1/25/2016-Hickory, North Carolina
Rex Securities Law is investigating former Calton & Associates broker Randy W. Burke.
According to his FINRA brokercheck report, Burke was barred from the securities industry October 2015, to resolve FINRA allegations that between February 2008 and May 2011, while registered with Synergy Investment Group and Capital Investment Group (CIG) , he participated in private securities transactions without first providing notice to his member firm.
In addition, FINRA alleged that between February 2008 and June 2013, Burke, while registered with Synergy, Capital Investment Group and Calton & Associates, made material misrepresentations and omissions in connection with the sale of private securities in violation of SEC and FINRA rules.
Burke provided false answers in response to annual certifications from his member firms regarding his outside business activities in violation of FINRA rules, the regulator alleged.
A former customer filed a complaint against Burke alleging that he had made misrepresentations to them in recommending an unsuitable real estate investment. That matter was resolved for over $264,000. Currently there is a customer dispute pending alleging a fraudulent investment in an entity called Lodge Alaska, LLC. That customer alleges that Burke utilized the invested funds for personal use.
Burke’s FINRA records reveal that he filed for Chapter 11 bankruptcy in January 2015.
We would like to speak with former customers of this broker who may have information helpful to this investigation. If you had losses in an account handled by Randy Burke, contact us to find out how you may be able to recover damages.
Rex Securities Law , with offices in Boca Raton, FL, and Austin, TX, provides representation to investors nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.
Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.
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