Investors might have sustained losses due to securities broker Joseph E. Barnas [CRD: 4670017, New York, New York], according to disclosures on FINRA BrokerCheck. Barnas has worked for Osaic Wealth Inc. since January 19, 2024, and previously worked with Woodbury Financial Services Inc. from July 11, 2018, until January 19, 2024. Keep reading to learn more about the disclosures involving Barnas.
Particularly, on March 26, 2025, a Woodbury Financial Services Inc. client filed FINRA Arbitration No. 25-00619 about Joseph Barnas. The client alleged that Barnas made an unsuitable recommendation of a structured notes, given the client’s needs and objectives. Consequently, the investor allegedly incurred damages. Therefore, the client requested $80,000 in compensation from Woodbury Financial Services Inc. or Barnas. This arbitration is pending a resolution.
Evidently, FINRA issued Case No. 2010022764601 on March 8, 2013, sanctioning Joseph Barnas. Allegedly, while at Laidlaw Company, Barnas sent promotional emails about an exchange traded fund that omitted key risk disclosures, contained impermissible projections, and were not properly approved by a supervisor as required by industry rules. As a result, Barnas was fined $7,500 and suspended from association with any FINRA member.
Do you have concerns or questions regarding investments you made with Joseph Barnas? If so, contact Soreide Law Group at (888) 760-6552 or online and consult with a securities lawyer concerning a potential recovery of your investment losses. Soreide Law Group has recovered losses for investors throughout the USA. The firm also takes cases by a contingency fee arrangement and advances all costs. Barnas and brokerage firms Barnas worked for deny accusations of sales practice violations.
James Ryan Parascandola (James R Parascandola) was recently barred by FINRA from acting as a broker or otherwise associating with a broker/dealer firm with a start date of July 21, 2025. Parascandola was last registered as a broker with PRUCO SECURITIES LLC of East Brunswick, New Jersey from 05/16/2022 - 05/21/2024. Before PRUCO, he was […]
One or more investors possibly experienced losses because of securities broker Calvin James Heck [CRD: 1025767, Everett, Washington], based on public information found on FINRA BrokerCheck. Evidently, Heck has worked for Wedbush Securities Inc. in Los Angeles, California, since June 27, 2003, and in its Everett, Washington, office since June 11, 2020. Read on to […]
Investors potentially experienced sales practice violations due to securities broker Gregory John Libby [CRD: 2455485, Paramus, New Jersey], based on publicly available information on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Evidently, Libby has been employed with Morgan Stanley at its Paramus, New Jersey branch since June 1, 2009, and continues to be registered with the […]
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