DARRACH BOURKE, EMERSON EQUITY

DARRACH MICHAEL BOURKE (DARRACH BOURKE), has been registered both as a broker and an investment advisor with EMERSON EQUITY LLC of Mill Valley, California, since May of 2017. 

According to FINRA’s BrokerCheck, available on FINRA’s website to the public, DARRACH BOURKE, has been in the securities industry for 17 years and has been listed with 6 firms.  Bourke has 14 Disclosures on his FINRA CRD report.  Of the 14 Disclosures, 7 are “Customer Disputes.” The significance of DARRACH BOURKE’s FINRA Customer Complaints is underscored in FINRA NOTICE to MEMBERS 03-49. FINRA conducted a review of the CRD’s of all registered representatives, only .41% were the subject of 3 or more customer complaints. In other words, Bourke’s customer complaints rank him in the top one-hundredth percent of all registered representatives for customer complaints. Of the 7 “Customer Disputes,” 6 have settled and 1 was closed with no action. 

Of the six “Customer Disputes” that have settled, that were filed against DARRACH BOURKE, some of the allegations listed were in part, “Breach of fiduciary duty, negligence and negligent misrepresentation, breach of contract, negligence-violation of best interest, unauthorized trading, overconcentration in energy securities, exercised discretion and executed transactions in the accounts without first speaking with the customers about the specific transactions, and recommended unsuitable mutual funds.”

There is also a “Regulatory” listed on DARRACH BOURKE’s CRD report dated, March 6, 2017, following the allegations of, “Without admitting or denying the findings, Bourke consented to the sanctions and to the entry of findings that he exercised discretion without written authorization in the accounts of two customers. The findings stated that although Bourke discussed investment strategies with these customers, Bourke exercised discretion and executed transactions in the accounts without first speaking with the customers about the specific transactions. Bourke had not obtained prior written authorization from the customers to exercise discretion in their accounts, and his member firm had not approved either account for discretionary trading.”  Bourke was fined $5000.00 and suspended for 20 business days by FINRA.

An “Employment Separation after Allegations,” is listed on DARRACH BOURKE’s CRD report dated October 20, 2014, discharging him from STIFEL NICOLAUS & COMPANY, INC following allegations of, “VIOLATION OF FIRM POLICY REGARDING EXERCISING DISCRETION WITHOUT WRITTEN AUTHORIZATION IN CLIENT ACCOUNTS.”

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