Chad White Losses?

Barrett Company Clients Take Issue With Securities Broker Chad White

The Financial Industry Regulatory Authority (“FINRA”) indicates through BrokerCheck that investors challenged the sales practices of Barrett Company securities broker Charles Edward White II “Chad White” (CRD#: 1345688, Providence, Rhode Island). Namely, seven investors disputed White’s actions. Allegations include unsuitability and misrepresentation. And Massachusetts Securities Division is investigating his actions relating to a client’s accounts. Here’s more about the disputes, including how you might be able to recover losses from this broker.

Barrett Company Client Alleges Unsuitable High-Risk Securities By Chad White

Evidently, a client of Barrett Company disputed Chad White’s sales practices. In the September 2021 FINRA Arbitration Claim, the client contends that White caused them to invest in unsuitable securities. Basically, suitability concerns an investor’s appropriateness for investments, and their risk tolerance, objectives, and financial needs all play a part in determining suitability. Supposedly, this client’s investments contained high risks and led to losses in 2020. For damages that the client experienced in their customized portfolio, they seek $1,200,000 in compensation. This matter is currently ongoing.

White Allegedly Sells Unsuitable Investments To Barrett Company Investor

The second most recent dispute reported on Chad White’s BrokerCheck profile comes from a Barrett Company client who contends that White made unsuitable investments between 2009 and 2020. Like the first client alleged, White supposedly caused this client to experience a loss in the value of their account. It appears that the client asked for $300,000 in damages for this reason. This matter awaits a resolution.

Chad White’s Barrett Company Client Alleges Unsuitability In FINRA Arbitration Claim

Notably, a third investor dispute reportedly concerns Chad White’s actions at Barrett Company. Supposedly, in this April 2021 lawsuit, the client indicated that they invested in unsuitable investments because of White. It appears that the client’s account value declined between 2013 and 2020. For this reason, the client alleges that Barrett Company should pay $1,600,000 in compensation to resolve this matter. This is an unresolved case as of October 2021.

Misrepresentation Alleged In Barrett Company Client’s Dispute About White

Also, it seems that a fourth client of Barrett Company challenged Chad White and the firm's sales practices in July 2015. Specifically, the securities firm is accused of misrepresentation. It also appears that Barrett Company allegedly misrepresented small-cap stocks that the client purchased, which led to losses. Evidently, Barrett Company opted to settle this matter by making a $105,000 payment to the client in July 2016.

Client Receives Compensation After Alleging Breach Of Fiduciary Duty, Negligence By Chad White

Moreover, a Barrett Company client filed a FINRA Arbitration Claim, naming Chad White as a respondent. The allegations in the 2014 matter include negligence, failure to supervise, breach of fiduciary duty, and suitability. It appears that the client sustained losses on securities holdings because of these sales practice violations. The Arbitration Panel decided that White and Barrett Company were liable and ordered payment of $267,890.06 in damages to the investor.

Losses By Investing Through Securities Broker Chad White?

Apparently, White denies any and all allegations of sales practice violations. Have you experienced investment losses because of him? If so, reach out to Soreide Law Group at (888) 760-6552 and speak with experienced counsel concerning a possible recovery of your investment losses. Soreide Law Group represents clients on a contingency fee basis and advances all costs. The law firm has recovered compensation for many US clients who have experienced losses because of their securities brokers and financial advisors.