Edward Louis Barger, of Miami Florida, a stockbroker formerly registered with Morgan Stanley Smith Barney, has been named in a customer initiated investment related arbitration claim on April 4, 2016, which was based upon allegations that between August of 2011 and December of 2015, Barger effected unsuitable closed-end funds and equity transactions in the customer’s account.
Financial Industry Regulatory Authority (FINRA) Public Disclosure reveals that Barger has been identified in three additional customer initiated investment related disputes containing allegations of his misconduct while employed with Morgan Stanley. Particularly, on February 19, 2010, a customer filed an investment related written complaint involving Barger’s conduct based upon allegations that Barger made misrepresentations to the customer regarding the premiums pertaining to a variable life insurance policy.
Subsequently, on November 10, 2014, a customer filed an investment related written complaint pertaining to Barger’s activities, which was based upon allegations that Barger made misrepresentations to the customer regarding unit investment trusts and equities. On June 27, 2016, a customer initiated investment related arbitration claim regarding Barger’s activities was resolved for $70,000.00 in damages based upon allegations that from 2011 to 2014, Barger made unsuitable investment recommendations to the customer regarding over-the-counter equities.
FINRA Public Disclosure reveals that Barger has additionally been subject of three regulatory actions concerning misconduct. In one case, he was fined $5,000.00 and his securities registration was revoked by the Commodity Futures Trade Commission pursuant to a Decision containing findings that Barger, while employed with First International Trading Company, partook in the fraudulent sales of futures contracts. Docket No. 86-16.
Guiliano Law Group
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