James Burton: $110K Complaint Against Farmers Financial Advisor

Former Bakersfield, California financial advisor James Burton (CRD# 5051310) was fired by his former member firm in connection with alleged rule violations. Financial Industry Regulatory Authority records show that he was previously registered as a broker with Farmers Financial Solutions.

Mr. Burton’s BrokerCheck report discloses his termination from Farmers Financial Solutions. Filed in October 2023, it states that the firm fired him in connection with allegations that he “failed to disclose personal investment in a private securities transaction and activities related to promissory notes as an outside activity.” The disclosure adds that his conduct allegedly violated violating FINRA Rules 3270 and 3280, as well as firm policy.

A second disclosure on his BrokerCheck report concerns an investor complaint against him. Filed in October 2023, it alleges that as a representative of Farmers Financial Solutions, he did not adequately disclose the risks and facts associated with an investment in non-registered promissory notes whose sale Mr. Burton facilitated outside of the firm’s policies and procedures, and without disclosure to the firm. The pending complaint alleges damages of $110,000.

According to the Financial Industry Regulatory Authority, James Burton holds 16 years of securities industry experience. Most recently based in Bakersfield, California, he was registered as a broker with Farmers Financial Solutions from 2007 until 2023. His credentials include the passage of three securities industry qualifying exams: the Securities Industry Essentials Examination, or SIE; the Investment Company Products/Variable Contracts Representative Examination, or Series 6; and the Uniform Securities Agent State Law Examination, or Series 63. He is not currently registered with any FINRA broker-dealer firm. (Information current as of February 20, 2025.)

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