Florida-based broker allegedly misappropriated funds while associated with two different member firms.
Carlton E. Burton passed his Series 7 General Securities Representative Exam in October 2014. He passed his Series 66 Uniform Combined State Law Examination in June 2015. And in February 2016, Burton was permanently barred from associating with any FINRA member in any capacity.
The FINRA action results from Burton’s refusal to respond to FINRA’s request for documents and information during an investigation into allegations that he misappropriated assets from the investment advisory firm where he worked.
According to the disciplinary action, Burton acknowledged that he had received FINRA’s request and would not provide the requested documents or information at any time. As a result, he is disqualified from FINRA and may not be involved with any FINRA member in any capacity, including clerical and ministerial functions.
During his short career, Burton was discharged from The Retirement Planners, USA, LLC for alleged misappropriation of firm assets and misuse of a company issued credit card. He was also discharged from Silver Oak Securities Inc. for allegedly misappropriating the advisory firm’s assets.
If you have invested with Carlton E. Burton and have lost money doing so, you may be able to recover some or all of your losses. Our securities arbitration lawyers are experienced in recovering investor losses due to broker misconduct.
Silver Law Group represents the interests of investors who have been the victims of investment fraud. If you have questions about your legal rights, schedule a complimentary consultation now or call us toll free at (800) 975-4345.