The investment fraud lawyers at Meyer Wilson are currently investigating
allegations involving a former FSC Securities broker Barry Hartman.
Barry Hartman (CRD# 1361232), a former broker with FSC Securities in Missoula,
Montana, was recently terminated over for violating firm policies,
according to his FINRA report. FSC Securities alleged that Hartman had participated in an undisclosed
outside business activity and an undisclosed private securities transaction.
According to his FINRA report, Hartman has two prior customer disputes
regarding real estate investment trusts and variable life insurance. One
customer complaint is pending regarding a variable annuity policy. He
was also previously suspended and fined by the NASD (now FINRA) for allegedly
impersonating a manager in order to obtain information for a client.
Securities industry regulations prohibit brokers and investment advisors
from participating in outside business activities without first disclosing
and getting approval from their managing firm. In addition, brokers have
a regulatory duty to only recommend investments that are suitable for
their customers. When a broker sells investments that are not approved
by their firm, or when they sell
unsuitable investments, the brokerage firm may be held liable for any resulting losses.
Meyer Wilson is currently investigating the allegations against Barry Hartman.
Since 1999, our investment fraud attorneys have been helping investors
recover losses caused by investment fraud and misconduct. If Barry Hartman
was your broker, contact us today and we would be happy to
review your case for free.