David M. Burke

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CRD#: 2431098

Professional summary

David Michael Burke was barred by both the FINRA and the SEC from acting as a broker or investment advisor or otherwise associating with a broker-dealer firm.

David is a previously registered financial professional and started their career in finance in 1994. Prior to being barred, David had worked at 11 firms, which includes SHEARSON FINANCIAL SERVICES LLC, SUNBELT SECURITIES INC., CAPSTONE INVESTMENTS, CAROLINA CAPITAL MARKETS INC., HAMPTON SECURITIES (USA) INC., AK CAPITAL LLC, RBC CAPITAL MARKETS LLC, FIRST CLEARING LLC, SCHONFELD SECURITIES LLC, BROADPOINT DESCAP, SPELMAN & CO. INC..

Question & Answer

Are you a "fiduciary"?

Aliases

None

Other business activities

Outside business activity is any business or activity undertaken by an advisor that is outside the scope of their relationship with their firm (e.g., consulting services, real estate, freelance work, teaching, etc.). Investors should stay informed about these activities to ensure no conflicts of interest.

The advisor shows no other business activity.

Blog Corner

CRS (Client Relationship Summary)

The CRS(Customer Relationship Summary) document is not provided.

Certified licenses

Advisors may have various certifications and credentials from different organizations. AdvisorCheck highlights these seven certifications - AIF®, CFP®, ChFC®, CFA, CLU®, CIMA®, CPWA®

None

Experience

Past

October 3, 2011 - November 10, 2014

SHEARSON FINANCIAL SERVICES, LLC

CRD#: 38619

BOCA RATON, FL

Past

February 9, 2010 - October 5, 2011

SUNBELT SECURITIES, INC.

CRD#: 42180

HOUSTON, TX

Past

February 1, 2010 - February 12, 2010

SHEARSON FINANCIAL SERVICES, LLC

CRD#: 38619

BOCA RATON, FL

Past

January 14, 2009 - February 10, 2010

CAPSTONE INVESTMENTS

CRD#: 41400

SAN DIEGO, CA

Past

August 22, 2007 - June 5, 2008

CAROLINA CAPITAL MARKETS, INC.

CRD#: 38156

CHAPEL HILL, NC

Past

January 11, 2007 - May 27, 2008

HAMPTON SECURITIES (USA), INC.

CRD#: 46816

TORONTO, ONTARIO,

Past

December 3, 2004 - March 20, 2006

HAMPTON SECURITIES (USA), INC.

CRD#: 46816

TORONTO, ONTARIO,

Past

January 20, 2003 - August 28, 2007

AK CAPITAL LLC

CRD#: 28345

NEW YORK, NY

Past

August 19, 2002 - January 9, 2003

CAPSTONE INVESTMENTS

CRD#: 41400

SAN DIEGO, CA

Past

July 6, 1998 - January 21, 2000

RBC CAPITAL MARKETS, LLC

CRD#: 31194

NEW YORK, NY

Past

October 8, 1997 - June 2, 1998

FIRST CLEARING, LLC

CRD#: 17344

ST. LOUIS, MO

Past

March 20, 1997 - August 18, 1997

SCHONFELD SECURITIES, LLC

CRD#: 23304

JERICHO, NY

Past

July 13, 1994 - July 3, 1996

BROADPOINT DESCAP

CRD#: 14997

NEW YORK, NY

Past

January 21, 1994 - February 8, 1994

SPELMAN & CO., INC.

CRD#: 10232

PHOENIX, AZ

State Registrations and Notice Filings

Listed states reflect where the advisor is authorized to serve clients under state regulations.

Visual representation of state registrations

This advisor is not registered in any state.

Exams

State Security Law Exam

Series 63

Date: 2/28/2009

Uniform Securities Agent State Law Examination

General Industry/Product Exam

SIE

Date: 11/10/2014

Securities Industry Essentials Examination

General Industry/Product Exam

Series 7

Date: 8/16/2002

General Securities Representative Examination

Current Firm

SHEARSON FINANCIAL SERVICES, LLC

CRD#: 38619 / SEC#: 801-61866, 8-48313

RIA

Registered Investment Advisory firm - SEC (8/19/2004 Terminated)

Florida

Registered Investment Advisory firm - SEC (6/20/2016 Approved)

Texas

Registered Investment Advisory firm - SEC (5/4/2017 Approved)

Broker-Dealer Firm Regulated by FINRA (Florida district office)

Why is a state registration marked "Terminated"? When a firm registers with the SEC (usually after managing $100M+ AUM), it often withdraws separate state firm registrations unless required by that state. The firm can still serve clients there through its individually registered Investment Advisor Representatives (IARs).

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Contact information

Main Address

7000 W. Palmetto Park Road Suite 501, Boca Raton, FL 33433

Mailing Address

7000 W. Palmetto Park Road Suite 501, Boca Raton, FL 33433

Phone number

(561) 613-4727

Established

Florida since 01/01/2007

Firm type

Limited Liability Company

Fiscal year end

December

Firm Size

Small

# of Employees

FINRA licenses (45 States and Territories)

Documents

Customer Relationship Summary (CRS / FINRA)

Latest Form ADV

Direct owners and executive officers

Name	Position	CRD#
KAPLAN, JED PHILIP	CEO/FINOP/CCO	1622929
GROSSMAN, STEVEN MICHAEL	PRESIDENT, AML OFFICER	4430498

Disclosures

Regulatory Event

Red Flags

Disclosures can be potential red flags, including customer disputes, regulatory fines, employer terminations, bankruptcies, judgments, liens, or certain criminal activities.

Check for any disclosures as part of your thorough research when choosing an advisor.

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Firm Stability Insights

David M. Burke

Professional summary

Question & Answer

Aliases

Other business activities

Blog Corner

CRS (Client Relationship Summary)

Certified licenses

Experience

SUNBELT SECURITIES, INC.

SHEARSON FINANCIAL SERVICES, LLC

CAPSTONE INVESTMENTS

CAROLINA CAPITAL MARKETS, INC.

HAMPTON SECURITIES (USA), INC.

HAMPTON SECURITIES (USA), INC.

AK CAPITAL LLC

CAPSTONE INVESTMENTS

RBC CAPITAL MARKETS, LLC

FIRST CLEARING, LLC

SCHONFELD SECURITIES, LLC

BROADPOINT DESCAP

SPELMAN & CO., INC.

State Registrations and Notice Filings

Exams

Series 63

Date: 2/28/2009

SIE

Date: 11/10/2014

Series 7

Date: 8/16/2002

Current Firm

SHEARSON FINANCIAL SERVICES, LLC

Contact information

FINRA licenses (45 States and Territories)

Documents

Direct owners and executive officers

Disclosures

Red Flags

Company Information

SHEARSON FINANCIAL SERVICES, LLC

TRUST BUT VERIFY

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