Last Updated: March 2024 (Chico, CA)
Mark Burns Investigation Summary
Here’s what you need to know about Chico, CA, stockbroker Mark Burns:
- Name: Mr. Mark Carey Burns
- Current Employer: Not currently registered with FINRA
- Previous Firms: LPL Financial LLC (until 12/2023) , UBS Financial Services, Baraban Securities , Abound Financial
- Function: Stock Broker/ Financial Advisor
- Aliases: Mark Burns
- Primary Location: Chico, CA
- CRD 2346046
- Can Mark Burns be sued in FINRA arbitration: Yes
- Sanctioned by FINRA: No
- Highest Settlement or Award: $40,000
Discuss your case with experienced investment fraud lawyer Bob Rex at (877) 224-3199 for a free consultation.
Did You Lose Money With Mark Burns As Your Stockbroker?
In 2021 a customer of UBS Financial/ LPL Financial was paid $40,000 to resolve allegations that Mark Burns made an unsuitable recommendation and misrepresented investments, including an adjustable life insurance policy.
Allegations of Broker Misconduct Against Mark Burns
Customers of Mark Burns have alleged the following wrongdoing in connection with the handling of customer accounts:
- Unsuitable Investment Recommendations
- Misrepresentations
[LEARN MORE]: Firms Have a Duty to Supervise their Financial Advisors (FINRA Rules 3110 & 2090)
Brokers and their firms have a duty to comply with the FINRA suitability rule which requires that they have a reasonable basis to believe that a recommendation is suitable for the customer.
[LEARN MORE]: FINRA Rule 2111- suitability
The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.
Recover Your Investment Losses Now With Rex Securities Law
If you have suffered investment losses in an account handled by Mark Burns, contact us for a complimentary consultation with an experienced securities lawyer to learn how you may be able to recover damages through FINRA arbitration.
With offices in Boca Raton, FL and Austin, TX, stockbroker fraud attorney Bob Rex provides representation to investors nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers, financial advisors and broker dealers.
If you have questions about how your account has been handled, call (877) 224-3199 to speak with an experienced securities attorney at no cost to you.
Most cases are handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.
