ERIC PETER BURTON is currently employed as a Broker and/or Investment Adviser at LPL FINANCIAL LLC located at 15321 S 94th Ave., Suite 100, Orland Park, IL, 60462.
ERIC PETER BURTON has worked at LPL FINANCIAL LLC since April 28, 2016
ERIC PETER BURTON has 2 Disclosure Event(s).
Date: November 23, 2015 Category: Customer Dispute Allegations: Client alleges that the rep did not fully disclose that she was purchasing an annuity product, and she lost out on market performance during the period to reverse the transaction. Damage Amount Requested: $10,617.00
Date: January 04, 2013 Category: Financial Type: Compromise Disposition: Satisfied/Released Broker Comment: IN 2007, I PURCHASED AN INVESTMENT PROPERTY IN FLORIDA WITH TWO OTHER INVESTORS WITH INTENTIONS OF SELLING IT UPON COMPLETTION OF ITS CONSTRUCTION. THE 2008 REAL ESTATE MARKET CRASH, WHICH HIT FLORIDA PARTICULARLY HARD, MADE IT IMPOSSIBLE TO SELL THE PROPERTY FOR WHAT WE PAID FOR IT. WE CARRIED THE PROPERTY FOR APPROXIMATELY, THREE YEARS SHARING EQUALLY IN THE OVERHEAD EXPENSES. THEN, IN 2010, ONE OF THE INVESTORS BUSINESSES FAILED AND THE OTHER INVESTOR WENT THROUGH A DIVORCE. BOTH OF THEM STOPPED CONTRIBUTING TO THE CARRYING COSTS OF THE PROPERTY WHICH FORCED ME TO COVER ALL OF THE COSTS ALONE WHICH I DID FOR OVER TWO YEARS. THIS BECAME VERY DIFFICULT TO DO AND UPON THE RECOMMENDATION OF MULTIPLE REAL ESTATE PROFESSIONALS, I PURSUED A SHORT SALE OF THE PROPERTY WHICH THE BANK ACCEPTED AND I SUCCESSFULLY CLOSED ON THE PROPERTY IN JANUARY 2013.
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A disclosure includes information about customer disputes, disciplinary events and financial matters on the broker's record as reported by securities regulators, the individual broker, and any involved firms. Some of these items may involve pending actions or allegations that have not been resolved or proven. The presence of a disclosure does not automatically indicate any wrongdoing.
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