Advisor Alert: Our Attorneys Are Investigating Billy Wayne Martin For Investment Fraud
Did You Lose Money Because of Bill Martin?
Filed: November 6, 2023
Bill Martin currently has been the subject of two (2) 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 Wayne Martin.
Who Is Billy Wayne Martin?
- Advisor Name: Billy Wayne Martin
- Aliases: Bill Martin
- CRD: 2021424
- Location: Cape Girardeau, Missouri
- Current Employer: Currently Not Registered
- Previous Firms: Cetera Advisors LLC, Pacific West Securities, Inc., and SWS Financial Services
- Number of Known Customer Complaints: 2
- Can Billy Martin Be Sued: Yes, in Private Arbitration
- Can Billy Martin’s Employers Be Sued For Failing to Supervise Actions: Yes, in Private Arbitration
- Highest Damages Allegation: $272,000
- Highest Settlement: $12,500
If you have suffered investment losses by Billy Martin, we strongly encourage you to exercise your rights to experienced legal representation. Recover what is owed to you by retaining an investment fraud 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 Bill Martin For Broker Misconduct
As of this publication date, Billy Martin has been the subject of 2 customer disputes. Let’s review them below.
In August 2020, a complaint was filed against or in reference to Billy Martin by multiple customers of Cetera Advisors LLC alleging that Mr. Martin made unsuitable investment recommendations. Per the customers, they lost over $100,000 because of Mr. Martin’s actions. On May 28, 2021, Mr. Martin settled the claim for $12,500, and some or all of this amount may have been paid by Mr. Martin’s employer and/or insurance carrier.
In April 2017, a FINRA arbitration was filed against or in reference to Billy Martin by a customer of Cetera Advisors LLC alleging unsuitable investments. Per the customer, he/she lost over $272,000 because of Mr. Martin’s actions. On July 6, 2017, Mr. Martin settled the claim for $5,000, and some or all of this amount may have been paid by Mr. Martin’s employer and/or insurance carrier.
How To File A Claim Against Bill Martin (previously with Cetera Advisors LLC, Pacific West Securities, Inc., and SWS Financial Services) To Get Your Money Back.
If you have questions about Billy Martin, Cetera Advisors LLC, Pacific West Securities, Inc., SWS Financial Services, 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.