a magnifying glass over money

Barry Michael Kiront of Garden City New York a stockbroker formerly registered with Woodstock Financial Group Inc. is referenced in a customer initiated investment related arbitration claim in which the customer requested $699,000.00 in damages supported by allegations that (1) the customer’s investment transactions were executed in a negligent fashion (2) the customer’s contract with the securities broker dealer had been breached (3) over-the-counter equities trades placed in the customer’s account were excessive and in no way appropriate for the customer (4) fiduciary obligations to the customer were violated (5) the customer’s investment account had been churned (6) unauthorized trades were placed in the customer’s account and (7) the customer was deceived and defrauded resulting in the customer incurring investment losses. Financial Industry Regulatory Authority (FINRA) Arbitration No. 18-02750 (Aug. 13, 2018).

FINRA Public Disclosure confirms that Kiront is referenced in thirteen additional customer initiated investment related disputes pertaining to accusations of his violative conduct while Kiront was associated with securities broker dealers including Woodstock Financial Group. Particularly, on March 30, 2015, a customer initiated investment related complaint involving Kiront’s conduct was settled for $30,000.00 in damages founded on allegations including breach of fiduciary duty; abuse of commissions and markups charged to the customer; lack of supervision in the customer’s account; unauthorized exchange traded fund transactions; unsuitable over-the-counter equities trades; and churning of the customer’s investment portfolio.

Subsequently, two customer initiated investment related arbitration claims involving Kiront’s conduct were resolved for a total of $40,400.00 in damages based upon accusations that the customers’ equities transactions were executed without any reasonable supervision on Woodstock Financial Group’s part, causing the customers to incur unwarranted losses. FINRA Arbitration Nos. 16-00087; 16-01264 (Aug. 4, 2016).

Another customer initiated investment related arbitration claim concerning Kiront’s activities was settled for $49,500.00 in damages supported by allegations of the customer’s investment account having been mishandled by Kiront; trades being placed by Kiront in the customer’s account without the customer’s permission; inappropriate over-the-counter equities trades having been selected for the customer’s account; contract and fiduciary duties owed to the customer being violated; the customer’s equity portfolio being churned; and false or misleading statements having been made to the customer concerning over-the-counter equities products. FINRA Arbitration No. 15-00458 (July 6, 2017).

Kiront’s registration with Woodstock Financial Group Inc. ceased on March 31, 2015. Since March 23, 2015, Kiront has been employed by Craft Capital Management LLC. Since December 16, 1992, Kiront has been associated with at least four different securities broker dealers who are either defunct or who have been expelled by FINRA for violation of federal securities laws.

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Guiliano Law Group, P.C.

Our practice is limited to the representation of investors. Over the last three decades, we have recovered more than a hundred million dollars for more than 1,000 injured investors from all over the United States and several foreign countries. We accept representation purely on a contingent fee basis, meaning there is no cost to you unless we make a recovery for you. There is never any charge for a confidential consultation or an evaluation of your claim. For more information, contact us at (877) SEC-ATTY.

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