Edward Louis Barger of Miami Florida a stockbroker formerly employed by Morgan Stanley is the subject of a customer initiated investment related arbitration claim which was settled for $92,500.00 in damages based upon accusations of the customer being sold bad over-the-counter equities, closed-end funds and common and preferred stocks. FINRA Arbitration No. 17-02301 (Oct. 23, 2018).
Financial Industry Regulatory Authority (FINRA) Public Disclosure confirms that Barger is referenced in eight more customer initiated investment related disputes containing allegations of his misconduct when he was employed by Morgan Stanley Smith Barney. Particularly, a customer filed an investment related complaint involving Barger’s conduct where the customer sought unspecified damages supported by accusations that false or misleading statements had been made concerning the customer’s insurance purchases.
Barger is also referenced in a customer initiated investment related arbitration claim which was resolved for $70,000.00 in damages based upon allegations that the customer was poorly advised in regards to the common and preferred stock and over-the-counter equities transactions executed in the customer’s account. FINRA Arbitration No. 15-01153 (June 27, 2016). Another customer initiated investment related complaint concerning Barger’s conduct was settled for $18,000.00 in damages on June 12, 2017 based upon accusations that unauthorized trades were effected in the customer’s account during the time that Barger was associated with Morgan Stanley Smith Barney.
On January 24, 2018, an additional customer initiated investment related complaint regarding Barger’s activities was resolved for $30,000.00 in damages supported by allegations of unsuitability as it concerned the customer’s equity holdings. Barger is also the subject of a customer initiated investment related arbitration claim which was settled for $135,000.00 in damages based upon accusations of inappropriate stock trading in the customer’s account between January of 2008 and May of 2017 which led the customer to incur unwarranted losses. FINRA Arbitration No. 17-00994 (Feb. 19, 2018).
Another customer initiated investment related arbitration claim concerning Barger’s conduct was resolved for $800,000.00 in damages based upon allegations of closed-end fund and equities trades executed in the customer’s account failing to align with the customer’s tolerance for risk, objectives for investing, or other investment related circumstances. FINRA Arbitration No. 16-00928 (Mar. 1, 2018). Barger is additionally the subject of a customer initiated investment related arbitration claim in which the customer requested unspecified damages supported by accusations that closed end funds, exchange traded funds and over-the-counter equities traded in the customer’s account from 2012 to 2016 failed to be suitable for the customer. FINRA Arbitration No. 18-01015 (Mar. 22, 2018).
Barger’s registration with Morgan Stanley was terminated on November 16, 2016.
