Eric Jason Abrahams Suspended by FINRA

Eric Jason Abrahams (CRD #: 4184330), a broker formerly registered with Burch & Company, has been suspended by FINRA, according to his BrokerCheck record, accessed on March 15, 2025. If you have questions about his alleged conduct as a broker, keep reading.

2025 FINRA Suspension

On February 21, 2025, Eric Jason Abrahams received a Letter of Suspension from FINRA alleging that he failed to comply with an arbitration award or settlement agreement or to adequately respond to a request for information about the status of his compliance.

These allegations were made in connection with an arbitration award filed on December 27, 2024. In it, Eric Jason Abrahams and another claimant alleged that Deutsche Bank Securities engaged in misrepresentation, failure to supervise, and violation of FINRA Rule 2010 in connection with their employment and book of business.

These claims were denied and Eric Jason Abrahams was made jointly and severally liable for $6,441.50 in monetary sanctions. You can read the arbitration award here.

Through this letter, FINRA indefinitely suspended Eric Jason Abrahams. The suspension will continue until the required payment is made or discharged.

FINRA Rule 2010

FINRA Rule 2010 holds brokers to high standards of commercial honor and just and equitable principles of trade.

FINRA Rule 3110

FINRA Rule 3110 requires that firms establish supervisory systems to ensure their compliance with securities regulations. Firms must appoint supervisors and provide them with Written Supervisory Procedures (WSPs) to follow.

Article VI, Section 3 of FINRA By-Laws

Article VI, Section 3 of FINRA By-Laws allows FINRA to suspend or cancel the membership of any member who fails to comply with arbitration awards or settlement agreements.

FINRA Rule 9554

FINRA Rule 9554 penalizes brokers who fail to comply with arbitration awards or settlements by suspending or canceling their registration. Brokers have 21 days to request a hearing before their suspension or cancellation becomes final.

2019 FINRA Suspension

On December 13, 2019, Eric Jason Abrahams allegedly received a notice of FINRA’s intent to suspend him in connection with his alleged failure to comply with an arbitration award/settlement agreement or to sufficiently respond to a request for information about his compliance.

Eric Jason Abrahams allegedly requested a hearing, but failed to provide a completed Statement of Financial Condition form or other documentation related to his financial condition before January 3, 2020.

FINRA alleged that, at a prehearing telephone conference on January 13, 2020, Eric Jason Abrahams stated that he was no longer willing to complete this form or provide documentation, and that he understood that this constituted an abandonment of his defense asserting his inability to pay.

His hearing was allegedly cancelled and the expedited proceeding dismissed as a result.

Eric Jason Abrahams was suspended by FINRA on January 3, 2020. This suspension will continue until the required payment is made or discharged.

Background Information

Eric Jason Abrahams has passed the following exams:

• Securities Industry Essentials Examination – SIE
• General Securities Representative Examination – Series 7
• Uniform Securities Agent State Law Examination – Series 63

He has also worked for the following firms:

• Burch & Company (CRD#:102280)
• Raymond James & Associates (CRD#:705)
• Deutsche Bank Securities (CRD#:2525)
• Wachovia Securities (CRD#:19616)
• Prudential Securities (CRD#:7471)

Kurta Law Can Help

If you worked with Eric Jason Abrahams and you have concerns about your investments, please contact us today at 877-600-0098 or info@kurtalawfirm.com for a free consultation.

For over 20 years, Kurta Law has advocated on behalf of investors who want to recover their investment losses from brokers and brokerage firms. Kurta Law is a nationally recognized law firm that exclusively represents investors against brokers and brokerage firms on a contingency basis. This means that the firm only earns a fee if our securities attorneys recover money on your behalf.