Jeffrey Lamar Burton of Charleston South Carolina a supervising stockbroker of Wells Fargo Advisors Financial Network is referenced in a customer initiated investment related written complaint which was settled for $100,000.00 on September 17, 2020 founded on allegations that trades failed to be made according to the customer’s instructions while Burton was registered with Wells Fargo.
Burton is identified in five additional customer initiated investment related disputes regarding accusations of his misconduct while employed by Wells Fargo Advisors and UBS Financial Services. Financial Industry Regulatory Authority (FINRA) Public Disclosure confirms that a customer initiated investment related arbitration claim concerning Burton’s conduct was resolved for $600,000.00 in damages based upon allegations of inappropriate options transactions and the failure to supervise on the part of UBS Financial Services.
Burton is also the subject of a customer initiated investment related arbitration claim which was settled for $141,000.00 in damages supported by accusations that UBS Financial Services failed to supervise options trades in the customer’s account. Another customer initiated investment related arbitration claim involving Burton’s activities was resolved for $27,500.00 in damages founded on allegations of Burton’s failure to supervise a subordinate stockbroker who made inappropriate options trades in the customer’s UBS Financial Services account.
On November 5, 2019, a customer initiated investment related complaint involving Burton’s conduct was settled for $1,550,000.00 in damages based upon accusations that excessive fees had been charged to the customer concerning an advisory account and that GNMA transactions failed to be suitable for the customer.
Burton has also been terminated by former employer Merrill Lynch supported by allegations that he did not cooperate with the policies set forth by the securities broker dealer. Burton has been registered with Wells Fargo Advisors Financial Network LLC as both a stockbroker and investment adviser representative since March 30, 2016.
