DID PETER BARRY CAUSE YOU INVESTMENT LOSSES
About Peter Barry of Raymond James & Associates, Inc.?
Peter Barry (CRD #2235548) is an experienced broker currently registered with Raymond James & Associates, Inc., where he has been employed since April 2018. His previous roles include positions with Wells Fargo Securities, LLC, Morgan Stanley & Co., and Banc of America Securities LLC. Barry’s employment record reflects both active registrations and experience across prominent financial institutions. Mr. Barry passed one principal/supervisory exam, five general industry/product exams, and two multi-state securities law exams. He is registered with five self-regulatory organizations (SROs) and holds licenses across 14 U.S. states and territories, indicating a broad scope of authorization and experience within the financial services industry.
Investment Losses? Let’s talk.or, give us a ring at (800) 732-2889.
Peter Barry Customer Complaints and Reviews
Barry has a pending customer dispute filed on September 17, 2024. Key details of the dispute include:
Status: This dispute is currently pending with FINRA arbitration (Case #24-01633).
Complaint: The claimant alleges that Barry invested them in an unsuitable, high-risk portfolio with alternative investments, micro-cap and small-cap securities, and real estate investment trusts (REITs). Additional claims include improper short-term holding of bonds, concentration on certain investments, poor cash management, improper recommendation of a securities-backed line of credit, and excessive fees and commissions.
Damages: $1,428,201.
Allegations Against Peter Barry
- Suitability and Risk Allegations: The customer claims that Barry invested their assets in a high-risk portfolio not suitable for their financial profile, encompassing alternative investments and securities with a high volatility profile.
- Investment Concentration: Allegations state that investments were improperly concentrated, raising concerns over diversification strategies.
- Cash and Fee Management Issues: The dispute mentions poor cash management and charges of excessive fees and commissions, which the claimant contends affected their portfolio’s performance.
- Credit Line Recommendation: The complaint also points to an allegedly inappropriate recommendation for a securities-backed line of credit, adding a further element of risk to the claimant’s financial strategy.
Peter Barry Red Flags & Your Rights As An Investor
Of course, Peter Barry 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 Peter Barry at Raymond James & Associates, Inc. on alert to review carefully the activity and performance of their accounts and question whether Peter Barry has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at Raymond James & Associates, Inc. also raises questions about the brokerage firm’s 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 Raymond James & Associates, Inc. Due To Peter Barry
If you have questions about Raymond James & Associates, Inc. and/or Peter Barry 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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