DID SCOT BARRINGER CAUSE YOU INVESTMENT LOSSES?
Scot Barringer Of American Trust Investment Services, Inc. and Formerly With Westpark Capital, Inc. Has 5 Customer Complaints For Alleged Broker Misconduct
About Scot Barringer of American Trust Investment Services, Inc.?
Scot Barringer (CRD #1385168) has had a problematic track record in the financial services industry. Registered with American Trust Investment Services, Inc. and Chicago Capital Management Advisors, LLC since July 2020, his career is punctuated with a substantial number of customer disputes and a troubling regulatory event. He is licensed in 18 U.S. states and territories and has passed multiple supervisory and industry exams. Despite his qualifications, his professional history includes numerous switches between firms, suggesting potential instability or dissatisfaction from his employers and clients. His extensive exam credentials, including four principal/supervisory exams, contrast sharply with his record of regulatory and legal challenges.
Investment Losses? Let’s talk.or, give us a ring at (800) 732-2889.
Scot Barringer Customer Complaints and Reviews
- Regulatory Event (1 Incident)
- Initiated: October 8, 1992
- Resolution: Scot Barringer was censured, fined $10,000, and suspended due to failing to establish a proper escrow account and misusing customer funds.
- Customer Disputes (6 Incidents)
- Most Recent Complaint: September 5, 2022
- Allegations: Unsuitability and omission of material facts, leading to a client’s investment in a company that later filed for bankruptcy.
- Settlement: Two disputes settled for $14,999 each, with Barringer personally contributing the full amounts.
- Another complaint involved allegations of unsuitability with a settlement of $50,000, though Barringer did not contribute personally.
- Judgment/Lien (1 Incident)
- Filed: October 21, 2015
- Amount: $4,589.66
- Type: Tax lien by the IRS, currently on a payment plan.
Allegations Against Scot Barringer
- Failure to Establish Proper Escrow Account: This allegation stems from a regulatory action indicating a serious lapse in financial controls and legal compliance.
- Misuse of Customer Funds: Barringer was accused of disbursing customer funds prior to meeting the stated contingency of an investment, which is a breach of trust and legal duty.
- Unsuitability and Omission of Material Facts: These allegations suggest a pattern of recommending investments not aligned with clients’ interests or financial situations and failing to disclose critical information about the investments’ risks.
- Tax Lien for Failure to Pay Taxes: Reflects on personal financial management skills, which might concern clients about his ability to manage their investments responsibly.
Scot Barringer Red Flags & Your Rights As An Investor
Of course, Scot Barringer did not admit to any of the allegations. But regardless of whether an arbitration award was entered, a settlement occurred, or the customer complaint is still pending, the allegations made by customers are red flags which should put all current and former customers of Scot Barringer at American Trust Investment Services, Inc. and Westpark Capital, Inc. on alert to review carefully the activity and performance of their accounts and question whether Scot Barringer has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at American Trust Investment Services, Inc. and Westpark Capital, Inc. also raises questions about the brokerage firms’ supervisory practices. If these red flags raise questions, call us and we will inform you of your rights as an investor.
Did You Lose Money Because of Broker Misconduct?
If you have lost money due to negligence or fraud by a stockbroker or advisor, the easiest way to know if you have a case is to call our office at 800-732-2889. Our investment fraud attorneys will evaluate your claim for free and let you know if we can help you recover your losses.
Need Legal Help? Let’s talk.or, give us a ring at 561-338-0037.
File A Claim To Recover Your Investment Losses At American Trust Investment Services, Inc. Due To Scot Barringer
If you have questions about American Trust Investment Services, Inc., Westpark Capital, Inc. and/or Scot Barringer and the management or performance of your accounts, please contact Attorney Pearce for a free initial consultation via email or Toll Free at 1-800-732-2889.
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