Switch to ADA Accessible Theme
Close Menu
Free Consultation: 888-976-6111

Debra Bourne: New Complaint Against Red Bank Advisor

Financial Industry Regulatory Authority (FINRA) records show that former First Standard Financial Company broker Debra Bourne (CRD# 1352344) has an investor complaint alleging damages of $2 million. Bourne was most recently based in Red Bank, New Jersey.

Debra Bourne’s BrokerCheck report lists a total of three pending investor complaints and two settled investor complaints against her.

The most recent complaint was filed in April 2019. It alleges that as a representative of First Standard Financial, Debra Bourne engaged in excessive trading and made unsuitable recommendations of common and preferred stock products. The pending complaint alleges damages of $2 million.

Another complaint filed in 2019 alleges that as a representative of First Standard Financial Company, Oppenheimer & Company, and National Securities Corp., Debra Bourne executed unauthorized transactions and made unsuitable investment recommendations. The pending complaint alleges damages of $668,000.

A complaint filed in 2019 alleged that as a representative of National Securities Corporation, Debra Bourne made unsuitable recommendations of common and preferred stock investments, engaged in excessive trading, breached her fiduciary duty to act in the investor’s best interests, and was negligent in her duties. In 2020 the complaint reached a settlement of $270,000.

According to Financial Industry Regulatory Authority (FINRA) records, Debra Bourne is currently not registered as a broker or investment adviser. Her prior registrations include 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 has passed three securities industry qualifying examinations: the Uniform Securities Agent State Law Examination, or Series 63; the Securities Industry Essentials Examination, or SIE; and the General Securities Representative Examination, or Series 7. Her BrokerCheck report lists zero state securities licenses. (Information current as of July 14, 2021.)

Facebook Twitter LinkedIn
Contact Us For A Free Case Evaluation
Latest Blog Posts
  • Larry Stringer, Hendersonville Advisor, Lands Suitability Complaint

    Multiple investor complaints against Capital Investment Group’s Larry Stringer (CRD# 1996822) allege misconduct relating to real estate investments. Records provided...

    Read More
  • AG Saab: GWG L Bond Allegations against The Fig Group

    Dallas, Texas financial advisor AG Saab (CRD# 408501) is involved in an investor complaint concerning purchases of GWG L bonds....

    Read More
  • Why Did MS Howells Fire Tucson Advisor Justin Limmer?

    Ashton Thomas Private Wealth advisor Justin Limmer (CRD# 3179262) was recently terminated by MS Howells & Company in connection with...

    Read More
  • Paul Meyer: Did RBC Advisor Make Unauthorized Trades?

    Paul Meyer (CRD# 3062534), an advisor based in Minnetonka, recently received investor complaints alleging he engaged in misconduct that resulted...

    Read More
  • Previous
  • Next