Articles Tagged with Emerson Equity

shutterstock_183554579-300x200According to BrokerCheck records financial advisor Darrach Bourke (Bourke), currently employed by Emerson Equity LLC (Emerson Equity) has been subject to at least six customer complaints, one regulatory action, one employment termination for cause, and five criminal matters during the course of his career.  According to records kept by The Financial Industry Regulatory Authority (FINRA), Bourke’s customer complaints allege that Bourke recommended unsuitable securities recommendations in a variety of products and unauthorized trading among other allegations of misconduct in the handling of customer accounts.

In June 2018 a customer filed a complaint alleging that Bourke violated the securities laws by, among other things, that Bourke made unauthorized trades and had discretionary control causing damages.  The claim alleged $173,000 in damages and settled for $32,500.

In March 2017 FINRA found that Bourke consented to sanctions and findings that he exercised discretion without written authorization in the accounts of two customers.  FINRA found that Bourke discussed investment strategies with these customers but that he exercised discretion and executed transactions in the accounts without first speaking with the customers about the specific transactions.

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