Hugh Ordway Barndollar (also known as Hobby Barndollar) of Land O’Lakes, Florida, a stockbroker formerly registered with Crown Capital Securities, is referenced in a customer initiated investment related FINRA securities arbitration claim which was resolved for $36,000.00 in damages because Barndollar allegedly misrepresented and omitted information in connection with the sale of non-traded real estate investment trusts while he was registered with Crown Capital Securities. Financial Industry Regulatory Authority (FINRA) Arbitration No. 20-02107 (May 20, 2022). The claim also alleges negligence and the failure to conduct due diligence concerning non-traded REIT transactions.
FINRA Public Disclosure shows that Barndollar has been identified in nine more customer initiated investment related disputes concerning his activities during the period that he was registered with Crown Capital Securities LP. Barndollar is identified in a FINRA securities arbitration claim in which the customer requested compensatory damages based upon allegations that Barndollar made misrepresentations and omissions of material fact regarding non-traded REITs, oil and gas securities, direct participation program interests, limited partnership interests, and variable annuities. FINRA Arbitration No. 20-02551 (August 11, 2020). The claim alleges negligence and unsuitable recommendations relating to alternative investments.
Barndollar is also the subject of a Crown Capital Securities customer’s complaint, which was settled for $160,000.00 on March 19, 2021, because Barndollar allegedly made unsuitable sales of alternative investments, including non-traded BDCs, non-traded REITs, DPP interests, and LP interests. The complaint alleges that the investments performed poorly.
On June 16, 2021, another customer initiated investment related FINRA securities arbitration claim involving Barndollar’s conduct was resolved for $45,000.00 in damages for alleged breach of fiduciary duty, unsuitable recommendations, and failure to perform due diligence in connection with alternative investment sales through Barndollar and Crown Capital Securities. FINRA Arbitration No. 20-01711.
On September 2, 2021, a different FINRA securities arbitration claim regarding Barndollar’s activities at Crown Capital Securities was settled for $37,500.00 in damages based upon accusations that Barndollar breached a contract and provided unsuitable investment advice to the customer in April of 2018. FINRA Arbitration No. 20-00201.
Barndollar is also referenced in a FINRA securities arbitration claim which was resolved for $25,000.00 in damages because Barndollar allegedly omitted and misrepresented facts and had recommended unsuitable alternative investments, including non-traded REITs, when Barndollar was registered with Crown Capital Securities. FINRA Arbitration No. 20-02683 (September 3, 2021).
Barndollar is identified in another FINRA securities arbitration claim which was settled for $35,000.00 in damages based upon allegations that Barndollar made unsuitable recommendations in connection with the sale of non-traded business development company and non-traded real estate investment trust products. FINRA Arbitration No. No. 21-00838 (December 14, 2021). The claim alleges that Barndollar failed to perform due diligence on alternative investments he sold to the customer.
Barndollar was associated with Crown Capital Securities between March 19, 2013, and December 31, 2021.
