Advisor Alert: Our Attorneys Are Investigating Darrach Michael Bourke For Investment Fraud
Did You Lose Money Because of Darrach Bourke?
Filed: March 12, 2024
Darrach Bourke currently has one (1) pending customer complaint. Overall, he has been the subject of one (1) regulatory event, one (1) termination event, five (5) criminal events, and seven (7) customer complaints. As an investor, you may be entitled to compensation for losses accrued due to mismanagement of your investments.
Let’s begin our Patil Law Advisor Alert with a summary report on Darrach Michael Bourke.
Who Is Darrach Michael Bourke of Emerson Equity LLC?
- Advisor Name: Darrach Michael Bourke
- Aliases: Darrach Bourke
- CRD: 5255413
- Location: Mill Valley, California
- Current Employer: Emerson Equity LLC
- Previous Firms: Summit Brokerage Services, Inc.
- Number of Known Customer Complaints: 7
- Number of Known Regulatory Events: 1
- Number of Known Termination Events: 1
- Number of Known Criminal Events: 5
- Can Darrach Bourke Be Sued: Yes, in Private Arbitration
- Can Darrach Bourke’s Employers Be Sued For Failing to Supervise Actions: Yes, in Private Arbitration
- Highest Damages Allegation: $173,000
- Highest Settlement: $50,000
If you have suffered investment losses by Darrach Bourke, we strongly encourage you to exercise your rights to experienced legal representation. Recover what is owed to you by retaining a breach of fiduciary duty lawyer. Reach out to the legal team at Patil Law, P.C. via the secure online form or call the firm directly toll-free at 1-800-950-6553.
Customer Complaints Filed Against Darrach Bourke For Broker Misconduct
As of this publication date, Darrach Bourke has been the subject of 1 regulatory event, 1 termination event, 5 criminal events, and 7 customer disputes. Let’s review them below.
In February 2023, a FINRA arbitration was filed against or in reference to Darrach Bourke by a customer of Stifel, Nicolaus & Company, Inc. alleging breach of fiduciary duty, negligence and negligent misrepresentation, breach of contract, and negligence-violation of best interest. As of this publication date, this claim remains pending.
In August 2017, a complaint was filed against or in reference to Darrach Bourke by a customer of Stifel, Nicolaus & Company, Inc. alleging unauthorized trading and overconcentration in energy securities. Per the customer, he/she lost over $90,000 because of Mr. Bourke’s actions. On October 19, 2017, Mr. Bourke settled the claim for $13,500, and some or all of this amount may have been paid by Mr. Bourke’s employer and/or insurance carrier.
In May 2017, a complaint was filed against or in reference to Darrach Bourke by a customer of Stifel, Nicolaus & Co and Summit Brokerage Services alleging that beginning in March 2015 Mr. Bourke exercised unauthorized discretionary control and executed trades contrary to his investment and risk profile. Per the customer, he/she lost over $173,000 because of Mr. Bourke’s actions. On June 19, 2018, Mr. Bourke settled the claim for $32,500, and some or all of this amount may have been paid by Mr. Bourke’s employer and/or insurance carrier.
In March 2017, FINRA initiated a regulatory action against or in reference to Darrach Bourke for allegedly exercising discretion without written authorization in the accounts of two customers.
In March 2016, a complaint was filed against or in reference to Darrach Bourke by a customer of Stifel, Nicolaus & Company Inc. alleging Mr. Bourke recommended unsuitable mutual funds.
In December 2014, a complaint was filed against or in reference to Darrach Bourke by a customer of Stifel, Nicolaus & Company Inc. alleging unauthorized trading. Per the customer, he/she lost over $50,000 because of Mr. Bourke’s actions. On January 14, 2015, Mr. Bourke settled the claim for $50,000, and some or all of this amount may have been paid by Mr. Bourke’s employer and/or insurance carrier.
In October 2014, Stifel, Nicolaus & Company Inc. terminated Darrach Bourke for violation of firm policy regarding exercising discretion without written authorization in client accounts.
In October 2014, a complaint was filed against or in reference to Darrach Bourke by multiple customers of Stifel, Nicolaus & Company Inc. alleging that Mr. Bourke did not always receive instructions from the client before purchasing or selling securities
In August 2013, a complaint was filed against or in reference to Darrach Bourke by multiple customers of Stifel, Nicolaus & Company Inc. alleging that Mr. Bourke exercised time and price discretion in connection with securities transactions. Per the customers, they lost over $30,000 because of Mr. Bourke’s actions. On September 16, 2013, Mr. Bourke settled the claim for $30,000, and some or all of this amount may have been paid by Mr. Bourke’s employer and/or insurance carrier.
In December 1998, felony charges were pressed against Mr. Bourke in Palo Alto, California, Santa Clara County. Mr. Bourke received a charge for failure to appear at a court date relative to a felony charge from 1997 that resulted from the possession of a controlled substance.
In December 1997, felony charges were pressed against Mr. Bourke in Palo Alto, Santa Clara County, California, USA. Mr. Bourke received a charge for possession of a controlled substance.
In January 1994, felony and misdemeanor charges were pressed against Mr. Bourke in Santa Barbara, California, Santa Barbara County. Mr. Bourke received a felony charge for battery with serious bodily injury and a misdemeanor charge for unlawful fight in a public place.
In May 1992, misdemeanor charges were pressed against Mr. Bourke in Superior Court of California, County of Santa Barbara. Mr. Bourke received a 1 count misdemeanor charge for shoplifting.
In January 1989, misdemeanor charges were pressed against Mr. Bourke in Superior Court of Santa Clara County, Palo Alto Facility. Mr. Bourke received a charge for defrauding an innkeeper and a charge for trespassing.
How To File A Claim Against Darrach Bourke of Emerson Equity LLC (previously with Summit Brokerage Services, Inc.) To Get Your Money Back
If you have questions about Darrach Bourke, Emerson Equity LLC, Summit Brokerage Services, Inc., or the management or performance of your accounts, please contact Attorney Patil for a free initial consultation via email or toll-free at 1-800-950-6553.