Investors File Disputes About David Barnes

The Financial Industry Regulatory Authority (FINRA) reports important information about securities broker David Barnes AKA David Ray Barnes [CRD#: 2181896, Dallas, TX]. Evidently, investors disputed the sales practices of the securities broker, who worked for UBS Financial Services. Additionally, the securities broker discloses a regulatory enforcement action. However, Barnes denies the allegations of sales practice violations. Read on to learn more about the allegations against Barnes.

UBS Financial Services Investors Accuse David Barnes Of Unsuitable Recommendations

Evidently, on August 10, 2022, a UBS Financial Services client filed FINRA Arbitration #: 22-01789 about David Barnes. Namely, the client alleged that Barnes made unsuitable recommendations. Because of this, the client sustained damages on MLPs, preferred stocks, and lines of credit. Therefore, the client requested $3,400,000 in compensation from UBS Financial Services or Barnes. Evidently, this arbitration is pending a resolution.

UBS Financial Services Investors Accuse Barnes Of Unsuitable Recommendations

Also, a UBS Financial Services client filed FINRA Arbitration #: 20-02473 about David Barnes. Notably, the client alleged that Barnes made unsuitable recommendations. Because of this, the client sustained damages on lines of credit. Therefore, on April 12, 2022, UBS Financial Services settled this matter by paying the client $98,000.

Recent Employer Information

David Barnes worked for Credit Suisse Securities USA in Dallas, TX, as a financial advisor from April 9, 2009 to February 23, 2016. Barnes has been employed by UBS Financial Services in Dallas, TX, as a financial advisor since January 26, 2016.

David Barnes worked for Credit Suisse Securities USA in Dallas, TX, as a securities broker from April 9, 2009 to February 23, 2016. Barnes has been employed by UBS Financial Services in Dallas, TX, as a securities broker since January 26, 2016.

Damages Resulting From UBS Financial Services Securities Broker David Barnes?

Have you sustained damages by investing with David Barnes? If so, reach out to Soreide Law Group at (888) 760-6552 and speak with a securities lawyer about a possible recovery of your investment losses. Soreide Law Group, who has successfully recovered money for investors in all 50 states, represents clients on a contingency fee basis and advances all costs. Barnes and brokerage firms Barnes was employed by deny any and all allegations of sales practice violations.