Geneos Wealth Management, Inc. Broker Edward Barfield Accused of Unsuitable Investment Recommendations

Geneos Wealth Management

Were you the victim of Geneos Wealth Management, Inc. broker Edward Barfield (CRD# 4257082), who is accused of unsuitable investment recommendations? He has been registered with Geneos Wealth Management, Inc. in Kirkwood, Missouri, since 2021. Previously, he was registered with Cetera Advisor Networks LLC in Kirkwood, Missouri, from 2019 to 2021. Prior to then, he was registered with Summit Financial Group Inc. in Kirkwood, Missouri, from 2010 to 2021.

In July 2015, the state of Missouri opened an investigation alleging that the broker made unsuitable investment recommendations. 

Edward Barfield Customer Complaints

He has been the subject of seven customer complaints between 2009 and 2023, one of which was denied, one was withdrawn, and one was closed without action, according to his CRD report. The most recent complaints were regarding: 

July 2023. “Client alleges that Representative made an unsuitable recommendation of a fixed whole life insurance product in 2020 and that the representative created a tax liability in the transferring of her IRA account to a revocable living trust account.” The customer is seeking $292,000 in damages, and the case is currently pending. The complaint was regarding insurance losses. The complaint took place while 

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, Geneos Wealth Management, Inc. may be liable for investment or other losses suffered by Edward Barfield’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.

"*" indicates required fields

Please do not include any confidential or sensitive information in this form. Submitting this form does not create an attorney-client relationship.

Author: Jeffrey Erez

The founder of Erez Law, Jeffrey Erez, focuses exclusively on securities arbitration and litigation. Mr. Erez passionately believes in representing aggrieved investors and obtaining justice for his clients through litigation.