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Securities America broker/adviser Barry Armstrong: Complaints

In July 2015 Barry Armstrong was named the respondent in an investigation by the State of Massachusetts into allegations that he engaged in a “dishonest and misleading” advertising campaign. The investigation remains pending.

The securities and investment fraud law firm Fitapelli Kurta is interested in hearing from investors who have complaints regarding New England-based Securities America broker/adviser Barry Armstrong (CRD# 1305112).

Barry Armstrong has spent thirty years in the securities industry and has been registered with Securities America in Needham, Massachusetts and Lebanon, New Hampshire since 2007. Previous registrations include Woodbury Financial Services in Needham, Massachusetts (2004-2007); 1717 Capital Management in Newark, Delaware (1986-2003); and New York Life Securities (1984-1986). Mr. Armstrong is a broker and investment adviser registered with 25 US states and territories.

According to his FINRA BrokerCheck report, Barry Armstrong is the subject of two customer complaints, one pending regulatory complaint, and has been discharged from 1717 Capital Management.

In 2009 a customer alleged Barry Armstrong, while employed at Securities America, misrepresented material facts related to an investment. The complaint settled in 2012 for more than $12,000.

In 2003 Barry Armstrong was terminated from his position at 1717 Capital Management following allegations he violated company policy and failed to supervise a representative.

In 1998 a customer alleged Barry Armstong, while employed at 1717 Capital Management, recommended unsuitable investments and misrepresented material facts related to the sale of a fixed life insurance policy. The complaint settled in 2000 for $250,000.

If you have lost money investing with Barry Armstong, you may be entitled 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 contingency: we only get paid if and when you collect money. Time to file your claim may be limited, so we suggest you avoid delay. Call 877-238-4175 now to speak to an attorney for free.