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.