Michael Eric Bourke of Florham Park New Jersey a stockbroker currently employed by RBC Capital Markets LLC is referenced in a customer initiated investment related written complaint on April 30, 2018 in which the customer requested $115,000.00 in damages based upon allegations that the customer’s assets were allocated in an equity position that was not suitable for the customer which caused the customer to incur investment losses between July of 2015 and April of 2018.
FINRA Public Disclosure further confirms that Bourke has been referenced in a customer initiated investment related arbitration claim in which Bourke was ordered to pay the customer $125,000.00 in damages based upon being found liable on the customer’s claims of misrepresentation, breach of fiduciary duty, negligence and suitability pertaining to the customer’s purchases of bonds including Ohio Solid Waste, Illinois Solid Waste, Worth and Indah Kiat Fin Mauritius. National Association of Securities Dealers (NASD) Arbitration No. 01-04851 (May 23, 2002). Bourke’s employer at the time, Golden Harris Capital Group, Inc., was also found by the arbitrator to have failed to supervise Bourke’s activities in the customer’s account.
Moreover, Bourke has been sanctioned by Missouri Secretary of State Securities Division based upon his consent to the Division’s findings that he offered or sold securities to a Missouri resident without having been registered as a securities agent in the state. Case No. CD-95-12.
Bourke has been associated with five different broker dealers, two of which have been expelled by securities regulators for violation of federal securities laws or are otherwise defunct.
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