Debra Bourne In First Standard, NSC Investor Disputes

Investors File Disputes Concerning Securities Broker Debra Bourne (First Standard Financial, National Securities Corp)

Soreide Law Group comes to you with an update concerning securities broker Debra Collura Bourne aka Debra Ann Bourne (CRD#: 1352344, Red Bank, New Jersey). Evidently, Bourne worked for Oppenheimer Co. Inc. (2008 to 2014), National Securities Corporation (2014 to 2016), and First Standard Financial Company LLC (2016 to 2019). Notably, five investors filed disputes about the securities broker, and investors’ allegations include unsuitable trading. Here’s more about those disputes and what you could do if you experienced damages from sales practice violations.

First Standard Financial Client Alleges Unsuitable Trading By Debra Bourne

Firstly, a client of First Standard Financial brought an investment dispute about Debra Bourne. The FINRA Arbitration Claim, filed in April 2019, alleges unsuitable and excessive trading. Generally, suitability relates to an investor’s risk tolerance, objectives, needs, and other important information relating to the appropriateness of investments. Supposedly, Bourne caused the client to experience $2,000,000 in damages because of her trading. However, the securities broker denies the allegations. Evidently, this matter awaits a resolution.

Client Of National Securities Corp Alleges Breach Of Fiduciary Duty

Secondly, a National Securities Corp client disputed Debra Bourne’s sales practices in March 2019. In this FINRA Arbitration Claim, the client alleges breach of fiduciary duty and negligence. Supposedly, Bourne made excessive and unsuitable trades involving stocks. Because of this, the client alleged $300,000.00 in damages. Evidently, National Securities Corp, without admitting liability, agreed to settle the matter through a $270,000 payment to the client in April 2020.

Bourne Purportedly Makes Unauthorized Trades In Client’s Account

Moreover, a client filed a dispute in February 2019 concerning Debra Bourne’s trading at Oppenheimer, First Standard Financial, and NSC. Mainly, the client alleges unauthorized trading and unsuitable trading. Supposedly, Bourne caused the client to experience damages on stock holdings. Because of this, the client received $325,000 in damages to settle this matter in February 2021.

Client Of Oppenheimer And NSC Alleges Negligence, Breach Of Contract

Also, a client of National Securities Corp and Oppenheimer took aim at Debra Bourne’s sales practices. Evidently, the dispute, filed in July 2015, concerns Bourne’s sales or recommendations of direct investments and over-the-counter equities. Specifically, the client alleges unsuitability, breach of fiduciary duty, breach of contract, and negligence. However, Bourne denies the allegations. Still, the securities firms compensated this client in the amount of $90,000.00 in June 2016.

Losses Through Securities Broker Debra Bourne?

Did you realize losses because of Debra Bourne or the securities broker-dealers she associated with? You can contact Soreide Law Group at (888) 760-6552 to speak with a helpful securities attorney about possibly recovering your losses. Soreide Law Group represents investor clients on a contingency fee basis and advances all costs. The firm has recovered compensation for a lot of investors who have incurred damages from securities brokers and financial advisors. Please note that Bourne denies all accusations of inappropriate sales practices.