Ernesto Chavez (CRD: 4315877) faces a new pending claim on BrokerCheck over an investment made in 2018. The customer alleges $180,000 in damages, and no arbitrator has ruled on the claim.
Investors may have incurred losses due to securities broker Joseph Pierre Barreca Jr. (also known as Joe Barreca) [CRD: 3276048, Metairie, Louisiana], according to public information reported on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Barreca worked for Infinex Investments Inc. from July 1, 2016 to January 22, 2021, and for First Horizon Advisors Inc. from January 22, 2021 to October 15, 2024. He joined Wells Fargo Clearing Services LLC and Wells Fargo Advisors on October 11, 2024. Read on to find out more about Joseph Barreca’s disclosures and what investors have alleged.
Specifically, on June 13, 2025, a First Horizon Advisors Inc. client filed a complaint about Joseph Barreca. Supposedly, Barreca made unsuitable recommendations of illiquid market linked notes. The client also alleged lack of account diversification. Because of this, the client allegedly sustained damages relating to structured notes. Consequently, the client requested $300,000 in compensation from First Horizon Advisors Inc. or Barreca. It appears that this arbitration is pending a resolution.
Notably, on January 21, 2025, a Wells Fargo Advisors client filed a complaint about Joseph Barreca. Allegedly, Barreca charged excessive fees and mismanaged the allocation of assets. So, the client requested $5,657.98 in compensation from Wells Fargo Advisors or Barreca.
Particularly, on April 4, 2023, a First Horizon Advisors Inc. client filed a complaint about Joseph Barreca. Primarily, the client alleged poor performance in their investment advisory account. The complaint also alleged that the broker failed to contact them regarding their account in 2022. Consequently, the client requested $70,000 in compensation from First Horizon Advisors Inc. or Barreca. However, the firm denied this complaint.
Additionally, a client of First Horizon Advisors Inc. took aim at Joseph Barreca’s sales practices, based on a complaint dated August 15, 2022. Mainly, the client alleged that Barreca engaged in unauthorized trading. It appears that Barreca allegedly caused the client to sustain damages connected to a market-linked CD and a market-linked note. Therefore, the client sought compensation from First Horizon Advisors Inc. or Barreca in the amount of $22,000 in this matter.
Are you concerned regarding investments you made with Joseph Pierre Barreca? If so, contact Soreide Law Group at (888) 760-6552 or online. Speak with a securities lawyer about a potential recovery. For years, Soreide Law Group has helped to recoup losses for investors throughout the United States. Also, the firm takes cases on a contingency fee basis and advances the costs. Barreca and brokerage firms Barreca worked for deny accusations of sales practice violations.
Ernesto Chavez (CRD: 4315877) faces a new pending claim on BrokerCheck over an investment made in 2018. The customer alleges $180,000 in damages, and no arbitrator has ruled on the claim.
William Tunink (CRD: 2738224) settled a customer claim for $299,000 on August 11, 2026, according to his BrokerCheck report. The customer alleged that he obtained loans from the customer, and that some of the money went into an investment.
Tony Barouti (CRD: 3031995) faces a pending $230,400 customer claim, according to his BrokerCheck report. He says the allegations in it are false. His report also lists SEC administrative and cease-and-desist proceedings from August 2025.
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