When you invest your hard earned money with a broker it’s important to know as much as you can about the individual with whom you trust your finances. There are a variety of resources where you can discover information about your broker’s background, including, past employment history, regulatory disciplinary proceedings, and customer complaints.
This information could be vital towards answering any questions you may have about Barry Lemay and any investment losses you may have suffered. We will do our best to answer these questions.
DID BARRY WILLIAM LEMAY CAUSE YOU INVESTMENT LOSSES?
Barry Lemay Of Concorde Investment Services, LLC Has 13 Customer Complaints For Alleged Broker Misconduct
Who is Barry Lemay of Concorde Investment Services, LLC?
Barry Lemay (CRD #306332) who is currently registered with Concorde Investment Services, LLC and located in San Jose, California is a subject of one of our many securities industry sales practice abuse investigations.
Barry Lemay Customer Complaints
Barry Lemay has been the subject of 13 customer complaints that we know about, 3 of those complaints were filed in the last year to recover investment losses. Six of Barry Lemay’s 13 customer complaints were settled in favor of investors. Five of Barry Lemay’s customer complaints were denied and, to date, the customers have not taken any further action. There are currently 2 pending customer complaints filed against Barry Lemay’s current employer Concorde Investment Services, LLC for investment losses caused by the alleged misconduct.
Allegations Against Barry Lemay
A sample of the allegations made in the FINRA reported arbitration claim settlements and/or pending complaints for investment losses are as follows:
- Failure to file client’s instructions with respect to an Apple stock investment.
- Negligence, breach of fiduciary duty, an unsuitable investment recommendation involving and Tenant in Common investment.
- Unsuitable investment recommendations and breach of fiduciary duty and violation of California securities act involving Limited partnership interest, oil and gas investments, and real estate securities.
- Unauthorized purchases in clients accounts.
- Breach of fiduciary duty, negligence, and misrepresentation related to promissory note investment.
Barry Lemay Red Flags & Your Rights As An Investor
Of course, Barry Lemay 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 Barry Lemay at Concorde Investment Services, LLC on alert to review carefully the activity and performance of their accounts and question whether Barry Lemay has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at Concorde Investment Services, LLC 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.
File A Claim To Recover Your Investment Losses At Concorde Investment Services, LLC Due To Barry Lemay
If you have questions about Concorde Investment Services, LLC and/or Barry Lemay 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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