Gregory Barr – Financial Advisor Gregory Barr Discharged from Firm

Goodman & Nekvasil, P.A. May Recover Investor Losses | Gregory Barr – Financial Advisor Gregory Barr Discharged from Firm

Gregory Barr CRD #1312703

From 2014 until his firing in 2016, Gregory Barr worked for Raymond James & Associates, Inc. According to FINRA’s records, Gregory Barr was fired by Raymond James & Associates on June 30, 2016. Raymond James & Associates, Inc. reported to FINRA that Gregory Barr violated Gregory Barr’s heightened supervision plan by failing to keep contemporaneous notes. Gregory Barr previously worked for Deutsche Bank Securities, Inc. from 2012-2014 before being fired by Deutsche Bank Securities, Inc. on May 22, 2014. Deutsche Bank Securities, Inc. reported to FINRA that Gregory Barr admitted to exercising discretion in non-discretionary accounts.

Prior to Gregory Barr’s discharge from Raymond James & Associates, Inc. FINRA investigated Gregory Barr and brought a disciplinary action against Gregory Barr. Gregory Barr consented to a 10-day suspension and a $5,000 monetary fine. Gregory Barr also consented to findings that Gregory Barr exercised discretion in customers’ accounts by entering transactions without obtaining prior written authorization from the customers and without having the accounts accepted as discretionary accounts by Gregory Barr’s firm. The findings stated that Gregory Barr placed sell orders for different customers in the same stock. The customers had previously given Gregory Barr verbal authorization to sell their positions at his discretion in the event the stock decreased in price. However, Gregory Barr did not discuss the transactions with the customers on the day of executing the transactions in the customers’ accounts. Gregory Barr’s conversations with the customers had occurred approximately seven to 10 days earlier. Gregory Barr did not have written authority from the customers to exercise discretion in their accounts. In addition, Gregory Barr’s firm had not accepted the customers’ accounts as discretionary accounts, and only allowed time and price discretion within a single day, consistent with the applicable rule.

According to FINRA’s records, two arbitration claims have been filed involving Gregory Barr’s conduct while Gregory Barr was with Raymond James & Associates and/or Deutsche Bank Securities, Inc. These arbitration claims allege unsuitability, common law fraud, breach of contract, breach of fiduciary duty, negligence, gross negligence, and/or violations of FINRA Rule 2010 by Gregory Barr. These arbitration claims settled for $75,000 and $65,000. FINRA also reports four other settlements of complaints and/or arbitration claims involving Gregory Barr’s conduct.

FINRA also reports that two arbitration claims involving Gregory Barr’s conduct while Gregory Barr was with Raymond James & Associates and/or Deutsche Bank Securities, Inc. are currently pending. These claims allege unsuitability, negligence, breach of contract, breach of fiduciary duty, professional negligence, and/or violation of FINRA Rules by Gregory Barr.  

If you lost any money on investments with Gregory Barr, you may be able to recover your losses from Raymond James & Associates and/or Deutsche Bank Securities, Inc. This is because Raymond James & Associates and Deutsche Bank Securities, Inc. had a duty to supervise Gregory Barr.

Assuming you lost money on investments with Gregory Barr and believe that the investments may have been unsuitable or otherwise improper for you, we would like to discuss the possibility of your retaining our firm to represent you in an arbitration action against Raymond James & Associates and/or Deutsche Bank Securities, Inc. concerning Gregory Barr’s conduct. 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.

Our firm has a unique, unparalleled track record. Kalju Nekvasil, Esq., has not lost a securities arbitration case in more than 13 years. We would like to discuss the possibility of your retaining our firm to represent you in an arbitration action against Raymond James & Associates and/or Deutsche Bank Securities, Inc.

If you lost money on investments with Gregory Barr 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. 

Investment Fraud Attorney, Stockbroker Misconduct Disciplinary Actions, Unsuitable Investment Advice, Investment Fraud, Churning, Misrepresentation and Omission of Material Facts, Elder Fraud, Unauthorized Trading, Theft, Selling Away, Unapproved Outside Business, Nationwide, PIABA, SEC, Securities Exchange Commission, NASD, National Association of Securities Dealers, NASDAQ, Dow Jones, Wall Street, New York Stock Exchange

 

Keywords: Gregory Edward Barr, Greg Barr, Gregory Barr, Barr, Raymond James, Deutsche Bank, Investment, Securities Attorney, Attorney, Securities, Investors, Goodman and Nekvasil, FINRA, SEC

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