Did you lose money investing with Raymond James & Associates, Inc. broker Peter Barry (CRD# 2235548)? He has been registered with Raymond James & Associates, Inc. in Los Angeles, California, since 2018. He was registered with Wells Fargo Securities, LLC in San Francisco, California, from 2010 to 2016.
Peter Barry Customer Complaints
He has been the subject of one customer complaint, according to his CRD report:
September 2024. “Claimants allege FA invested them in an unsuitable and high-risk portfolio that included alternative investments, micro-cap and small-cap securities, and REITs; improperly held bonds and other fixed-income securities for short periods; improperly concentrated them in certain investments; engaged in poor cash management; improperly recommended a securities-backed line of credit to them; and charged excessive fees and commissions.” The customer sought $1,428,201 in damages, and the case was settled for $450,000. The complaint was regarding common and preferred stocks. The complaint took place while he was registered with Raymond James & Associates, Inc.
Pursuant to FINRA Rules, member firms are responsible for supervising a broker’s activities during the time the broker is registered with the firm. Therefore, Raymond James & Associates, Inc. may be liable for investment or other losses suffered by Peter Barry’s customers.
Erez Law represents investors in the United States for claims against brokers and brokerage firms for wrongdoing. If you have experienced investment losses, please call us at 888-840-1571 or complete our contact form for a free consultation. Erez Law is a nationally recognized law firm representing individuals, trusts, corporations and institutions in claims against brokerage firms, banks and insurance companies on a contingency fee basis.
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