Alonzo Barnett Jr, of Greensboro, North Carolina, a stockbroker formerly registered with Ameritas Investment Corp., has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity by failing to provide FINRA with information about his business activities when requested. Case No. 2017053125201 (June 12, 2017).
FINRA Public Disclosure reveals that Barnett has been identified in two customer initiated investment related disputes containing allegations of his misconduct while employed with Institutional Capital Management and Ameritas Investment Corp. Particularly, on March 15, 2016, a customer filed an investment related written complaint involving Barnett’s conduct, where the customer sought $50,000.00 in damages based upon accusations that Barnett misled the customer concerning an asset-backed debt product, and effected an investment transaction that was not suitable for the customer. FINRA Arbitration No. 15-02862 (Mar. 15, 2016).
Subsequently, a customer filed an investment related civil action involving Barnett’s conduct, in which the customer requested $1,750,000.00 in damages supported by accusations of violations of the North Carolina Investment Advisors Act, constructive fraud, breach of fiduciary duty, and conversion of the customer’s funds relating to private securities transactions.
Barnett’s registration with Ameritas Investment Corp. ended on December 31, 2016.
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