What Did Your Brokerage Firm or Investment Adviser Do Wrong With GWG
Published On: October 29, 2015

Stoltmann Law Offices is investigating Randy Burke, who was recently barred from the industry by the Financial Industry Regulatory Authority (FINRA). Sale is accused of participating in private securities transactions without providing written notice to his member firm, Calton & Associates. He also allegedly made misrepresentations in his sales to an elderly customer by telling her she would be entitled to a share of the profits in the future sale of a lodge property in Alaska. Mr. Burke also allegedly deposited $38,000 of the customer’s money into a joint business checking account he shared with his wife and used the money for personal gain. He also allegedly used another customer’s money for personal gain in the sale of false investments in an entity called “Lodge Alaska, LLC”.

Engaging in private securities transactions is also referred to as “selling away,” and is when a broker solicits securities that are not held or offered by his member firm. This is against securities rules and regulations and is a tactic used by a broker to make large commissions for himself. Burke was registered with Pruco Securities in Newark, New Jersey from February 1996 until October 2001, Synergy Investment Group in Ferguson, North Carolina from February 2002 until April 2011, Capital Investment Group in Hickory, North Carolina from April 2011 until September 2013 and Calton & Associates in Hickory from September 2013 until October 2015. He has two customer disputes against him, one of which is currently pending. He is not registered with any FINRA firm, not licensed within the industry and FINRA permanently barred him from acting as a broker or otherwise associating with firms that sell securities to the public.

If you or someone you know invested money with Randy Burke, we may be able to help you bring a claim against his former firm, Calton & Associates. They may be held liable for investment losses because they had a duty to reasonably supervise Burke while he was employed with them. The call is free with no obligation and we sue firms such as Calton & Associates in the FINRA arbitration forum to recover money for investors. We take cases on a contingency fee basis only so we do not make money unless you recover. 312-332-4200.


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If you have suffered financial losses because of the negligence or fraud of your financial advisor or broker through unsuitable investment recommendations, over-concentration, churning, misrepresenting risks, conversion or selling away, you have legal rights and options to pursue recovery of those losses.

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