The securities and investment fraud law firm Fitapelli Kurta is interested in hearing from investors who have complaints regarding California-based Morgan Stanley broker/adviser Barry Garapedian (CRD# 1039257).
Barry Garapedian has spent 33 years in the securities industry and has been registered with Morgan Stanley in Westlake Village, California since 2009. Previous registrations include Citigroup Global Markets in Glendale, California (1993-2009); Lehman Brothers in New York, New York (1988-1993); and EF Hutton & Company (1982-1988). He is a registered broker and investment adviser in 29 US states and territories.
According to his BrokerCheck report, Barry Garapedian is the subject of seven customer complaints and three denied customer complaints.
In 2008 a customer alleged Barry Garapedian, while employed at Citigroup Global Markets, failed to follow instructions in connection to an auction rate security. The complaint settled for $1,500,000.
In 2008 a customer alleged Garapedian, while employed at Citigroup Global Markets, misrepresented material facts and recommended an unsuitable auction rate security. The complaint settled for $125,000.
In 2003 a customer alleged Barry Garapedian, while employed at Salomon Smith Barney, breached his fiduciary duty, breached contract, acted negligently, failed to supervise, and committed fraud. The complaint settled in 2004 fro $24,000.
In 2002 a customer alleged Garapedian, while employed at Salomon Smith Barney, made unsuitable investment recommendations, over-concentrated the account in technology stocks using margin, acted negligently, and failed to disclose risks. The complaint settled in 2003 for $100,000.
In 1992 a customer alleged Barry Garapedian caused approximately $30,000 in losses by trading mutual funds. The complaint settled for $12,000.
In 1995 a customer alleged Garapedian, while employed at Smith Barney, misrepresented material facts, failed to supervise, breached his fiduciary duty, acted negligently, and made unsuitable investment recommendations. The complaint resulted in an award to the customer of more than $17,000.
If you or someone you know has lost money investing with Barry Garapedian, call the securities and investment fraud law firm Fitapelli Kurta at 877-238-4175 for a free consultation. You may be eligible to recoup your losses. Fitapelli Kurta accepts all cases on a contingency basis: Fitapelli Kurta only receives payment 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.