Published on:

Barbara Bottoms Has Received a Regulatory Sanction by FINRA

Barbara BottomsPublicly available records provided by the Financial Industry Regulatory Authority (FINRA) on October 14, 2016 indicate that former Alaska-based Wells Fargo Advisors broker Barbara Bottoms has been sanctioned by FINRA. The securities and investment fraud law firm Fitapelli Kurta is interested in hearing from investors who have complaints regarding Ms. Bottoms (CRD# 1344956).

Barbara Bottoms has spent 23 years in the securities industry and was most recently registered with Wells Fargo Advisors in Fairbanks, Alaska (2011-2015). Previous registrations include Morgan Stanley Smith Barney in Rancho Bernardo, California; Citigroup Global Markets in Rancho Bernardo, California; AG Edwards & Sons in St. Louis, Missouri; Painewebber in Weehawken, New Jersey; Cruttenden Roth in Newport Beach, California; Smith Barney in New York, New York; Lehman Brothers in New York, New York; Chatfield Dean & Company in Greenwood Village, Colorado; Lehman Brothers in New York, New York; and Boettcher & Company. She is currently not registered with any state or firm.

According to her BrokerCheck report, Barbara Bottoms has received one regulatory sanction.

In September 2016 FINRA sanctioned Barbara Bottoms following allegations she executed unauthorized trades in customer accounts. According to FINRA’s complaint: “…these customers had accounts that were invested in mutual funds based on an existing portfolio model at the Bottoms’ member firm. Bottoms, without the customers’ knowledge or consent, invested cash balances held in the customer accounts in accordance with each of the customer’s existing portfolio model. The findings also stated that Bottoms caused the firm to maintain inaccurate books and records by incorrectly designating each of the unauthorized transactions as unsolicited.” Ms. Bottoms also, allegedly, “took spreadsheets from the firm that contained non-public customer information and maintained them in an unsecured location at her home,” in violation of SEC regulations, and “failed to appeal for timely on-the-record testimony.” She was issued a two-year suspension and a fine of $17,500.

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