David Ray Barnes, of Dallas, Texas, a stockbroker registered with UBS Financial Services Inc., is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $3,400,000.00 in damages based upon allegations that Barnes made unsuitable investment recommendations of master limited partnerships, preferred stocks, and lines of credit during the period that Barnes was associated with UBS Financial Services Inc. Financial Industry Regulatory Authority (FINRA) Arbitration No. 22-01789 (August 10, 2022).
This is not the first time that Barnes has been referenced in a customer initiated investment related dispute concerning Barnes’ conduct in the securities industry. FINRA Public Disclosure shows that Barnes was also referenced in a FINRA securities arbitration claim that was settled for $98,000.00 in damages based upon allegations that Barnes made unsuitable recommendations of loans during the time that Barnes was associated with UBS Financial Services Inc. FINRA Arbitration No. 20-02473 (April 12, 2022).
David Ray Barnes has been associated with UBS Financial Services Inc. in Dallas, Texas, as a stockbroker and investment advisor representative since January 26, 2016.
