James Walter Barrett of Red Bank New Jersey a broker currently registered with Lincoln Financial Advisors Corporation is referenced in a customer initiated investment related arbitration claim which was resolved for $325,000.00 in damages founded on accusations that while Barrett was associated with the firm: (1) the costs and fees of investments purchased by the customer had been misrepresented and (2) inappropriate investment recommendations were made to the customer concerning oil and gas investments. Financial Industry Regulatory Authority (FINRA) Arbitration No. 16-01200 (July 6, 2017).
FINRA Public Disclosure additionally confirms that a customer initiated investment related civil action brought in the Superior Court of New Jersey which involved Barrett’s conduct was settled for a total of $50,000.00 in damages based upon allegations that while Barrett was associated with Cigna Financial Advisors, false or misleading statements had been made to the customers in regard to the insurance products they purchased; and the customers had been defrauded. Civil Action Nos. L-851-99 and L-1059-99 (Sept. 21, 2005).
Barrett has been employed by Lincoln Financial Advisors Corporation since June 1, 1998.
