Barrington Asset Management Inc. Charged by SEC | Goodman & Nekvasil P.A. May Recover Investor Losses
The Securities and Exchange Commission today filed charges against Chicago, Illinois-based Barrington Asset Management, Inc. and its co-owner and chief operating officer, Gregory D. Paris, for perpetrating a multi-year cherry-picking scheme that defrauded Barrington clients.
The SEC’s complaint, filed in the United States District Court for the Northern District of Illinois, alleges that over a four-year period Paris reaped more than $630,000 in ill-gotten gains at his clients’ expense by cherry-picking trades. Paris allegedly traded securities in Barrington’s omnibus account and delayed allocating the securities to specific client accounts until he had observed the securities’ performance over the course of the trading day. As alleged, he then allocated profitable trades to his own account while allocating unprofitable trades to client accounts. The complaint also alleges that Barrington and Paris misrepresented to clients that all trades would be allocated fairly and that the firm reviewed all personal trading by its employees.
Investors in Barrington Asset Management Inc. May Recover their Losses with Goodman & Nekvasil, P.A.
If you invested in Barrington Asset Management, Inc., Goodman & Nekvasil, P.A. may help you. Goodman & Nekvasil, P.A., a St. Petersburg, FL law firm with a national practice representing victimized investors, has recovered more than $200 million dollars on behalf of victimized investors.
All our cases are handled on a purely contingency fee basis by Kalju Nekvasil, Esq., formerly regional counsel with the NASD, now known as FINRA. Kalju Nekvasil, Esq. has practiced in this area of the law for more than 35 years.
There is no charge for an evaluation of your case. Further, we handle our cases on a contingency fee basis. This means that unless we recover money for you, we charge no attorney’s fee. Unless you recover any money, you pay us nothing, not even the costs and expenses which the firm will advance on your behalf.
If you incurred investment losses with Barrington Asset Management, Inc. and would like your case evaluated by a securities attorney (again, there is no charge for an evaluation and all cases are handled on a purely contingency fee basis), please contact us.