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James Burton Terminated by Farmers Financial Solutions

James Burton (CRD #: 5051310) has been fired by Farmers Financial Solutions. This disclosure appears on his BrokerCheck record, accessed on December 15, 2023. Details concerning this termination are provided below. 

On October 20, 2023, Farmers Financial Solutions terminated James Burton following allegations that he failed to disclose a private securities transaction. The firm further alleged violations related to promissory notes as outside business activity. 

James Burton has one outside business listed on his detailed BrokerCheck report: Pre-Paid Legal Offers Legal Services Plans. 

Outside Business Activity 

FINRA Rule 3270 requires brokers to inform their firm of any outside business activities or any investments sold away from the firm. The brokerage firm may prohibit the activity if the firm believes the proposed activity may compromise the broker’s duties. Promissory notes are obligations to pay a set sum of money to another party and could constitute outside business. 

Private Transactions

FINRA Rule 3280 requires brokers to seek approval from their firm before engaging in private securities transactions. 

Background Information

James Burton has passed the following exams: 

  • Series 63 Uniform Securities Agent State Law Examination 
  • SIE – Securities Industry Essentials Examination 
  • Series 6 Investment Company Products / Variable Contracts Representative Examination 

Kurta Law Can Help 

If you have worked with James Burton and you have concerns about your investments, do not hesitate to contact us at 877-600-0098 or for a free consultation. 

For nearly 20 years, Kurta Law has advocated for investors 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. Do not let securities fraud go unchecked. Start your recovery process today.