Investors potentially experienced sales practice violations due to securities broker Peter Allen Barry [CRD: 2235548, Los Angeles, California], based on disclosures through FINRA’s BrokerCheck. Evidently, Peter Barry has been registered with Raymond James Associates Inc., located at 10250 Constellation Blvd. Suite 850, Los Angeles, California, since April 18, 2018, and has also been associated with the same firm in Fairfax, California, since November 1, 2018. Keep reading to discover more about the client dispute currently pending against this securities broker.
Specifically, a client of Raymond James Associates Inc. contested Peter Barry’s sales practices by filing FINRA Arbitration No. 24-01633 on September 17, 2024. Allegedly, Barry invested the clients in unsuitable alternative investments, small-cap and micro-cap securities, and real estate investment trusts. The clients also contend that Barry held bonds and other fixed-income securities improperly for short periods, overconcentrated their portfolio in certain investments, mismanaged cash allocations, improperly recommended a securities-backed line of credit, and charged excessive commissions and fees. It appears that Barry caused the client to sustain damages on stocks. Therefore, the client seeks damages from Raymond James or Barry in the amount of $1,428,201.00 in this ongoing matter.
When securities brokers or financial advisors make unsuitable recommendations, they propose investments that do not align with a client’s investment objectives, risk tolerance, or financial profile. This can result in significant and inappropriate risk exposure for the investor. On the other hand, excessive commissions occur when a broker places transactions not for the investor’s benefit but to generate higher commissions, which may erode investment returns and indicate a potential conflict of interest. These practices can lead to financial losses for clients.
Do you have concerns or questions about your investments with Peter Barry? Feel free to contact Soreide Law Group online or at (888) 760-6552 to speak with a securities lawyer concerning a possible recovery of your investment losses. Soreide Law Group has recovered losses for clients located throughout the United States, works on a contingency fee basis, and advances all costs. Barry and any securities broker dealers / investment advisories Barry worked for deny accusations of sales practice violations.
Steven Graham (CRD 1977736) denies the allegations in a pending customer claim filed on August 11, 2026. The disclosure names Western International Securities as the firm, and the claim involves corporate bonds. No arbitrator has ruled on it. His BrokerCheck report also lists a settled bond dispute and a federal court matter from earlier years.
A claim filed on September 11, 2024 names Thomas Hamlin (CRD 2208505) over a 10% Senior Unsecured Note in iCap Fund III. Every disclosure on his BrokerCheck report involves an iCap private placement and names Somerset Securities as the firm. Each one settled, and a settlement is not an admission of wrongdoing.
Peter Po's most recent settlement came on June 28, 2026, when a corporate bond claim settled for $40,000. Po (CRD 3106974) appears in several settled customer disputes over corporate and high-yield bonds. The disclosures name NI Advisors or California Securities as the firm, and each matter ended in a settlement, not a finding.
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