Publicly available records provided by the Financial Industry Regulatory Authority (FINRA) and accessed on February 22, 2018 indicate that Pennsylvania-based Raymond James & Associates broker/adviser Barry Richter has received several customer disputes. Fitapelli Kurta is interested in hearing from investors who have complaints regarding Mr. Richter (CRD# 1387197).
Barry Richter has spent 32 years in the securities industry and has been registered with Raymond James & Associates in Devon, Pennsylvania since 2008. Previous registrations include Morgan Stanley & Company in Wayne, Pennsylvania (2007-2008); Morgan Stanley DW in Wayne, Pennsylvania (2002-2007); UBS Painewebber in Weehawken, New Jersey (1987-2002); and Halpert Oberst & Company (1985-1987). He has passed two securities industry examinations: Series 63 (Uniform Securities Agent State Law Examination), which he obtained on August 2, 1985, and Series 7 (General Securities Representative Examination), which he obtained on July 20, 1985. He is a registered broker and investment adviser with 16 US states and territories: Connecticut, Delaware, Florida, Maryland, Michigan, Missouri, New Jersey, New York, North Carolina, Pennsylvania, Rhode Island, Tennessee, Virginia, Washington and West Virginia. He is registered with five self-regulatory organizations (SROs): FINRA, NYSE American LLC, Nasdaq PHLX LLC, the Nasdaq Stock Market, and the New York Stock Exchange.
According to his BrokerCheck report, he has received six customer complaints.
In January 2018 a customer alleged Barry Richter, while employed at Raymond James & Associates, unsuitably concentrated investments in their portfolio. The complaint settled for $30,000.
In 2000 a customer alleged Barry Richter, while employed at Painewebber, omitted material facts related to their CD investments. The complaint settled for more than $10,000.
In 2000 a customer alleged Barry Richter, while employed at Painewebber, told her she was investing in a certificate of deposit when the product was in fact a bond. The complaint settled for $5,000.
In 2000 a customer alleged he, while employed at Painewebber, misrepresented the terms of step-down certificates of deposit in his account. The complaint settled for $5,000.
In 1999 a customer alleged he, while employed at Painewebber, misrepresented material facts related to CD investments. The complaint settled for $7,500.
In 1994 a customer alleged he, while employed at Painewebber, misrepresented material facts, over-concentrated the account, and recommended unsuitable limited partnership investments. The complaint settled for $17,500.
If you have lost money investing with Barry Richter, call Fitapelli Kurta at 877-238-4175 without delay. You may be entitled to recoup your losses. We accept all cases on contingency: Fitapelli Kurta only gets paid if and when you collect money. Time to file your claim may be limited, so we recommend you avoid delay. Call 877-238-4175 now to speak to an attorney for free.