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National Investment Fraud Lawyers

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Investigation of Crown Capital Securities, L.P. Broker Hugh Barndollar

Posted on Thursday, January 9th, 2020 at 12:31 pm    

Crown Capital Securities

Were you the victim of Crown Capital Securities, L.P. broker Hugh Barndollar (CRD# 3027317)? Barndollar has been registered with Crown Capital Securities, L.P. in Land O’ Lakes, Florida since 2013. 

Barndollar has been the subject of three customer complaints between 2010 and 2020, one of which was settled, according to his CRD report. The most recent complaints are regarding:

April 2020. “The claimant alleges lack of suitability, breach of contract and lack of proper due diligence for two alternative investments purchased April 2018.” The customer is seeking $100,100 in damages in this pending customer complaint. The complaint was regarding direct investments. 

July 2019. “Claimant alleges negligence in the handling of their account and the recommendation of financial investments; breach of fiduciary duty and negligent supervision by crown capital in allowing it’s brokers to conduct inadequate due diligence.” The customer is seeking $100,000 in damages and the case is currently pending. The complaint was regarding direct investments. 

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, Crown Capital Securities, L.P. may be liable for investment or other losses suffered by Barndollar’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.