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
protected by reCAPTCHA Privacy - Terms
Latest Blog Posts
  • J. Keith Stucker: Thurston Advisor Faced Churning Complaint

    Indianapolis, Indiana financial advisor J. Keith Stucker (CRD# 1094241) allegedly churned investments, according to a recent, denied investor complaint. Financial...

    Read More
  • Larry Tolbert: $113K Complaint Against Radian Advisor

    Recent investor complaint against Memphis, Tennessee financial advisor Larry Tolbert (CRD# 1054714) allege that he recommended unsuitable investments. Financial Industry...

    Read More
  • Fred Hohensee: FINRA Suspends Abacus Advisor

    Oconomowoc, Wisconsin financial advisor Fred Hohensee (CRD# 1431948) was recently suspended and fined in connection with allegations involving the sale...

    Read More
  • Rod Uy: $750K Complaint Against LifePoint Advisor

    Torrance, California financial advisor Rod Uy (CRD# 4945992) allegedly made misrepresentations of material facts, according to a recent investor complaint....

    Read More
  • Previous
  • Next