Securities Lawyers Blog
According to BrokerCheck records kept by The Financial Industry Regulatory Authority (FINRA) broker Debra Bourne (Bourne) has been subject to at least five customer complaints during her career. Bourne is formerly employed by First Standard Financial Company LLC (First Standard Financial) and National Securities Corporation (National Securities). The majority of the customer complaints against Bourne concern allegations of high frequency trading activity also referred to as churning.
In April 2019 a customer complained that Bourne violated the securities laws by alleging that the financial advisor engaged in unsuitable and excessive trading causing $2,000,000 in damages. The claim is currently pending.
In March 2019 a customer complained that Bourne violated the securities laws by alleging that the financial advisor engaged in unsuitable trading, excessive trading, breach of fiduciary duty, and negligence among other claims alleged. The claim seeks $300,000 in damages and is currently pending.
In February 2019 a customer complained that Bourne violated the securities laws by alleging that the financial advisor engaged in unsuitable and unauthorized trading causing $668,000 in damages. The claim is currently pending.