Last Updated: October 2023 (Newport Beach, CA)
David Barber Investigation Summary
Here’s what you need to know about Newport Beach, CA, stockbroker David Barber:
- Name: Mr. David Lloyd Barber
- Current Employer: dba The Barber Group, Barred from securities industry by FINRA
- Previous Firms: Madison Avenue Securities, First Midwest Securities
- Function: Former Stock Broker/ Financial Advisor
- Aliases: None
- Primary Location: Newport Beach, CA
- CRD 1165082
- Can David Barber’s former employer be sued in FINRA arbitration: Yes
- Sanctioned by FINRA: Yes
- Highest Settlement or Award: $1,762,875
Discuss your case with experienced investment fraud lawyer Bob Rex at (877) 224-3199 for a free consultation.
Did You Lose Money With David Barber As Your Stockbroker?
In January 2018 a FINRA arbitration panel in San Diego, CA, found David Barber individually liable to a customer of Madison Avenue Securities for $1,762,875 for damages, including punitive damages, for excessive trading, unauthorized trading and breach of fiduciary duty.
Four other customers of Madison Avenue Securities were paid a cumulative total of more than $1 million to resolve claims of churning, unauthorized trading and unsuitable recommendations.
In 3/2018, FINRA permanently barred Barber from the securities industry.
Allegations of Broker Misconduct Against David Barber
Customers of David Barber have alleged the following wrongdoing in connection with the handling of customer accounts:
- Unsuitable Investment Recommendations
- Churning
- Unauthorized Trading
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 David Barber, contact us for a complimentary consultation with an experience 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.
