Securities Lawyers Blog
According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker David Burk (Burk), currently associated with LPL Financial LLC, has at least one disclosable event. These events include one customer complaint, alleging that Burk recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.
FINRA BrokerCheck shows a settled customer complaint with a damage request of $14,000.00 on June 05, 2023.
The client is alleging poor performance for a REIT that he purchased in 2016. CFS denied all liability on the basis that the recommended investment was made through another broker-dealer. Regardless, CFS agreed to pay a settlement of $6,000 as an accommodation to the client. The Rep was not asked to contribute to the settlement.