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Debra Bourne: Complaints Against Red Bank Financial Advisor

Pending investor complaints against former Red Bank, New Jersey broker Debra Bourne (CRD#: 1352344) allege conduct including unsuitable investment recommendations, excessive trading, breach of fiduciary duty, and more. Bourne is a former representative of First Standard Financial Company, Oppenheimer & Company, and National Securities Corporation, according to information drawn from Financial Industry Regulatory Authority records.

A pending 2019 complaint alleges that as a representative of National Securities Corporation, Debra Bourne made unsuitable investment recommendations, breached her fiduciary duty, acted negligently, and engaged in excessive trading. The complaint alleges damages of $300,000.

A pending 2019 complaint alleges that as a representative of National Securities Corporation, Debra Bourne recommended unsuitable common and preferred stock products and engaged in excessive trading. The complaint alleges damages of $2,000,000. Her “broker statement” on the disclosure states in part that she “has handled these accounts since 1996 and has never been informed of any issues.”

A pending 2019 complaint alleges that as a representative of Oppenheimer & Company, National Securities Corporation, and First Standard Financial, she executed unauthorized trades in the customer’s account and made unsuitable recommendations to invest in common and preferred stock products. The complaint alleges damages of $668,000.

Debra Bourne is currently not registered as a broker or investment advisor. Her employment history includes First Standard Financial Company in Red Bank, New Jersey; National Securities Corporation in Red Bank, New Jersey; Oppenheimer & Company in Red Bank, New Jersey; Janney Montgomery Scott in Red Bank, New Jersey; Morgan Stanley DW in Purchase, New York; First Union Securities in St. Louis, Missouri; and First Union Capital Markets in Charlotte, North Carolina. She currently holds zero state licenses and has passed three securities industry qualification examinations: Uniform Securities Agent State Law Examination, or Series 63; Securities Industry Essentials Examination, or SIE; and General Securities Representative Examination, or Series 7.

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