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Investors Allege Sean Burr Misrepresented Unsuitable Investment

Sean Burr (CRD #: 6421939), a broker registered with Centaurus Financial, is involved in a pending dispute, according to his BrokerCheck record, accessed on October 15, 2022. Read on to learn more about his conduct as a broker.

Investor Dispute

On July 11, 2022, multiple investors filed a dispute alleging that Sean Burr misrepresented an unsuitable investment. This dispute is currently pending.

FINRA Rule 2020

FINRA Rule 2020 bans the use of manipulation, deception, or other unethical means of influencing the purchase and sale of securities. Misrepresentation or omission of material facts relating to investments, such as their features or potential returns, violates this rule.

FINRA Rule 2111

FINRA Rule 2111 requires brokers to take into account investors’ financial goals when making investment recommendations. Brokers must consider the information contained in an investor’s profile, including the following client characteristics:

  • Age
  • Financial goals
  • Risk tolerance
  • Time horizon (i.e., how long the investor plans to hold the investment)
  • Investing experience
  • Tax status

Investors who believe their losses are the result of unsuitable investment recommendations may be able to recover their funds by pursuing FINRA arbitration.

Background Information

Sean Burr has passed the following exams:

  • Series 66 – Uniform Combined State Law Examination
  • SIE – Securities Industry Essentials Examination
  • Series 7 – General Securities Representative Examination

Sean Burr is a registered broker in California, Missouri, Montana, and Washington. He is also a registered investment adviser in California, Missouri, and Washington.

Kurta Law Can Help

If you worked with Sean Burr 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 and 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. 

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