Mitchell Charles Barnes (also known as Mitch Barnes), of Louisville, Kentucky, a stockbroker registered with Northwestern Mutual Investment Services LLC, is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $87,374.00 in damages based upon allegations that Barnes engaged in unauthorized trading in a trust account without a trustee’s knowledge during the time that Barnes was associated with Northwestern Mutual Investment Services LLC. Financial Industry Regulatory Authority (FINRA) Arbitration No. 21-02359 (September 23, 2021).
This is not the first time that Barnes has been referenced in a customer initiated investment related dispute concerning Barnes’ conduct in the securities industry. FINRA Public Disclosure shows that Barnes is also referenced in a customer initiated investment related FINRA securities arbitration claim that was settled for $77,500.00 in damages based upon allegations that Barnes made omissions of material fact in connection with the sale of a profit sharing plan and trust when Barnes was associated with Northwestern Mutual Investment Services LLC. FINRA Arbitration No. 10-01832 (April 13, 2011).
On November 1, 2017, a customer initiated investment related civil action involving Barnes’ conduct was settled for $85,000.00 in damages based upon allegations that Barnes made unsuitable recommendations of a gift annuity agreement during the time that Barnes was associated with Northwestern Mutual Investment Services LLC. Civil Action No. 16-Cl-001716.
Barnes has been registered with Northwestern Mutual Investment Services LLC since September 18, 1987.
