Advisor Alert: Our Attorneys Are Investigating Billy James Aycock For Investment Fraud

Chetan Patil on March 4, 2024

Did You Lose Money Because of Billy Aycock?

Filed: March 4, 2024

Billy Aycock currently has thirteen (13) pending customer complaints. Overall, he has been the subject of thirteen (13) customer complaints. As an investor, you may be entitled to compensation for losses accrued due to mismanagement of your investments.

Let’s begin our Patil Law Advisor Alert with a summary report on Billy James Aycock.

Who Is Billy James Aycock of Cabin Securities, Inc. and Cabin Advisors, LLC?

  • Advisor Name: Billy James Aycock
  • Aliases: Billy Aycock
  • CRD: 4069907
  • Location: Overland Park, Kansas and Nashville, Tennessee
  • Current Employer: Cabin Securities, Inc. and Cabin Advisors, LLC
  • Previous Firms: Arete Wealth Advisors, LLC, Center Street Securities, Inc., and Center Street Advisors, Inc.
  • Number of Known Customer Complaints: 13
  • Can Billy Aycock Be Sued: Yes, in Private Arbitration
  • Can Billy Aycock’s Employers Be Sued For Failing to Supervise Actions: Yes, in Private Arbitration
  • Highest Damages Allegation: $1,050,000
  • Highest Settlement: Unknown

If you have suffered investment losses by Billy Aycock, we strongly encourage you to exercise your rights to experienced legal representation. Recover what is owed to you by retaining a breach of fiduciary duty lawyer. Reach out to the legal team at Patil Law, P.C. via the secure online form or call the firm directly toll-free at 1-800-950-6553.

Customer Complaints Filed Against Billy Aycock For Broker Misconduct

As of this publication date, Billy Aycock has been the subject of 13 customer disputes. Let’s review them below.

In February 2024, a FINRA arbitration was filed against or in reference to Billy Aycock by a customer of Center Street Securities, Inc. alleging breach of fiduciary duty, breach of contract and negligence, negligent supervision, violations of Ill securities law, fraudulent inducement to hold investment, control person aider and abettor liability, aiding and abetting of breach of fiduciary duty specifically referencing Hospitality REIT and GWG L Bonds. Per the customer, he/she lost over $200,000 because of Mr. Aycock’s actions. As of this publication date, this claim remains pending.

In February 2024, a FINRA arbitration was filed against or in reference to Billy Aycock by a customer of Center Street Securities, Inc. alleging breach of fiduciary duty, breach of contract and negligence, negligent supervision, Illinois securities law, fraudulent inducement to hold investment, control person aider and abettor, aiding and abetting breach of fiduciary duty regarding Franklin Realty BSP and Hospitality Investment Trust. Per the customer, he/she lost over $100,001 because of Mr. Aycock’s actions. As of this publication date, this claim remains pending.

In February 2024, a FINRA arbitration was filed against or in reference to Billy Aycock by multiple customers of Center Street Securities, Inc. alleging breach of fiduciary duty, negligence, negligent supervision, fraud, breach of contract, violation of SEC rule 10b-5 and Act sections 10(b) and 20(a), violation of AZ securities act in reference to GWG L Bonds purchase 2/28/23 and NorthStar healthcare REIT purchased 1/2015. Per the customers, they lost over $125,000 because of Mr. Aycock’s actions. As of this publication date, this claim remains pending.

In February 2024, a FINRA arbitration was filed against or in reference to Billy Aycock by multiple customers of Center Street Securities, Inc. alleging failure to conduct adequate due diligence, failure to act in best interest of claimants, and misrepresentation and omission of material fact and violation of industry standards of care in reference to GWG L Bonds. Per the customers, they lost over $100,000 because of Mr. Aycock’s actions. As of this publication date, this claim remains pending.

In January 2024, a FINRA arbitration was filed against or in reference to Billy Aycock by a customer of Center Street Securities, Inc. alleging breach of fiduciary duty, breach of contract and negligence, negligent supervision, violation of IL securities law, fraudulent inducement to hold investment, control person aider and abettor, aiding and abetting breach of fiduciary duties in regard to Hospitality Investors Trust REIT, Lodging Opportunity Fund REIT, Priority Income Fund and unspecified others per claim. Per the customer, he/she lost over $105,000 because of Mr. Aycock’s actions. As of this publication date, this claim remains pending.

In January 2024, a FINRA arbitration was filed against or in reference to Billy Aycock by a customer of Center Street Securities, Inc. alleging breach of fiduciary duty, breach of contract and negligence, negligent supervision, fraudulent inducement to hold investment, control person aider and abettor, aiding and abetting breach of fiduciary duty in reference to purchases in American Realty Global Cap Trust/Global Net Lease Inc., GWG L Bonds, KBS Legacy Partners Apartment REIT, KBS Strategic Opp REIT, Lodging Opp Fund REIT and Priority Income Fund. Per the customer, he/she lost over $110,000 because of Mr. Aycock’s actions. As of this publication date, this claim remains pending.

In January 2024, a FINRA arbitration was filed against or in reference to Billy Aycock by a customer of Center Street Securities, Inc. alleging Breach of Fiduciary Duty, Breach of Contract and Negligence, Negligent Supervision, Violation of IL Securities Law, Aiding and Abetting Breach of Fiduciary Duty regarding GWG L Bonds and non traded REITS – Hospitality Investors Trust REIT, Griffin American Healthcare REIT, Griffin Capital Net Lease REIT, and Griffin Cap Essential REIT. Per the customer, he/she lost over $185,000 because of Mr. Aycock’s actions. As of this publication date, this claim remains pending.

In January 2024, a FINRA arbitration was filed against or in reference to Billy Aycock by a customer of Center Street Securities, Inc. alleging breach of fiduciary duty, breach of contract and negligence, negligent supervision, violation of IL securities law, fraudulent inducement to hold investment, control person aider and abetter liability, aiding and abetting breach of fiduciary duty regarding GWG L Bonds, Hospitality Trust REIT, American Finance REIT, American Realty Cap Global Net Lease, GK Investment Holdings, Cottonwood Communities and Priority Income Fund. Per the customer, he/she lost over $220,000 because of Mr. Aycock’s actions. As of this publication date, this claim remains pending.

In January 2024, a FINRA arbitration was filed against or in reference to Billy Aycock by a customer of Center Street Securities, Inc. alleging that Mr. Aycock did not conduct reasonable due diligence on GPB Waste Management LP and that the investment was unsuitable, misrepresented and inconsistent with claimant’s risk tolerance. Per the customer, he/she lost over $100,000 because of Mr. Aycock’s actions. As of this publication date, this claim remains pending.

In January 2024, a FINRA arbitration was filed against or in reference to Billy Aycock by multiple customers of Center Street Securities, Inc. alleging that Mr. Aycock did not conduct a reasonable due diligence, that the recommendations were unsuitable and inconsistent with their financial situation, investment objectives and risk tolerance in reference to purchases of GWG L Bonds. Per the customers, they lost over $141,000 because of Mr. Aycock’s actions. As of this publication date, this claim remains pending.

In January 2024, a FINRA arbitration was filed against or in reference to Billy Aycock by a customer of Center Street Securities, Inc. alleging that Mr. Aycock improperly recommended an unsuitable investment, falsely represented the investment as safe and failed to conduct reasonable due diligence in the purchase of GWG L Bonds made on 3/1/2018 and 12/1/2018. Per the customer, he/she lost over $1,050,000 because of Mr. Aycock’s actions. As of this publication date, this claim remains pending.

In January 2024, a FINRA arbitration was filed against or in reference to Billy Aycock by a customer of Center Street Securities, Inc. alleging that Mr. Aycock did not conduct reasonable due diligence and made unsuitable recommendations in reference to GWH Holdings L Bond purchases made on 10/3/2019, 5/15/2020, 11/11/2020 and 11/13/2020. Per the customer, he/she lost over $995,000 because of Mr. Aycock’s actions. As of this publication date, this claim remains pending.

In January 2024, a FINRA arbitration was filed against or in reference to Billy Aycock by multiple customers of Center Street Securities, Inc. alleging that Mr. Aycock did not conduct proper due diligence and improperly recommended unsuitable investments in GWG L Bonds for purchases made on 09/01/2018 and 12/08/2017. Per the customers, they lost over $140,000 because of Mr. Aycock’s actions. As of this publication date, this claim remains pending.

How To File A Claim Against Billy Aycock of Cabin Securities, Inc. and Cabin Advisors, LLC (previously with Arete Wealth Advisors, LLC, Center Street Securities, Inc., and Center Street Advisors, Inc.) To Get Your Money Back

If you have questions about Billy Aycock, Cabin Securities, Inc., Cabin Advisors, LLC, Arete Wealth Advisors, LLC, Center Street Securities, Inc., Center Street Advisors, Inc., or the management or performance of your accounts, please contact Attorney Patil for a free initial consultation via email or toll-free at 1-800-950-6553.