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Broker Gregory Barr: Received a Regulatory Sanction

Gregory BarrPublicly available records provided by the Financial Industry Regulatory Authority (FINRA) on December 1, 2016 indicate that former Florida-based Raymond James & Associates broker/adviser Gregory Barr is currently not affiliated with any broker-dealer firm. The securities and investment fraud law firm Fitapelli Kurta is interested in speaking to investors who have complaints regarding Mr. Barr (CRD# 1312703).

Gregory Barr has spent 31 years in the securities industry and was most recently registered with Raymond James & Associates in Boca Raton, Florida (2014-2016). Previous registrations include Deutsche Bank Securities in Palm Beach, Florida; Morgan Stanley Smith Barney in Boca Raton, Florida; Citigroup Global Markets in Boca Raton, Florida; Drexel Burnham Lambert; and Smith Barney Harris Upham. He is currently not registered with any state or firm.

According to his BrokerCheck report, Gregory Barr has received four customer complaints, two pending customer complaints, and one regulatory sanction.

In October 2016 a customer alleged Gregory Barr, while employed at Deutsche Bank and Raymond James & Associates, breached contract, made unsuitable recommendations, committed fraud, and breached his fiduciary duty. The customer is seeking $100,000 in damages in the pending complaint.

In June 2016 a customer alleged Gregory Barr, while employed at Deutsche Bank, breached contract, acted negligently, breached his fiduciary duty, acted negligently, and violated FINRA rules. The customer is seeking $100,000 to $500,000 in damages in the pending complaint.

In June 2016 FINRA sanctioned Gregory Barr following allegations he “exercised discretion in customers’ accounts by entering transactions without obtaining prior written authorization from the customers and without having the accounts accepted as discretionary accounts by his member firm.” He was issued a 10-day suspension and a fine of $5,000.

In 2014 he was terminated from his position at Deutsche Bank following allegations he exercised discretion in non-discretionary accounts.

In 2009 a customer alleged he, while employed at Citi Smith Barney, breached his fiduciary duty, acted negligently, breached contract and recommended unsuitable securities. The complaint settled in 2010 for $24,000.

If you have lost money investing with Gregory Barr, 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 a contingency basis, which means we only get paid 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.