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Bill Sines: New Complaint Against Senior Financial Services Advisor
Multiple investor complaints against Seminole, Florida financial advisor Bill Sines (CRD# 2190586) allege that he recommended unsuitable investments. Financial Industry Regulatory Authority records indicate that he is a broker and an investment advisor with Berthel Fisher & Company Financial Services, doing business as Senior Financial Services.
Mr. Sines’ BrokerCheck report discloses several investor complaints. The most recent, filed in January 2023, alleges that as a representative of Berthel Fisher & Company and Kalos Capital, he misrepresented and recommended unsuitable real estate investments. The pending complaint alleges unspecified damages estimated to exceed $5,000. In a statement included with the complaint’s disclosure, Mr. Sines wrote that he “denies the allegations and asserts the investment purchased by the customer was suitable for their investment objectives.”
An earlier investor complaint, filed in 2017, alleged that he recommended unsuitable real estate and mutual fund products while at Kalos Capital. In 2018 the complaint reached a settlement of $19,373. Mr. Sines defended himself against the allegations in a statement included with the complaint’s disclosure, writing: “I put client into investments that would produce stable long term income and enough liquidity to meet changing needs as requested. All investments were explained to client and were approved accordingly.”
A third investor complaint, filed in 2007, alleged that as a representative of SII Investments, he sold unsuitable variable annuity products. In 2003 the complaint reached a settlement of $36,000.
According to the Financial Industry Regulatory Authority, Bill Sines holds 31 years of securities industry experience. Based in Seminole, Florida, he has been a broker and an investment advisor with Berthel Fisher & Company since 2018, doing business as Senior Financial Services. His registration history includes Kalos Capital (2015-2018), SII Investments (1997-2015), Pruco Securities (1991-1997), and the Prudential Insurance Company of America (1991-1993). His credentials include the passage of seven securities industry qualifying exams: the General Securities Principal Examination, or Series 24; the Investment Company Products/Variable Contracts Representative Examination, or Series 6; the Corporate Securities Limited Representative Examination, or Series 62; the Direct Participation Programs Representative Examination, or Series 22; the Securities Industry Essentials Examination, or SIE; the Uniform Securities Agent State Law Examination, or Series 63; and the Uniform Investment Adviser Law Examination, or Series 65. He is licensed in Colorado, Connecticut, Florida, Georgia, Indiana, Massachusetts, Michigan, New York, North Carolina, Ohio, Pennsylvania, Texas, and Virginia. (Information current as of January 23, 2023.)
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