Barry Graham Armstrong, of Needham, Massachusetts, a stockbroker currently registered with Securities America, Inc., is the subject of a customer initiated investment related written complaint on June 13, 2017, in which the customer requested $51,146.20 in damages based upon allegations that the customer’s accounts were poorly managed.
Financial Industry Regulatory Authority (FINRA) Public Disclosure reveals that Armstrong has been identified in three additional customer initiated investment related disputes containing allegations of his misconduct while employed with Securities America, Inc. and 1717 Capital Management. Specifically, on June 19, 2000, a customer initiated investment related civil action involving Armstrong’s conduct was settled for $250,000.00 in damages based upon allegations that he made misrepresentations and omissions to the customer, and also made unsuitable investment recommendations pertaining to a life insurance policy.
Thereafter, on January 18, 2012, a customer filed an investment related written complaint involving Armstrong’s conduct, where the customer sought $50,000.00 in damages supported by allegations that Armstrong made misrepresentations to the customer about direct investment products. Moreover, on December 10, 2012, a customer filed an investment related written complaint regarding Armstrong’s activities, in which the customer requested $15,000.00 in damages based upon allegations that Armstrong effected inappropriate equity transactions in the customer’s account, causing the customer to sustain investment losses.
Further, The Commonwealth of Massachusetts Securities Division initiated a regulatory action against Armstrong, seeking a censure and fine based upon allegations that Armstrong engaged in misleading and dishonest business activities; conduct which the Securities Division claimed to have violated Massachusetts Uniform Securities Act. Case No. 2015-0092 (July 8, 2015).
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