Securities Lawyers Blog
According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker David Barnes (Barnes), currently associated with UBS Financial Services INC., has at least one disclosable event. These events include one customer complaint, alleging that Barnes recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.
FINRA BrokerCheck shows a award / judgment customer complaint with a damage request of $3,400,000.00 on August 09, 2022.
Barnes was a subject of the customer’s complaint against his member firm that asserted the following causes of action: breach of fiduciary duty, negligence, negligent supervision, breach of account agreements, and violations of the FINRA Code of Conduct, directly and indirectly in breach of contracts to follow the FINRA Code of Conduct.