Michael Barrows (Accelerated Capital, National Planning) Facing Client Disputes

Investors might have sustained losses because of securities broker Michael Scott Barrows [CRD: 2933260, Irvine, California], according to disclosures on FINRA BrokerCheck. Evidently, Barrows joined M Stevens Securities LLC and M Stevens Wealth Advisors LLC, both located in Irvine, CA, on June 9, 2023, and April 4, 2018, respectively. He previously worked for Kingswood Capital Partners LLC, Accelerated Capital Group, Chalice Wealth Advisors, and American Asset Advisory LLC. Keep reading to learn more about Barrows's disclosures.

Accelerated Capital Group Investor Accused Barrows Of Breach Of Fiduciary Duty, Negligence

Particularly, an Accelerated Capital Group client filed FINRA Arbitration: 22-01360 about Michael Barrows. Supposedly, Barrows violated federal securities laws, violated California securities laws, breached a contract, breached his fiduciary duty, and was negligent. Because of this, the investor apparently experienced damages on bonds. Consequently, on October 30, 2023, a FINRA Arbitration Panel issued an Award ordering Accelerated Capital Group and Barrows to pay the client $1,035,360.46 in compensatory damages, plus interest.

Michael Barrows Disclosed Unauthorized Trading Allegations By National Planning Corporation Client

Additionally, a client of National Planning Corporation contested Michael Barrows’s sales practices, according to a complaint dated August 9, 2016. Allegedly, Barrows engaged in unauthorized trading and made unsuitable recommendations of BDC products. It appears that Barrows allegedly caused the client to sustain damages. For this reason, the client sought compensatory relief from National Planning Corporation or Barrows. However, the firm denied this complaint.

National Planning Corporation Investor Accused Barrows Of Unsuitable Variable Annuity Investment

Also, on December 5, 2008, a National Planning Corporation client filed a complaint about Michael Barrows. Supposedly, Barrows made unsuitable recommendations regarding a variable annuity investment and disputed the surrender penalty associated with this investment. Because of this, the client allegedly sustained damages. As a result, the client requested $11,102.21 in compensation from National Planning Corporation or Barrows. However, the securities firm denied the complaint.

Did You Sustain Losses Because Of Michael Barrows?

Did you experience losses because of Michael Barrows? If so, reach out to Soreide Law Group online or at (888) 760-6552 and talk to a securities lawyer about a possible recovery of your investment losses. Soreide Law Group has assisted hundreds of clients throughout the country, works on a contingency fee basis, and advances all costs. Barrows and brokerage firms Barrows worked for deny accusations of sales practice violations.