Public records provided by the Financial Industry Regulatory Authority (FINRA) on January 16, 2017 indicate that former Florida-based Morgan Stanley broker/adviser Edward Barger has received resolved or pending customer complaints as well as regulatory sanctions. Fitapelli Kurta is interested in hearing from investors who have complaints regarding Mr. Barger (CRD# 1360282).
Edward Barger has spent 28 years in the securities industry and was most recently registered with Morgan Stanley in Miami, Florida (2009-2016). Previous registrations include Morgan Stanley & Company in Coral Gables, Florida; Citigroup Global Markets in Coral Gables, Florida; Lehman Brothers in New York, New York; Robert Thomas Securities in St. Petersburg, Florida; Municicorp of California; Smith Barney Harris Upham & Company; and BOCL Securities. He is currently not registered with any state or firm.
According to his BrokerCheck report, Edward Barger has received one customer complaint, one pending customer complaint, and three regulatory sanctions.
In March 2016 a customer alleged Edward Barger, while employed at Morgan Stanley, recommended unsuitable investments. The customer is seeking unspecified damages in the pending complaint.
In May 2015 a customer alleged Edward Barger, while employed at Morgan Stanley, made unsuitable investment recommendations. The complaint settled for $70,000.
According to FINRA rules and federal securities law, investment professionals like Edward Barger must abide by a standard called suitability, meaning they must recommend only investments that are suitable for their clients. Brokers must weigh such factors as the customer’s investment goals, experience, age, income, risk tolerance, and others. They may not misrepresent or omit material facts pertaining to an investment, as misrepresentations or omissions might lead a customer to invest unsuitably. Brokers who fail to recommend suitable investments may be subject to disciplinary action by FINRA or the Securities and Exchange Commission.
If you have lost money investing with Han Flanagan, you may be able to recover your losses. Call 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.