Soreide Law Group has filed a FINRA arbitration on behalf of our client (Claimant) against:
PRINCIPAL SECURITIES, INC. (Respondent)
The Claimant is a widow residing in Texas. At all times relevant to this lawsuit the Claimant maintained her accounts at PRINCIPAL SECURITIES. According to the lawsuit the Claimant is seeking damages relating to the misconduct of PRINCIPAL SECURITIES’ former employee, ROBERT BARNARD. Robert Barnard is not named in this lawsuit.
The lawsuit states that acting in his capacity as an employee of PRINCIPAL SECURITIES, Robert Barnard sold the Claimant outside investments, and allegedly Robert Barnard borrowed money from the Claimant and her late husband.
According to FINRA’s BrokerCheck, which is available to the public on FINRA’s website, on Robert Barnard’s report it states that PRINCIPAL SECURITIES discharged Barnard following the allegations that, “The executrix of the deceased client's estate has made allegations against the registered representative and his assistant involving inappropriate personal financial dealings with the client.”
According to BrokerCheck, Barnard is not currently registered as a broker. He was in the securities industry for 10 years and was only listed with:
04/23/2008 - 08/24/2018 PRINCIPAL SECURITES, INC. - LAS CRUCES, NM
The Claimants demand judgment against PRINCIPAL SECURITIES is for compensatory damages of $250,000, plus interest and costs.
The lawsuit is alleging: Breach of fiduciary duty, violation of industry rules, breach of contract and negligence.
If you’ve experienced financial losses due to the actions or recommendations of PRINCIPAL SECURITIES, INC. and/or their former registered representative, ROBERT BARNARD, contact Soreide Law Group and speak to an experienced securities lawyer at no cost to you, regarding the possible recovery of your investment losses through a FINRA arbitration at: 888-760-6552.
Soreide Law Group represents our clients nationwide before FINRA. We operate on a contingency fee basis—there is no cost to you if there is no recovery.
Soreide Law Group has filed a FINRA arbitration on behalf of our client (Claimant) against: TEXAKOMA FINANCIAL, INC. and their registered representative, SHEA PETER KENNEDY (SHEA P KENNEDY) (Repondents). The Claimant resides in Nevada, and according to the lawsuit, around August of 2023, SHEA P KENNEDY contacted the Claimant unsolicited, apparently after the Claimant had […]
Pending customer claims on BrokerCheck name Michael Graham (CRD 3263494) and list LPL Financial as the firm. Each claim is pending and unproven, and no arbitrator has ruled on any of them. The customers allege that Graham misrepresented guaranteed principal and returns on a secured loan related to a real estate deal.
An SEC decision involving Titan Securities (CRD 131392) of Plano, Texas became final on August 7, 2026, according to FINRA's October 2026 Disciplinary and Other FINRA Actions report. The decision fined the firm $50,000. The record lists the firm as JTA Securities Management, Inc. dba Titan Securities.
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