Missouri State Suspends Barbara Burns Following Allegations of Unethical Business Practices
Barbara Burns (CRD #6303432), a broker with Center Street Securities, is facing a six-month suspension from Missouri state for alleged unethical business practices, according to her BrokerCheck Record, accessed on October 28, 2021. She is also a registered investment adviser at Latour Asset Management.
State of Missouri Allegations
According to the claim raised by Missouri State on August 16, 2021, Barbara Burns allegedly engaged in unethical business practices when she asked clients to execute documents that were blank or incomplete. She alleged conduct violates Section 409.4-412(d)(13) of the Missouri Securities Act. Under FINRA Rule 2010, brokers are also required to uphold high standards of commercial honor.
Barbara Burns consented to the following sanctions:
- A civil and administrative penalty of $25,000
- A monetary fine of $15,000
- Six-month suspension from operating as an investment adviser and broker in the State of Missouri
Her suspension will end on March 15, 2022.
Barbara Burns Background Information
Barbara Burns has passed the following exams:
- Series 65 - Uniform Investment Adviser Law Examination
- SIE - Securities Industry Essentials Examination
- Series 7 - General Securities Representative Examination
She is a registered investment advisor in Missouri state.
Other than Center Street Securities and Latour Asset Management, she has worked with no other firms.
Kurta Law Can Help
If you have been victimized by Barbara Burns, don't hesitate to get in touch with us today at 877-600-0098 or email@example.com for a free case consultation.
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