Concerned about investment losses with Barry G. Hartman?
Have you suffered losses investing with Barry G. Hartman? If so, The White Law Group may be able to help you recover your losses through FINRA arbitration.
Barry G. Hartman (CRD #1361232, Missoula, Montana) recently submitted an AWC in which he was barred from association with any FINRA member in any capacity.
Without admitting or denying the findings, Hartman consented to the sanction and to the entry of findings that he served on the board of directors of an unaffiliated privately held company without providing written notice to his member firm in the form the firm required.
The findings stated that Hartman participated in private securities transactions by personally investing approximately $450,000 in the undisclosed outside business. Hartman also recommended that the firm’s customers invest in the undisclosed outside business and referred them directly to complete their investments. Hartman failed to provide written notice of these private securities transactions to the firm, and he failed to comply with firm procedures that required the firm’s pre-approval of such transactions.
For FINRA’s full findings, see FINRA Case #2015044671601.
According to his FINRA Broker Report, Hartman was registered with FSC Securities in Missoula, Montana from 02/2002 – 03/2015. Hartman’s FINRA Broker Report also indicates that he has been the subject of approximately 19 customer complaints. Allegations include violations of common law fraud, misrepresentation, and unsuitability.
Recovery of Investment Losses
Brokers have a fiduciary duty to make investment recommendations that are consistent with the clients net worth, investment experience and objectives. Risk tolerance, age, and liquidity needs also need to be considered. Furthermore, brokers are prohibited from engaging in underhanded businesses practice, like churning, that violate securities laws and regulations.
When brokers abuse client accounts and conduct transactions that violate securities laws, the brokerage firm they are working with may be liable for investment losses. Brokerage firms that fail to monitor the business activities of their employees may be liable for investment losses due to negligent supervision for the misconduct of their employees.
If you suffered losses investing with Barry G. Hartman, the attorneys of The White Law Group may be able to help you recover your losses. For a free consultation with a securities attorney, please call 888-637-5510.
The White Law Group, LLC is a national securities fraud, securities arbitration, investor protection, and securities regulation/compliance law firm with offices in Chicago, Illinois and Franklin, Tennessee.
For more information on The White Law Group, visit www.WhiteSecurtiesLaw.com.