Baris Cabalar, of Hauppauge, New York, a stockbroker formerly registered with Legend Securities, Inc., has been named in a customer initiated investment related arbitration claim on March 8, 2016, in which the customer requested $100,000.00 in damages based upon allegations that Cabalar violated the Arkansas Securities Act, churned the customer’s account, breached his contractual and fiduciary duties, effected unsuitable equity transactions in the customer’s account, and defrauded the customer.
Financial Industry Regulatory Authority (FINRA) Public Disclosure also reveals that on January 23, 2015, a customer initiated investment related arbitration claim involving Cabalar’s conduct was settled for $14,500.00 in damages based upon allegations that Cabalar made misrepresentations to the customer, breached his fiduciary and contractual obligations, effected transactions in the customer’s account which were not suitable, and churned the customer’s investment account.
Cabalar’s registration with Legend Securities, Inc. was terminated on December 1, 2015. Beginning on December 18, 2015, Cabalar has been registered with PHX Financial, Inc. Since November 8, 2007, Cabalar has been associated with four different broker dealers, one of which has been expelled by securities regulators for violation of federal securities laws or is otherwise defunct.
Guiliano Law Group
Our practice is limited to the representation of investors. We accept representation 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 consultation or an evaluation of your claim. For more information, contact us at (877) SEC-ATTY.
To learn more about FINRA Securities Arbitration, and the legal process, please visit us at securitiesarbitrations.com
