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Summit Broker, Edward Barfield: Sanctioned

shutterstock_112959457The securities and investment fraud law firm Fitapelli Kurta is interested in speaking to investors who have complaints regarding Missouri-based Summit broker/adviser Edward Barfield (CRD# 4257082).

Edward Barfield has spent fifteen years in the securities industry and has been registered with Summit Brokerage Services in Chesterfield, Missouri since 2010. Previous registrations include OneAmerica Securities in St. Louis, Missouri (2003-2010); Park Avenue Securities in New York, New York (2001-2003); and Fort Washington Brokerage Services in Cincinnati, Ohio (2000-2001). Mr. Barfield is a registered broker and investment adviser in eight US states.

According to his BrokerCheck report, Edward Barfield is the subject one regulatory sanction, three customer complaints, and two customer complaints that were closed or denied.

In 2015 the State of Missouri sanctioned Edward Barfield following allegations he made unsuitable investment recommendations. He was ordered to pay restitution of $4,000.

In 2011 a customer alleged Edward Barfield, while employed at OneAmerica Securities, misled them into the purchase of life insurance with 401K monies. The customer sought $12,000 in damages in the complaint, which was closed with no action taken.

In 2010 a customer alleged Edward Barfield, while employed at OneAmerica Securities, recommended an inappropriate investment strategy. The complaint settled for more than $12,400.

In 2010 a customer alleged Edward Barfield, while employed at OneAmerica Securities, sold an unsuitable variable annuity. The complaint settled for $55,000.

In 2010 a customer alleged Edward Barfield, while employed at Park Avenue Securities, breached his fiduciary duty and acted negligently. The customer sought $100,000 in damages in the complaint, which was denied.

In 2009 a customer alleged Edward Barfield, while employed at OneAmerica Securities, recommended unsuitable investments. The complaint settled in 2010 for $32,000.

If you or someone you know has a complaint regarding Edward Barfield, call the securities and investment fraud law firm Fitapelli Kurta at 877-238-4175 for a free consultation. You may be able to recover lost funds. Fitapelli Kurta accepts all cases on contingency: we only get paid if and when you collect money. Time to file your claim may be limited, so we encourage you to avoid delay. Call 877-238-4175 now to speak to an attorney for free.