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Did You Lose Money Investing with Former J.P. Morgan Securities LLC Broker Barry Snyder?

Posted on Wednesday, October 30th, 2019 at 9:14 am    

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Erez Law is currently investigating former J.P. Morgan Securities LLC broker Barry Snyder (CRD# 2385901) regarding excessive and unauthorized trades. Snyder has been registered with Snowden Account Services LLC in Coral Gables, Florida since September 2019. Previously, Snyder was registered with Lampost Capital, L.C. in Boca Raton, Florida from August 2018 to September 2019 and previously with J.P. Morgan Securities LLC in Palm Beach Gardens, Florida from 2013 to 2015. Previously, Snyder was registered with Credit Suisse Securities (USA) LLC in West Palm Beach, Florida from 2009 to 2013, when he was terminated regarding, “Concerns relating to the accuracy of records regarding certain orders the representative said he took from customers.’

Snyder has been the subject of two customer complaints between 2018 and 2019, according to his CRD report:

August 2019. “Customer alleges excessive and unauthorized trading. Activity dates 12/06/2013-01/31/2015. This has moved to Arbitration. Customers allege investment strategy recommended was not in their best interests, and certain trades were made without their authorization. Activity dates 12/06/2013-01/31/2015.” The customer is seeking $500,000 in damages and the case is currently pending. This complaint took place while Snyder was registered with J. P. Morgan Securities LLC and was regarding equity OTC.

November 2018. “Loss in value of account in concentrated positions, damages are unspecified. claimants allegations are wholly without merit and will be defended vigorously regarding diminution in account value.” This complaint took place while Snyder was registered with J. P. Morgan Securities LLC and was regarding common and preferred stocks.

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, J.P. Morgan Securities LLC may be liable for investment or other losses suffered by Snyder’s customers.

Erez Law represents investors in the United States for claims against brokers and brokerage firms for wrongdoing. If and 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.