Customer Alert: FINRA Suspends Broker Barry Buchholz – May Recover Investor Losses
FINRA Suspends Broker Barry Buchholz
FINRA has suspended former LPL Financial broker Barry Luther Buchholz (CRD 1583582) after finding that he executed multiple unauthorized mutual fund trades in non-discretionary customer accounts. According to FINRA’s Letter of Acceptance, Waiver, and Consent (AWC), Buchholz placed 11 unauthorized trades totaling nearly $600,000, which generated over $16,000 in commissions.
FINRA required Buchholz to repay ill-gotten commissions, pay a monetary fine, and imposed a suspension for violating FINRA Rule 2010, which requires high standards of commercial honor and fair dealing. Buchholz accepted the sanctions without admitting or denying FINRA’s findings.
FINRA’s BrokerCheck report for Barry Buchholz also reflects a history of customer disputes, including allegations of variable annuity misrepresentation, unsuitable recommendations, and failure to disclose important features such as surrender charges and liquidity restrictions.
These events, combined with the recent unauthorized-trading suspension, raise significant concerns for former clients.
If you invested with Barry L. Buchholz—whether through LPL Financial or a prior firm—you may have claims to recover losses through FINRA arbitration.
Affected customers are encouraged to contact Goodman & Nekvasil, P.A. at 1-800-500-4442 for a free, confidential review of potential recovery options.
Call 800-500-4442 if you think that you have received unsuitable investment recommendations from your adviser.
Customer Alert: FINRA Suspends Broker Barry Buchholz – May Recover Investor Losses
Goodman & Nekvasil, P.A., is investigating brokers who may have unsuitably recommended investments to their clients.
St. Petersburg, Florida law firm Goodman & Nekvasil, P.A., has a national practice representing victimized investors. The firm continues to investigate brokerage firms that placed elderly retirees and other conservative investors in unsuitable investments.
Goodman & Nekvasil, P.A., has filed numerous cases against brokerage firms selling high-risk investments and has recovered more than $500 million dollars on behalf of victimized investors.
We allege in these cases that these investment recommendations were unsuitable for our clients in view of their financial situation, needs and investment objectives.
There is no charge for an evaluation of your case. We handle our cases on a contingency fee basis. This means that unless we recover money for you, we charge no attorney’s fee.
If you incurred losses on your investment and would like your case evaluated by a securities attorney, please contact us.
Some of the information in this blog post was obtained from FINRA on 11/21/25. If you believe this information was reported incorrectly, please contact our firm: 1-800-500-4442.