Scott Michael Barber of Dubois Pennsylvania a former stockbroker and investment adviser representative of Cetera Advisor Networks LLC is the subject of a customer initiated investment related written complaint on October 30, 2020 in which the customer requested $130,000.00 in damages supported by allegations that real estate security transactions executed in the customer’s Cetera Advisor Network account had failed to be suitable and caused unwarranted losses.
Financial Industry Regulatory Authority (FINRA) Public Disclosure reveals that Barber has been identified in two additional customer initiated investment related disputes regarding accusations of his misconduct while employed by Cetera Advisor Networks and Investacorp. Barber is referenced in a customer initiated investment related written complaint which was resolved for $9,000.00 on April 5, 2019 based upon allegations that misrepresentations had been made to the customer in regard to a variable annuity that had been sold to the customer during the period that Barber was associated with Cetera Advisor Networks.
On October 14, 2020, another customer filed an investment related complaint regarding Barber’s conduct where the customer requested more than $5,000.00 in damages founded on accusations that Barber placed the Cetera Advisor Network customer in inappropriate real estate securities and alternative investments including direct participation programs or limited partnership interests.
Since July 17, 2020, Barber has been registered with Securities America Inc. as a stockbroker and has been registered with Securities America Advisors Inc. as an investment adviser representative.
