FINRA Bars Broker For Borrowing Client Funds

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FINRA Bars Broker For Borrowing Client Funds

FINRA has barred broker Christopher Burtraw of Lakewood, Colorado, alleging that he borrowed client funds. Burtraw accepted a permanent bar after he failed to provide documents and information sought by FINRA during the investigation into him borrowing client funds from multiple customers.

Burtraw first entered the securities industry in 2003 when he was registered with Edward Jones. Between 2004 and 2014 Burtraw was registered with LPL Financial Corporation and Purshe Kaplan Sterling Investments before joining J.P. Turner & Company, LLC in 2014.

On October 15, 2015, J.P. Turner filed a Form U5 Uniform Termination Notice for Securities Industry Registration with FINRA disclosing that Burtraw’s employment was terminated on September 30, 2015. Burtraw’s registration with FINRA ended on October 1, 2015.

Though Burtraw is not currently associated with a FINRA member firm, he is still subject to FINRA’s jurisdiction pursuant to Article V, Section 4 of FINRA’s By-Laws.

On February 2, 2016, during the investigation into allegations that Burtraw borrowed funds from multiple firm customers, FINRA requested that Burtraw provide documents and information by February 10, 2016. As stated by Burtraw’s counsel in an email to FINRA staff on February 2, 2016, Burtraw received the request but refused to provide the requested documents and information at any time.

If you or someone you know has lost money as a result of an investment or Ponzi scheme, please contact Richard Frankowski at 888-741-7503 to discuss your potential legal remedies or complete the contact form.

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