Call Now For a Free Consultation:
(614) 532-4576
Nationwide Representation

JJB Hilliard, WL Lyons Broker Michael Barnett Facing Allegations of Investment Misconduct

JJB Hilliard, WL Lyons broker Michael Barnett is the subject of numerous customer complaints alleging breach of fiduciary duty, negligence, negligent misrepresentation and omission, breach of contract, common law fraud, and more.

According to the FINRA report (PDF), claimants alleged that Barnett sold all of their blue chip stocks and invested the proceeds, along with funds from a joint account and an IRA into Breitburn Energy. The highly speculative oil and gas company filed for bankruptcy in 2016, and allegations claim that the overconcentration of funds in the unsuitable investment exposed clients to substantial risks, ultimately causing them to suffer significant losses.

Barnett is currently registered at JJB Hilliard, WL Lyons and has spent eight years working in the securities industry.

Did You Lose Money While Investing with Michael Barnett?

When brokers like Barnett participate in this type of misconduct, investors may be able to recover their losses through FINRA arbitration. If you suffered financial losses while working with Michael Barnett, the investment fraud attorneys at Meyer Wilson would like to hear from you. Give our office a call at (614) 532-4576 to start out with a free case consultation.

Related Posts:

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 .

Share This Story
If you found the information provided by this article useful, consider sharing to your social media channels to help others in their search for reliable resources.
Consult with Our Legal Team
There is never a cost associated with a consultation
Atlanta Office

945 East Paces Ferry Road, Suite 2275
Atlanta, GA 30326
Columbus Office

614-224-6000
305 W. Nationwide Blvd
Columbus, OH 43215
Meyer Wilson
New Orleans Office

900 Camp Street 
Suite 337
New Orleans, LA 70130
Los Angeles Office

310-905-8688
2029 Century Park East,
Suite 400N
Los Angeles, CA 90067
Cleveland Office

216-600-1355
4781 Richmond Rd.
Suite 400
Warrensville Heights, OH 44128
Bloomfield Hills Office

248-817-8214
41000 Woodward Ave.,
Suite 350
Bloomfield Hills, MI 48304
Quick Links
The information contained in this Website is provided for informational purposes only, and should not be construed as legal advice on any subject matter. No recipients of content from this site, clients or otherwise, should act or refrain from acting on the basis of any content included in the site without seeking the appropriate legal or other professional advice on the particular facts and circumstances at issue from an attorney licensed in the recipient's state. Read More
The information contained in this Website is provided for informational purposes only, and should not be construed as legal advice on any subject matter.
Read More
chevron-down linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram