Debra Bourne, of First Standard Financial, Subject of Four 2019 Customer Disputes

Five disclosers have been filed for unsuitability and excessive trading of common and preferred stock

Did you lose money investing with Debra Bourne? Under FINRA Rules, brokerage firms are liable for their brokers’ misconduct and investors may be able to their investment through FINRA arbitration. Contact Sonn Law Group today or call us at 866–827–3202 for a free consultation.

Four customer disputes have been lodged this year against First Standard Financial broker Debra C Bourne, (CRD# 1352344).

According to Bourne’s BrokerCheck profile, she has 19 years of experience with seven firms, including: First Standard Financial Company (2016–2019) of Red Bank, NJ; National Securities Corporation (2014–2016) of Red Bank, NJ; and Oppenheimer & Co. (2008–2014), also of Red Bank, NJ.

Bourne has five disclosures on her FINRA record — four filed in 2019, and one filed in 2015.

In April 2019, a former client accused Bourne of unsuitability and excessive trading of common and preferred stock while Bourne was employed with First Standard Financial, alleging damages of $2 million dollars. This claim is pending.

Another customer brought a dispute against Bourne in March 2019 alleging unsuitability, excessive trading, breach of fiduciary duty and negligence while Bourne was employed with National Securities Corp. The client alleged $300,000 in damages. The claim went to arbitration and is pending.

In February 2019, another customer brought forward a dispute against Bourne while she was employed with Oppenheimer & Co., also alleging unauthorized trading and unsuitability, with requested damages in the amount of $668,000. This dispute is still pending in arbitration.

In 2015, while employed with Oppenheimer & Co, a customer accused Bourne of breach of fiduciary duty, unsuitability, negligence, and breach of contract. The customer alleged damages of $100,000. The claim was settled for $90,000.

Jeffrey R. Sonn is an experienced investor losses attorney. If you suffered losses because a financial professional or corporate executive misappropriated funds, Mr. Sonn will protect your rights and interests. Please do not hesitate to contact the Sonn Law Group today for a free review of your claim.