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Delbert Carnes Settled Overconcentration Claim

Delbert CarnesPublicly available records provided by the Financial Industry Regulatory Authority (FINRA) on June 2, 2016 indicate that Colorado-based Woodbury Financial Services broker Delbert Carnes has been the subject of customer complaints. The securities and investment fraud law firm Fitapelli Kurta is interested in speaking to investors who have complaints regarding Mr. Carnes (CRD# 4656189).

Delbert Carnes has spent 37 years in the securities industry and has been registered with Woodbury Financial Services in Colorado Springs, Colorado since 2009. Previous registrations include Sammons Securities Company in Colorado Springs, Colorado; Walnut Street Securities in El Segundo, California; Washington Square Securities in Des Moines, Iowa; Wealth Resource Capital Corporation in Newport Beach, California; Private Ledger Financial Services; and Capital Analysts. He is a registered broker with eight US states: Arizona, California, Colorado, Florida, Illinois, Oregon, Texas, and Virginia.

According to his BrokerCheck report, Delbert Carnes has received three customer complaints.

In 2014, a customer alleged Delbert Carnes, while employed at Sammons Securities Company, provided “inappropriate and misleading advice which resulted in an over-concentration in unsuitable illiquid investments.” The complaint settled in March 2016 for $45,000.

In 2012, a customer alleged Delbert Carnes, while employed at Sammons Securities Company, misrepresented and omitted material facts, acted negligently, breached his fiduciary duty, and failed to conduct due diligence. The complaint settled in 2014 for $84,000.

In 2012, a customer alleged Delbert Carnes, while employed at Sammons Securities Company, misrepresented and omitted material facts, acted negligently, and breached his fiduciary duty. The complaint settled in 2013 for $245,500.

If you have lost money investing with Delbert Carnes, you may be able to recover your losses. Call the securities and investment fraud law firm Fitapelli Kurta at 877-238-4175 for a free consultation. All cases are taken on a contingency basis: Fitapelli Kurta only gets paid if and when you collect funds.  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.