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
  • Loren Olson: $125K Complaint Against Retirement Resources Advisor

    Overland Park financial advisor Loren Olson (CRD# 1245513) recently received an investor complaint alleging his conduct resulted in damages of...

    Read More
  • West Coast Financial Advisor Debbie Cavanaugh: REIT Complaint

    A recent investor complaint against Kalispell, Montana financial advisor Debbie Cavanaugh (CRD# 1268420) alleges that her conduct resulted in five-figure...

    Read More
  • David B. White: Financial Advisor Faces $200K Bond Complaint

    A recent investor complaint against former Bloomfield Hills financial advisor David B. White (CRD# 1382131) alleges that his investment advice...

    Read More
  • Ted Franse: REIT Complaint Against Franse Financial Advisor

    Fair Oaks financial advisor Ted Franse (CRD# 1418012) has been involved in multiple investor complaints alleging unsuitable recommendations and other...

    Read More
  • Previous
  • Next