John Joseph Labarca of Edison New Jersey a stockbroker formerly registered with National Securities Corporation is the subject of a customer initiated investment related arbitration claim in which the customer requested $80,000.00 in damages supported by allegations that (1) misrepresentations had been made about investments (2) the customer’s account was handled in a negligent manner and (3) unsuitable over-the-counter equities transactions had been effected by the stockbroker during the period in which he was associated with National Securities Corp. Financial Industry Regulatory Authority (FINRA) No. 19-01533 (May 31, 2019).

FINRA Public Disclosure reveals that Labarca has been identified in three more customer initiated investment related disputes pertaining to accusations of his misconduct during the time that he was employed by National Securities Corp and Ryan Beck & Co. Specifically, a customer filed an investment related complaint concerning Labarca’s conduct where the customer sought $50,000.00 in damages founded on allegations that purchases of corporate debt investments were executed without the customer’s knowledge or consent when the stockbroker was associated with Ryan Beck Co. Another customer initiated investment related complaint involving Labarca’s activities was settled for $28,750.00 in damages based upon accusations that during the period in which Labarca was employed by National Securities Corporation, over-the-counter equities trades placed in the customer’s account were unsuitable and inappropriate for the customer.

Also, Labarca is referenced in a customer initiated investment related arbitration claim in which the customer was awarded $345,143.00 in damages based on Labarca being found liable on the customer’s claims including unjust enrichment; breach of fiduciary duty; breach of contract; failure to supervise; negligence; violation of Tex. Bus. And Comm. Code Section 27.01; churning; unauthorized trading; fraud; and violation of Securities Exchange Act of 1934 Section 10(b), SEC Rule 10b-5 and Texas Securities Act Art. 581-33 in reference to Labarca’s trading of investments including Monster Beverage, Cree Corp and SalesForce.com. FINRA Arbitration No. 15-00737 (Jul. 25, 2016).

FINRA Public Disclosure additionally confirms that Labarca has been barred from associating with any FINRA member in any capacity founded on findings that he failed to cooperate with the regulator during an investigation into a customer initiated investment related complaint alleging his misconduct. Letter of Acceptance Waiver and Consent No. 2015045012301 (Feb. 16, 2016). According to the AWC, Labarca was instructed by FINRA to furnish information and documentation to the regulator in regard to the customer complaint. Labarca’s counsel confirmed with FINRA that Labarca would not comply with its investigative requests. FINRA determined Labarca’s failure to cooperate as being violative of FINRA Rules 2010 and 8210.

The information contained herein has been obtained from reliable sources however may not be accurate and is not guaranteed by us. Readers are encouraged to undertake their own independent investigation and evaluation of the relevant facts. All claims and allegations are subject to adjudication, decisions may be subject to appeal, and no inference is intended, nor should any inference be made from any information contained herein from any source.

Questions or comments regarding the source or accuracy of any information, including any subsequent developments, should be directed to:  [email protected]

This posting and the information on our website is for general information purposes only. This content should be not considered legal advice, and any responses, comments, e-mails, other communications do not form any attorney client relationship. Attorney Advertisement. See Important Disclaimer.

Guiliano Law Group, P.C.

Our practice is limited to the representation of investors. Over the last three decades, we have recovered more than a hundred million dollars for more than 1,000 injured investors from all over the United States and several foreign countries. We accept representation purely on a contingent fee basis, meaning there is no cost to you unless we make a recovery for you. There is never any charge for a confidential consultation or an evaluation of your claim. For more information, contact us at (877) SEC-ATTY.

For more information concerning common claims against stockbrokers and investment professionals, please visit us at securitiesarbitrations.com

To learn more about FINRA Securities Arbitration, and the legal process, please visit us at securitiesarbitrations.com

Stockbroker Fraud. Securities Arbitration and Investment Fraud Lawyers.  
National Practice. Contingent Fee. Confidential Free Consultation.

 (877) SEC-ATTY

1700 Market Street, Suite 1005
Philadelphia, PA 19103
Direct: (215) 413-8223
Toll Free: (877) 732-2889

1260 South Soto Street, Suite 7
Los Angeles, California 90023
Direct: (213) 255-3475
Toll Free: (877) 732-2889

2750 NE 185th Street, Suite 302
Aventura, Florida 33180-2877
Direct: (786) 490-2413
Toll Free: (877) 732-2889

See Important Disclaimer

Tags: ,

No comments yet.

Leave a Reply

Name (required)

Email (will not be published) (required)