the matter further. See below for our advice if a brokerage firm ‘denies’ your allegations of wrongdoing.
Alternative Investments: These are assets that are not stocks, bonds or cash. Alternative investments generally fall within five categories: hedge funds, private capital, natural resources (oil and gas, energy), real estate (REITs) and infrastructure. They are typically less liquid that conventional investments, less regulated with higher fees and generally higher risk.
Allegations of Broker Misconduct Against Bill Sines
Customers of Bill Sines have alleged the following wrongdoing in connection with the handling of customer accounts:
- Unsuitable Investment Recommendations to invest in illiquid REITs
- Unsuitable recommendation to liquidate annuity and invest in a REIT
The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.
Has Your Brokerage Firm “Denied” Your Claim for Damages Due to Stockbroker Malpractice?
It is quite common, as well as predictable, for brokerage firms to deny a customer’s complaint made directly to the company. Firms know that in many, if not most, instances telling the customer “we don’t think it’s our fault” will be an end to the problem. In other words, it’s generally a waste of your time to sit down with the office manager & the broker.
Firms seldom, if ever, offer any resolution when a customer deals directly with them, or if they do, will attempt to have you settle your case for a fraction of what it is actually worth.
We suggest that if you think there is a problem with the way your account has been handled, or if you have had your claim “denied”, talk to an experienced securities attorney.
Recover Your Investment Losses Now With Rex Securities Law
If you have suffered investment losses in an account handled by Bill Sines, contact us for a complimentary consultation with an experienced securities lawyer to learn how you may be able to recover damages through FINRA arbitration.
With offices in Boca Raton, FL and Austin, TX, stockbroker fraud attorney Bob Rex provides representation to investors nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers, financial advisors and broker dealers.
If you have questions about how your account has been handled, call (877) 224-3199 to speak with an experienced securities attorney at no cost to you.
Most cases are handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.
