Brenda Louise Labar, of Redlands, California, a stockbroker formerly registered with MSI Financial Services, is identified in a customer initiated investment related written complaint which was settled on May 12, 2020, to resolve accusations of Labar’s misrepresentations to the customer relating to a variable annuity sale when Labar was employed by MSI Financial Services.
Financial Industry Regulatory Authority (FINRA) Public Disclosure shows that Labar has been identified in three more customer initiated investment related disputes containing allegations of her activities while employed by Citigroup Global Markets Inc. Labar is the subject of a customer initiated investment related written complaint in which the customer requested compensatory damages based upon accusations that Labar misrepresented the risks of mutual fund investments. The complaint alleges that Labar failed to follow the customer’s instructions relating to their risk tolerance.
Another customer filed an investment related complaint regarding Labar’s conduct where they sought compensatory damages founded on allegations of Labar’s failure to follow the customer’s instructions concerning mutual fund transactions effected in their Citigroup Global Markets account. According to the complaint, Labar also misrepresented the risks to the customer’s principal.
Labar is additionally referenced in a customer initiated investment related FINRA securities arbitration claim which was resolved for $11,000.00 in damages supported by accusations of breach of fiduciary duty and misrepresentation by Labar regarding mutual fund trading at Citigroup Global Markets. The claim also alleges fraud relating to the creation of the customer’s accounts.
Labar’s stockbroker and investment adviser representative registrations at MSI Financial Services were terminated on March 25, 2017. Between then and July 14, 2020, she was registered with MML Investors Services LLC. Since July 21, 2020, Labar has been associated with Pruco Securities as a stockbroker and Prudential Financial Planning Services as an investment adviser representative.
