Eric Peter Burton – Financial Advisor/Broker Suspended from Securities Industry | Goodman & Nekvasil P.A., May Recover Investor Losses
Eric Peter Burton CRD #3113849
Eric Peter Burton is a licensed financial advisor/broker with Cetera Advisors LLC. Eric Peter Burton was previously licensed with LPL Financial LLC.
According to FINRA, Eric Peter Burton was fined $5,000 and suspended from the securities industry for 3 months in July 2021.
According to FINRA Allegations:
Burton consented to the sanctions and to the entry of findings that he falsified variable annuity replacement disclosure forms that he submitted to his member firm. The findings stated that on each form, Burton falsely stated that gaining a stepped-up death benefit was one of the reasons that the variable annuity exchange was suitable for the customer. In fact, as Burton knew, each variable annuity that was to be replaced had a stepped-up death benefit that, unbeknownst to his firm, was removed at his recommendation immediately prior to the time he recommended the variable annuity exchange. Burton recommended to his customers that the death benefits be removed from the existing variable annuities in order to make his recommended exchanges look to his firm as though they were more advantageous to the customer than they were, even though each of the forms identified other, accurate reasons why each exchange was suitable for the customer. The findings also stated that by falsifying the variable annuity forms, Burton caused his firm to maintain inaccurate books and records.
Goodman & Nekvasil, P.A. May Recover Investor Losses:
If you lost money on investments with Eric Peter Burton and believe the investments may have been unsuitable or otherwise improper for you, we would like to discuss the possibility of your retaining our firm to represent you in an arbitration action concerning Eric Peter Burton’s conduct. There is no charge for an evaluation of your case. Further, we handle our cases on a contingency fee basis. This means that unless we recover money for you, we charge no attorney’s fee. Unless you recover any money, you pay us nothing, not even the costs and expenses which the firm will advance on your behalf.
Kalju Nekvasil, Esq., formerly regional counsel with the NASD, now known as FINRA, has practiced in this area of the law for more than 35 years. Goodman & Nekvasil, P.A. has recovered more than $200 million on behalf of victimized investors. If you lost money on investments with Eric Peter Burton and would like your case evaluated by a securities attorney (again, there is no charge for an evaluation and all cases are handled on a purely contingency fee basis), please contact us.
Some of the information in this blog post was obtained on 9/1/2021 directly from FINRA BrokerCheck, without any changes. If you believe this information was reported incorrectly, please contact our firm at 1-800-500-4442.