Investor Alleges Christopher Barfoot Gave Poor Investment Advice

Christopher Barfoot (CRD #: 5004513), a broker registered with J.P. Morgan Securities, was the subject of a recent investor dispute, according to his BrokerCheck record, accessed on April 21, 2023. If you have questions about his alleged conduct as a broker, read on.

Investor Dispute

On March 8, 2023, an investor alleged that Christopher Barfoot gave them poor advice relating to a corporate action. The client sought $167,500 in damages but the dispute was denied by the firm.

Investors should know that firms can deny disputes without an outside review. Investors can still pursue FINRA arbitration after a denial and may be able to recover their lost funds.

FINRA Rule 2111

FINRA Rule 2111 requires brokers to take into account investors’ financial goals when recommending investments. Brokers must examine the information described in an investor’s profile, such as their risk tolerance, age, and tax status.

Investors who rely on brokers for recommendations may be able to recover their losses through FINRA arbitration.

FINRA Rule 2010

FINRA Rule 2010 holds brokers to high standards of commercial honor and just and equitable principles of trade. Violations of many other rules may also qualify as violations of FINRA Rule 2010.

Background Information

Christopher Barfoot has passed the following exams:

• Series 63 – Uniform Securities Agent State Law Examination
• SIE – Securities Industry Essentials Examination
• Series 7 – General Securities Representative Examination

Christopher Barfoot is a registered broker in 50 states as well as the District of Columbia, Puerto Rico, and the Virgin Islands.

He has also worked for the following firms:

• Cantor Fitzgerald & Company (CRD#:134)
• BNP Paribas Securities (CRD#:15794)
• Merrill Lynch, Pierce, Fenner & Smith (CRD#:7691)
• Banc of America Securities (CRD#:26091)

Kurta Law Can Help

If you worked with Christopher Barfoot and you have concerns about your investments, please contact us today at 877-600-0098 or info@kurtalawfirm.com for a free consultation.

For over 20 years, Kurta Law has advocated on behalf of investors who want to recover their investment losses from brokers and brokerage firms. Kurta Law is a nationally recognized law firm and exclusively represents investors against brokers and brokerage firms on a contingency basis. This means that the firm only earns a fee if our securities attorneys recover money on your behalf.