According to records provided by the Financial Industry Regulatory Authority (FINRA), former North Carolina-based Calton & Associates broker Randy Burke has been permanently barred from the securities industry following allegations of selling away. The securities and investment fraud law firm Fitapelli Kurta is interested in hearing from investors who have complaints regarding Mr. Burke (CRD# 2702441).
Randy Burke has spent nineteen years in the securities industry and was most recently registered with Calton & Associates in Hickory, North Carolina (2013-2015). Previous registrations include Capital Investment Group in Hickory (2011-2013); Synergy Investment Group in Ferguson, North Carolina (2002-2011); and Pruco Securities in Newark, New Jersey (1996-2001).
According to his BrokerCheck report, Randy Burke is the subject of one regulatory sanction, one customer complaint, and one pending customer complaint.
In October 2015 FINRA sanctioned Randy Burke following allegations he engaged in private securities transactions without providing written notice to his member firms, Synergy Investment Group and Capital Investment Services. According to FINRA, an elderly customer invested in Mr. Burke’s private securities, and Burke made material misrepresentations in connection to those sales, in violation of the Securities Exchange Act of 1934. Mr. Burke allegedly made “false representations” to the customer that she would be entitled to a share of the profits in the future sale of a lodge property in Alaska. FINRA additionally alleged that Mr. Burke deposited $38,000 of the customer’s investment into a “business checking account that he held jointly with his wife that was used for business and personal banking.” Mr. Burke has signed a letter of Acceptance, Waiver, and Consent (AWC letter) agreeing to a permanent bar from the securities industry.
In 2015 a customer alleged Randy Burke, while employed at Synergy Investment Group and Capital Investment Services, made false investments in an entity called “Lodge Alaska, LLC” and used these funds for personal use. The customer is seeking $88,407 in damages in the pending complaint.
If you or someone you know has a complaint regarding Randy Burke or “Lodge Alaska, LLC,” call the securities and investment fraud law firm Fitapelli Kurta at 877-238-4175 for a free consultation. You may be able to recoup losses. Fitapelli Kurta accepts every case on contingency: we only receive payment if and when you collect money. Time to file your claim may be limited, so we recommend you avoid delay. Call 877-238-4175 now to speak to an attorney for free.