Last Updated: December 2023 (Miami, Florida)
Barry Schwartz Investigation Summary
Here’s what you need to know about Miami, FL, stockbroker Barry Schwartz:
- Name: Mr. Barry Allen Schwartz
- Current Employer: UBS Financial Services
- Previous Firms: Sanford C. Bernstein & Co.
- Function: Stock Broker/ Financial Advisor
- Aliases: Barry Schwartz
- Primary Location: Miami, FL
- CRD 1022377
- Can Barry Schwartz be sued in FINRA arbitration: Yes
- Sanctioned by Florida Securities Regulator: Yes
- Highest Settlement or Award: $14,000
- Pending Customer Dispute Seeks Damages of $1,000,000
Discuss your case with experienced investment fraud lawyer Bob Rex at (877) 224-3199 for a free consultation.
Did You Lose Money With Barry Schwartz As Your Stockbroker?
In 2013 the Florida Office of Financial Regulation found that Barry Schwartz engaged in the investment advisory business in Florida without being registered pursuant to Section 517.12(4), Florida Statutes. He was assessed an administrative fine of $22,500 and ordered to cease and desist.
In 12/2023 a customer of UBS Financial filed a FINRA arbitration alleging that Barry Schwartz overconcentrated their account and made unsuitable recommendations resulting in principal losses. Damages of $1 million are sought in this currently pending matter.
Firms Have a Duty to Supervise their Financial Advisors (FINRA Rules 3110 & 2090)
Brokers and their firms have a duty to comply with the FINRA suitability rule which requires that they have a reasonable basis to believe that a recommendation is suitable for the customer. FINRA Rule 2111- suitability
Allegations of Broker Misconduct Against Barry Schwartz
Customers of Barry Schwartz have alleged the following wrongdoing in connection with the handling of customer accounts:
- Unsuitable Investment Recommendations
- Overconcentration
The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.
Recover Your Investment Losses Now With Rex Securities Law
If you have suffered investment losses in an account handled by Barry Schwartz, contact us for a complimentary consultation with an experienced securities lawyer to learn how you may be able to recover damages through FINRA arbitration.
With offices in Boca Raton, FL and Austin, TX, stockbroker fraud attorney Bob Rex provides representation to investors nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers, financial advisors and broker dealers.
If you have questions about how your account has been handled, call (877) 224-3199 to speak with an experienced securities attorney at no cost to you.
Most cases are handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.
