Christopher Charles Burtraw, of Lake Wood, Colorado, a stockbroker with J.P. Turner & Company LLC, was permanently barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity after consenting to findings that he failed to cooperate in a FINRA investigation into allegations that Burtraw engaged in the “unauthorized borrowing” of multiple firm customers’ funds. Letter of Acceptance, Waiver and Consent, No. 20150472061-01 (Mar. 3, 2016).
According to the AWC, Burtraw was terminated by J.P. Turner & Company LLC as a result of violating the firm’s procedures and policies pertaining to borrowing from clients without the requisite approval of the firm. The AWC indicated that the firm notified FINRA of Burtraw’s termination on October 1, 2015.
The AWC stated that on February 2, 2016, FINRA requested that Burtraw submit information and documentation to FINRA by February 10, 2016, per Rule 8210, in reference to an investigation being conducted regarding Burtraw’s purported misconduct.
Burtraw’s counsel reportedly responded to FINRA on February 2, 2016, indicating that Burtraw would not be providing such information and documentation by such deadline or at any future point. FINRA found that Burtraw’s failure to cooperate in this regard was violative of FINRA Rules 2010 and 8210, which led to his permanent bar.
Public disclosure records reveal that Burtraw has been subject to four disclosure incidents. On October 20, 2009, Burtraw’s former firm, LPL Financial, terminated him amid allegations that Burtraw violated LPL’s procedures and policies concerning advertising to prospective clients.
On January 30, 2014, Burtraw became subject to a customer dispute, where the customer requested $160,000.00 after alleging suitability violations and misrepresentations associated with the customer’s investments in real estate investment trusts.
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