Billy Aycock, Cabin Securities Broker, Involved in GWG Disputes

Billy Aycock (CRD# 4069907[1]), a broker registered with Cabin Securities, is involved in numerous disputes stemming from investments in GWG L Bonds, REITs, and other products. MDF Law is investigating the Rockville, Maryland-based financial professional for conduct similar to that alleged in the claims. If you suffered losses in your accounts, you may have recovery options—contact us for a free consultation.

To learn more about the allegations involving Mr. Aycock, read below. This post is based on a January 21, 2025 review of his BrokerCheck profile, a Financial Industry Regulatory Authority profile. 

Disputes Involved REITs

In 2024, four parties of investors filed disputes involving Mr. Aycock that his member firm settled. These claims included allegations that he violated securities law, committed fraud, breached his fiduciary duty, engaged in negligence, and violated suitability rules. The disputes stem from investments including:

• GPB Waste Management LP
• Lodging Opportunity Fund REIT
• KBS Legacy Partners Apartment REIT
• GWG L Bonds
• American Realty Global Capital Trust
• Hospitality Investors Trust REIT
• Spring Hill Holdings
• Tasty Brands LP
• Priority Income Fund
• Spring Hills Holdings
• Archon Growth & Income Residential LP

Mr. Aycock’s former member firm settled the disputes for $48,500.

Pending Disputes Involve GWG L Bonds, NorthStar Healthcare

The above-described disputes are not the only ones in Mr. Aycock’s record. Since January 2024, 13 parties of investors have filed claims involving him that are still pending. These include allegations of fraudulent inducement, breach of fiduciary duty, breach of contract, violation of securities laws, and negligence. They stem from investments in GWG L Bonds[2], NorthStar Healthcare REIT, iCap Equities, Lodging Opportunity Fund REIT, and more. The disputes, which are still pending, seek more than $3.9 million in damages.

Billy Aycock Denies Allegations

Mr. Aycock issued similar statements regarding many of the pending and settled disputes listed on his BrokerCheck report. In these statements, he asserts that he denies all of the claims, and that he neither knew nor interacted with the claimants. “I also was not the supervisor for the transactions at issue,” he added. “In sum, I was not involved and should not have been named as a Respondent in this case.”

FINRA: Broker Based in Nashville, Tennessee

Mr. Aycock started working as a broker when he joined Quick & Reilly in 2000. He went on to work at a number of firms, including AXA Advisors, Park Avenue Securities, Arete Wealth Management, and Center Street Securities. He joined Cabin Securities in 2023, and has been based at the firm’s Nashville, Tennessee office since. With 23 years of experience as a broker, he has completed six industry exams, including the Series 24 and the Series 10. 

GWG or REIT Disputes? Call MDF Law

Have you lost money on GWG L Bonds, NorthStar Healthcare REIT, or other investments recommended by Billy Aycock? You may have grounds to file a FINRA arbitration case to recover losses. MDF Law[3]’s legal team has lengthy experience advocating for the victims of investment fraud, securing more than $100 million in recoveries. Call 800-767-8040 for a free consultation today.