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Broker Bruce Barber Terminated from Firm for Selling Unapproved Private Securities

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

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.

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The information contained in The Firm’s posts on its blog, fraud alerts, investigations or elsewhere on the site is based upon information obtained from other sources including, but not limited to, news outlets and federal, state, and regulatory agency filings. All suspects and subjects of postings herein are presumed innocent until proven guilty in a court of law or administrative action and any and all crimes are alleged until a court or regulatory agency finds otherwise .

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