Former Colorado broker Bruce Barber (CRD# 3095959) was terminated from his employment with Securities America in February for solicited his Securities America customers to invest in unapproved securities. Following a FINRA investigation into the same misconduct, Barber was permanently barred from the industry because he would not cooperate in the regulator’s investigation.
FINRA reported that,
“without admitting or denying the findings, Barber consented to the sanction and to the entry of findings that he refused to provide documents and information requested by FINRA in connection with FINRA’s investigation concerning Barber’s outside business activity and solicitation of his member firm’s customers to invest in a private securities offering.”
Unapproved Private Securities Can Lead to Losses
We Have Recovered Over
$350 Million for Our Clients Nationwide.
The improper practice of an investment professional in selling securities to their clients that are not held at, or offered by, the brokerage firm with which they are associated and outside the client’s account with the firm is often referred to as “selling away.” These often involve investments in private limited partnerships, privately held companies, promissory notes, and real estate.
If you or someone you love has lost money because of private securities investments made by Bruce Barber or any other broker, please contact the attorneys at Meyer Wilson for a complimentary evaluation of your case.
Related Posts:
- Boston Broker Cornelius Peterson Fired for Allegations of Misappropriating Client Assets
- Stay Alert for Stock Fraud Following Hurricane Harvey
- Understanding Initial Coin Offerings
Recovering Losses Caused by Investment Misconduct.
