DID BARBARA JEAN BOROWSKY CAUSE YOU INVESTMENT LOSSES?
Barbara Borowsky Of Dempsey Lord Smith, LLC Has 4 Customer Complaints For Alleged Broker Misconduct
About Barbara Borowsky of Dempsey Lord Smith, LLC?
Barbara Borowsky (CRD #2570936) , located in Rome, Georgia, is currently employed by Dempsey Lord Smith, LLC as a registered broker since October 15, 2016 and as an investment adviser since September 18, 2017. She holds licenses in 20 U.S. states and territories and is registered with FINRA. Over her career, Ms. Borowsky has worked for several firms, including SunTrust Investment Services, Inc., J.P. Turner & Company, LLC, and Coastal Equities, Inc. Ms. Borowsky has passed five industry exams, including the Series 7, Series 26, and Series 63 and 65 multi-state law exams. Her career includes experience in direct investment products and retirement planning.
Investment Losses? Let’s talk.or, give us a ring at (800) 732-2889.
Barbara Borowsky Customer Complaints and Reviews
Ms. Borowsky has four customer disputes disclosed in her report, summarized below:
- Dispute Filed February 17, 2009.
- Firm: SunTrust Investment Services, Inc.
- Complaint: Misrepresentation of interest rates on SunTrust Index-Linked Certificate of Deposit (SILC).
- Outcome: Settled for $7,747. No financial contribution from Ms. Borowsky.
- Dispute Filed July 15, 2009.
- Firm: SunTrust Investment Services, Inc.
- Complaint: Unsuitable recommendation of a variable annuity, conflicting with the client’s primary objective of principal safety.
- Outcome: Denied by the firm; no settlement or damages awarded.
- Dispute Filed September 19, 2022.
- Firm: Dempsey, Lord, Smith, LLC
- Case #22-02137:
- Complaint: Unsuitable investment recommendations and misrepresentation regarding direct investment products (DPP & LP interests).
- Outcome: Settled on August 24, 2023, for $56,000. No financial contribution from Ms. Borowsky.
- Dispute Filed: October 19, 2023.
- Firm: Dempsey, Lord, Smith, LLC
- Case #23-03083
- Complaint: Failure to conduct reasonable due diligence and unsuitable recommendation of a high-risk investment (DPP & LP interests).
- Claimed Damages: $100,001, including punitive damages and associated costs.
- Status: Pending arbitration with FINRA.
Allegations Against Barbara Borowsky
The reported disputes raise several concerns potential investors may consider:
- Suitability and Due Diligence:
- Multiple disputes involve allegations of unsuitable investment recommendations, which underline the importance of understanding client objectives and investment risks.
- The pending complaint alleges failure to conduct due diligence, which highlights potential gaps in evaluating high-risk products.
- Misrepresentation:
- Complaints regarding the misrepresentation of interest rates and product features point to potential communication or documentation issues.
- In one settled case, the firm’s decision to repurchase investments reflects its commitment to client satisfaction, though it may indicate operational or oversight challenges.
Barbara Borowsky Red Flags & Your Rights As An Investor
Of course, Barbara Borowsky 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 Barbara Borowsky at Dempsey Lord Smith, LLC on alert to review carefully the activity and performance of their accounts and question whether Barbara Borowsky has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at Dempsey Lord Smith, LLC 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 Dempsey Lord Smith, LLC Due To Barbara Borowsky
If you have questions about Dempsey Lord Smith, LLC and/or Barbara Borowsky 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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