Billy Aycock Allegedly Recommended Risky Investments

Billy Aycock (CRD #: 4069907), a broker registered with Carin Securities, is the subject of several investor disputes. This is according to his BrokerCheck record, accessed on March 27, 2024. Keep reading if you have questions regarding his conduct. 

Investor Allegations 

On February 22, 2024, an investor alleged that Billy Aycock engaged in common law fraud and gross negligence regarding the following investments: Spring Hills Holdings, Tasty Brands, GWG L Bonds, Priority Income Fund, Archon Growth, and Income Residential. The investor is seeking $815,000. 

On February 5, 2024, investors alleged that Billy Aycock engaged in negligence and violated the Arizona Securities Act in reference to GWG L Bonds and Northstar Healthcare REIT. The investor is seeking $125,000. 

On January 30, 2024, an investor alleged that Billy Aycock did not conduct reasonable due diligence on GPB Waste Management and that the investment was unsuitable. The investor is seeking $100,000. 

On January 25, 2024, an investor alleged that Billy Aycock improperly recommended an unsuitable investment and failed to conduct his due diligence on a purchase of GWG L Bonds. The investor is seeking $1,050,000. 

What is an Unsuitable Investment?

FINRA Rule 2111 requires brokers to evaluate whether an investment strategy fits their investor’s financial goals. Brokers must examine the investor’s profile, which contains the following investor characteristics:

• Age
• Risk tolerance
• Time horizon (i.e., how long the investor plans to hold the investment)
• Investing experience
• Tax status
• Financial goals

Investors who rely on brokers for recommendations may be able to recover losses from unsuitable investment recommendations by pursuing FINRA arbitration.

Background Information 

Billy Aycock has passed the following exams: 

• Series 66 Uniform Combined State Law Examination
• SIE – Securities Industry Essentials Examination 
• Series 7 General Securities Representative Examination 
• Series 24 General Securities Representative Examination 
• Series 10 General Securities Sales Supervisor – General Module Examination 
• Series 9 General Securities Sales Supervisor – Options Module Examination 

He is a registered broker in 25 states and is a registered investment adviser in Tennessee. 

During his 22 years of experience, Billy Aycock has registered with 11 firms. These are the four most recent: 

• Cabin Securities (CRD #: 137608) 
• Arete Wealth Advisors (CRD #: 145488)
• Center Street Securities (CRD #: 26898)
• Center Street Advisors (CRD #: 169329) 

Kurta Law Can Help 

If you have worked with Billy Aycock and have concerns about your investments, do not hesitate to contact us at 877-600-0098 or info@kurtalawfirm.com for a free consultation. 

For nearly 20 years, Kurta Law has advocated for investors to recover their investment losses from brokers and brokerage firms. Kurta Law is a nationally recognized law firm that exclusively represents investors against brokers and brokerage firms on a contingency basis. This means that the firm only earns a fee if our securities attorneys recover money on your behalf. Do not let securities fraud go unchecked. Start your recovery process today.