Joel Nathan Burstein, of Coral Gables, Florida, a stockbroker currently registered with Raymond James & Associates, Inc., has been named in a customer initiated investment related arbitration claim or civil action on March 5, 2016, in which the customer requested $200,000,000.00 in damages based upon allegations including fraud, theft, misappropriation of customer funds, conspiracy to commit a breach of fiduciary obligations, conversion, and violation of Racketeer Influenced and Corrupt Organizations Act.
FINRA Public Disclosure reveals that Junior has faced eleven other actions containing similar allegations in subsequent investment related civil claims or arbitration actions. Particularly, on May 20, 2016, a customer initiated claim was brought against Burstein, in which the customer requested $250,000,000.00 in damages based upon allegations that included fraudulent transfers, as well as aiding and abetting breach of fiduciary duties.
On June 8, 2016, another customer initiated investment related claim was brought by a customer, in which the customer demanded $400,000.00 in damages based upon allegations that from August of 2007 to December of 2014, Burstein converted the customer’s funds, and breached his fiduciary duty to the customer.
Further, on November 8, 2016, Burstein was named in two customer initiated investment related claims, in which customers alleged conspiracy to convert customer funds, aiding and abetting fraud, violations of Racketeer Influenced and Corrupt Organizations Act, and conspiracy to breach fiduciary obligations to the customers.
Guiliano Law Group
Our practice is limited to the representation of investors. We accept representation on a contingent fee basis, meaning there is no cost to you unless we make a recovery for you. There is never any charge for a consultation or an evaluation of your claim. For more information, contact us at (877) SEC-ATTY.
